Peregrine Capital Management LLC Invests $4.93 Million in Upbound Group, Inc. $UPBD

Peregrine Capital Management LLC bought a new stake in Upbound Group, Inc. (NASDAQ:UPBD) in the first quarter, HoldingsChannel reports. The fund bought 273,370 shares of the company’s stock, valued at approximately $4,934,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Upbound Group by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,705 shares of the company’s stock valued at $645,000 after purchasing an additional 482 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Upbound Group by 18.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,400 shares of the company’s stock valued at $60,000 after buying an additional 535 shares during the period. LPL Financial LLC grew its stake in shares of Upbound Group by 1.5% during the 4th quarter. LPL Financial LLC now owns 46,341 shares of the company’s stock valued at $814,000 after buying an additional 673 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Upbound Group by 1.3% during the 3rd quarter. Alliancebernstein L.P. now owns 72,428 shares of the company’s stock worth $1,711,000 after buying an additional 900 shares during the last quarter. Finally, Prelude Capital Management LLC increased its holdings in shares of Upbound Group by 9.4% during the 3rd quarter. Prelude Capital Management LLC now owns 10,737 shares of the company’s stock worth $254,000 after buying an additional 923 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Upbound Group Trading Down 2.3%

NASDAQ UPBD opened at $20.73 on Thursday. Upbound Group, Inc. has a one year low of $15.82 and a one year high of $28.02. The company’s 50 day moving average price is $18.73 and its 200 day moving average price is $18.95. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.88 and a current ratio of 3.06. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 14.50 and a beta of 1.79.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. Upbound Group had a net margin of 1.78% and a return on equity of 35.56%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company posted $1.00 earnings per share. Upbound Group’s revenue was up 3.7% compared to the same quarter last year. Upbound Group has set its Q2 2026 guidance at 1.000-1.100 EPS and its FY 2026 guidance at 4.000-4.350 EPS. On average, sell-side analysts predict that Upbound Group, Inc. will post 4.15 EPS for the current year.

Upbound Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.39 per share. The ex-dividend date is Tuesday, June 16th. This represents a $1.56 annualized dividend and a dividend yield of 7.5%. Upbound Group’s payout ratio is presently 109.09%.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown purchased 2,329 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was purchased at an average cost of $19.41 per share, with a total value of $45,205.89. Following the transaction, the director owned 94,840 shares in the company, valued at approximately $1,840,844.40. This trade represents a 2.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Zacks Research lowered Upbound Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings reissued a “hold (c-)” rating on shares of Upbound Group in a research report on Wednesday, June 24th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Upbound Group has an average rating of “Moderate Buy” and a consensus price target of $31.33.

Upbound Group Company Profile

Upbound Group, Inc leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.