Kingstone Capital Partners Texas LLC Makes New $313,000 Investment in Upbound Group, Inc. $UPBD

Key Points

• Kingstone Capital Partners Texas LLC has acquired a new stake of 12,480 shares in Upbound Group, Inc., valued at approximately $313,000.
• Upbound Group reported earnings of **$1.12 per share** for the last quarter, surpassing analysts' expectations of $1.05, and plans to pay a quarterly dividend of **$0.39 per share** on October 21st.
• Multiple institutional investors have significantly increased their stakes in Upbound Group, with holdings now comprising **90.30%** of the company's stock.

Kingstone Capital Partners Texas LLC purchased a new position in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,480 shares of the company's stock, valued at approximately $313,000.

Other institutional investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC increased its position in Upbound Group by 59.9% during the 1st quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company's stock valued at $31,000 after purchasing an additional 491 shares during the period. CWM LLC grew its holdings in Upbound Group by 35.5% during the 1st quarter. CWM LLC now owns 1,880 shares of the company's stock worth $45,000 after acquiring an additional 493 shares during the period. Advisors Asset Management Inc. raised its position in shares of Upbound Group by 179.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,912 shares of the company's stock worth $94,000 after acquiring an additional 2,512 shares in the last quarter. Palouse Capital Management Inc. boosted its position in shares of Upbound Group by 64.3% during the 1st quarter. Palouse Capital Management Inc. now owns 6,623 shares of the company's stock valued at $159,000 after purchasing an additional 2,592 shares in the last quarter. Finally, MQS Management LLC acquired a new stake in Upbound Group during the first quarter worth approximately $202,000. 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 stock. Loop Capital raised shares of Upbound Group from a "hold" rating to a "buy" rating and set a $36.00 target price on the stock in a research report on Monday, September 15th. Wall Street Zen raised shares of Upbound Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, BTIG Research reaffirmed a "buy" rating and set a $40.00 price objective on shares of Upbound Group in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $36.80.

Insiders Place Their Bets

In other Upbound Group news, EVP Ralph T. Montrone sold 6,000 shares of Upbound Group stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $25.23, for a total value of $151,380.00. Following the transaction, the executive vice president directly owned 49,123 shares of the company's stock, valued at $1,239,373.29. The trade was a 10.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey J. Brown bought 1,653 shares of the stock in a transaction dated Tuesday, July 8th. The stock was acquired at an average price of $25.90 per share, with a total value of $42,812.70. Following the completion of the purchase, the director owned 89,400 shares of the company's stock, valued at $2,315,460. This represents a 1.88% increase in their position. The disclosure for this purchase can be found here. 2.60% of the stock is owned by corporate insiders.

Upbound Group Price Performance

UPBD traded down $1.06 on Monday, reaching $25.50. 913,321 shares of the company's stock were exchanged, compared to its average volume of 697,293. Upbound Group, Inc. has a twelve month low of $19.65 and a twelve month high of $36.00. The stock has a market cap of $1.48 billion, a PE ratio of 6.45 and a beta of 1.77. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.11 and a quick ratio of 0.83. The stock's fifty day moving average price is $24.47 and its 200-day moving average price is $24.05.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.Upbound Group's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $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. Sell-side analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, September 30th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Tuesday, September 30th. Upbound Group's dividend payout ratio (DPR) is 87.64%.

About Upbound Group

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.