Diversified Trust Co Acquires Shares of 14,380 Upbound Group, Inc. (NASDAQ:UPBD)

Diversified Trust Co acquired a new stake in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,380 shares of the company's stock, valued at approximately $345,000.

Several other hedge funds have also recently modified their holdings of UPBD. PNC Financial Services Group Inc. increased its holdings in Upbound Group by 12.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock worth $110,000 after buying an additional 429 shares during the period. Vestcor Inc acquired a new position in Upbound Group in the 4th quarter worth approximately $174,000. Palouse Capital Management Inc. increased its holdings in Upbound Group by 64.3% in the 1st quarter. Palouse Capital Management Inc. now owns 6,623 shares of the company's stock worth $159,000 after buying an additional 2,592 shares during the period. Freestone Grove Partners LP acquired a new position in Upbound Group in the 4th quarter worth approximately $221,000. Finally, Crestline Management LP acquired a new position in Upbound Group in the 4th quarter worth approximately $230,000. Institutional investors and hedge funds own 90.30% of the company's stock.

Upbound Group Stock Performance

Upbound Group stock traded up $0.36 during mid-day trading on Friday, hitting $26.67. The company had a trading volume of 246,689 shares, compared to its average volume of 534,242. Upbound Group, Inc. has a 12-month low of $19.69 and a 12-month high of $38.72. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 12.52 and a beta of 1.74. The company has a current ratio of 3.12, a quick ratio of 0.80 and a debt-to-equity ratio of 2.26. The company's fifty day moving average is $24.33 and its 200-day moving average is $25.71.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.06. Upbound Group had a return on equity of 36.30% and a net margin of 2.74%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the firm posted $0.79 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts predict that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date is Tuesday, June 17th. Upbound Group's payout ratio is 73.24%.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial reiterated an "outperform" rating and issued a $35.00 price target (down previously from $40.00) on shares of Upbound Group in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Upbound Group currently has an average rating of "Moderate Buy" and an average price target of $34.50.

Insider Activity

In other news, Director Jeffrey J. Brown bought 21,730 shares of the company's stock in a transaction on 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 transaction, the director directly owned 21,730 shares in the company, valued at $516,087.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.60% of the company's stock.

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.