45,979 Shares in Upbound Group, Inc. (NASDAQ:UPBD) Purchased by Twinbeech Capital LP

Twinbeech Capital LP acquired a new position in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,979 shares of the company's stock, valued at approximately $1,341,000. Twinbeech Capital LP owned about 0.08% of Upbound Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Upbound Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 6,781,075 shares of the company's stock worth $197,804,000 after buying an additional 113,212 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Upbound Group by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,328,229 shares of the company's stock worth $67,913,000 after buying an additional 92,766 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Upbound Group by 6.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 974,186 shares of the company's stock valued at $28,417,000 after purchasing an additional 60,139 shares during the last quarter. Huber Capital Management LLC grew its holdings in Upbound Group by 2.2% during the fourth quarter. Huber Capital Management LLC now owns 856,147 shares of the company's stock valued at $24,974,000 after purchasing an additional 18,343 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in Upbound Group by 15.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 799,757 shares of the company's stock valued at $23,329,000 after purchasing an additional 105,380 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Raymond James reiterated an "outperform" rating and set a $35.00 price target (down previously from $40.00) on shares of Upbound Group in a report on Friday, May 2nd. Loop Capital lowered their price target on Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Upbound Group presently has an average rating of "Moderate Buy" and an average target price of $36.60.

Insider Activity

In other Upbound Group news, Director Jeffrey J. Brown acquired 21,730 shares of Upbound Group stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $23.75 per share, with a total value of $516,087.50. Following the completion of the transaction, the director now owns 21,730 shares of the company's stock, valued at $516,087.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Fahmi Karam acquired 11,500 shares of Upbound Group stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $25.82 per share, with a total value of $296,930.00. Following the completion of the transaction, the chief financial officer now directly owns 164,672 shares of the company's stock, valued at $4,251,831.04. This trade represents a 7.51% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 34,924 shares of company stock valued at $846,711. 2.70% of the stock is owned by company insiders.

Upbound Group Stock Performance

Shares of UPBD traded up $0.42 during mid-day trading on Tuesday, hitting $23.30. The company's stock had a trading volume of 98,306 shares, compared to its average volume of 529,856. Upbound Group, Inc. has a one year low of $19.68 and a one year high of $38.72. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.86 and a current ratio of 3.66. The firm has a market capitalization of $1.35 billion, a PE ratio of 10.54 and a beta of 1.77. The stock's 50-day moving average is $22.82 and its two-hundred day moving average is $27.34.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.06. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same period in the prior year, the business earned $0.79 earnings per share. Upbound Group's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Wednesday, April 2nd were given a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.56 annualized dividend and a dividend yield of 6.70%. Upbound Group's dividend payout ratio is 73.24%.

Upbound Group 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.