Landscape Capital Management L.L.C. Invests $2.24 Million in Upbound Group, Inc. $UPBD

Key Points

• Landscape Capital Management L.L.C. has acquired a new position in Upbound Group, investing approximately $2.24 million for 93,320 shares, representing 0.16% ownership of the company.
• Upbound Group reported $1.12 earnings per share (EPS) for the last quarter, exceeding estimates, with quarterly revenue reaching $1.16 billion, a 7.5% increase year-over-year.
• The company plans to pay an annualized dividend of $1.56 per share, which translates to a 6.0% dividend yield, while its dividend payout ratio stands at 87.64%.

Landscape Capital Management L.L.C. acquired a new position in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 93,320 shares of the company's stock, valued at approximately $2,236,000. Landscape Capital Management L.L.C. owned about 0.16% of Upbound Group as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Upbound Group by 5,179.7% in the first quarter. GAMMA Investing LLC now owns 12,196 shares of the company's stock worth $292,000 after acquiring an additional 11,965 shares during the period. SG Americas Securities LLC raised its holdings in Upbound Group by 209.8% in the 1st quarter. SG Americas Securities LLC now owns 46,796 shares of the company's stock worth $1,121,000 after purchasing an additional 31,693 shares in the last quarter. Deutsche Bank AG raised its holdings in Upbound Group by 40.4% in the 4th quarter. Deutsche Bank AG now owns 47,670 shares of the company's stock worth $1,391,000 after purchasing an additional 13,713 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Upbound Group by 7.2% in the 1st quarter. Principal Financial Group Inc. now owns 255,244 shares of the company's stock worth $6,116,000 after purchasing an additional 17,237 shares during the period. Finally, Canaan Partners XI LLC bought a new stake in shares of Upbound Group during the 1st quarter valued at about $930,000. Institutional investors own 90.30% of the company's stock.

Insider Activity

In other Upbound Group news, Director Jeffrey J. Brown bought 1,653 shares of the stock in a transaction dated Tuesday, July 8th. The stock was purchased at an average cost of $25.90 per share, for a total transaction of $42,812.70. Following the completion of the acquisition, the director owned 89,400 shares of the company's stock, valued at approximately $2,315,460. This trade represents a 1.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.60% of the company's stock.

Upbound Group Stock Down 1.7%

Upbound Group stock traded down $0.45 on Monday, hitting $25.41. 506,569 shares of the stock traded hands, compared to its average volume of 681,802. Upbound Group, Inc. has a 1 year low of $19.65 and a 1 year high of $36.00. The firm has a market cap of $1.47 billion, a P/E ratio of 14.28 and a beta of 1.77. 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 business's fifty day simple moving average is $24.45 and its 200 day simple moving average is $24.17.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm earned $1.04 EPS. The company's revenue was up 7.5% compared to the same quarter last year. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. As a group, sell-side analysts forecast that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Upbound Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.1%. Upbound Group's dividend payout ratio (DPR) is currently 87.64%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Upbound Group from a "hold" rating to a "buy" rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.