Ieq Capital LLC Has $17.59 Million Position in Upbound Group, Inc. $UPBD

Key Points

• Ieq Capital LLC reduced its stake in Upbound Group by 2.0%, selling 14,885 shares, and now holds 734,071 shares valued at $17.6 million.
• Upbound Group's stock recently opened at $26.07, with a market cap of $1.51 billion and a PE ratio of 14.65.
• The company declared a quarterly dividend of $0.39 per share, representing a 6.0% dividend yield, with a payout ratio of 87.64%.

Ieq Capital LLC decreased its holdings in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 734,071 shares of the company's stock after selling 14,885 shares during the quarter. Ieq Capital LLC owned 1.27% of Upbound Group worth $17,588,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in UPBD. Nuveen LLC acquired a new position in Upbound Group in the first quarter worth approximately $10,023,000. Bragg Financial Advisors Inc boosted its stake in Upbound Group by 78.3% in the 1st quarter. Bragg Financial Advisors Inc now owns 724,231 shares of the company's stock worth $17,353,000 after purchasing an additional 318,060 shares during the period. Vanguard Group Inc. boosted its stake in Upbound Group by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 7,025,821 shares of the company's stock worth $168,339,000 after purchasing an additional 244,746 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Upbound Group in the 4th quarter worth approximately $5,201,000. Finally, Wellington Management Group LLP boosted its stake in shares of Upbound Group by 37.9% during the 4th quarter. Wellington Management Group LLP now owns 559,120 shares of the company's stock valued at $16,310,000 after buying an additional 153,551 shares during the period. Institutional investors and hedge funds own 90.30% of the company's stock.

Insider Activity

In related news, Director Jeffrey J. Brown acquired 1,653 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were bought at an average price of $25.90 per share, for a total transaction of $42,812.70. Following the acquisition, the director owned 89,400 shares in the company, valued at $2,315,460. This trade represents a 1.88% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.60% of the company's stock.

Upbound Group Stock Performance

UPBD traded down $0.45 during trading on Monday, hitting $25.41. The stock had a trading volume of 506,569 shares, compared to its average volume of 681,802. The firm has a market cap of $1.47 billion, a PE ratio of 14.28 and a beta of 1.77. Upbound Group, Inc. has a 12 month low of $19.65 and a 12 month high of $36.00. The company has a current ratio of 3.11, a quick ratio of 0.83 and a debt-to-equity ratio of 2.29. The company has a 50 day simple moving average of $24.45 and a 200-day simple moving average of $24.17.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.05 by $0.07. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The business's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 EPS. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. Analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.39 per share. The ex-dividend date was Tuesday, June 17th. This represents a $1.56 annualized dividend and a dividend yield of 6.1%. Upbound Group's payout ratio is presently 87.64%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Upbound Group from a "hold" rating to a "buy" rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Upbound Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.50.

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.