Lido Advisors LLC Sells 182,205 Shares of Upbound Group, Inc. $UPBD

Lido Advisors LLC cut its stake in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 59.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 124,581 shares of the company's stock after selling 182,205 shares during the period. Lido Advisors LLC owned about 0.21% of Upbound Group worth $2,249,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in shares of Upbound Group by 238.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,448 shares of the company's stock worth $25,000 after purchasing an additional 1,020 shares in the last quarter. Quarry LP increased its position in shares of Upbound Group by 913.1% during the 3rd quarter. Quarry LP now owns 1,388 shares of the company's stock valued at $33,000 after purchasing an additional 1,251 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Upbound Group by 18.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,400 shares of the company's stock valued at $60,000 after buying an additional 535 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Upbound Group by 49.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,685 shares of the company's stock valued at $67,000 after buying an additional 1,226 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in Upbound Group in the 2nd quarter worth approximately $95,000. Institutional investors own 90.30% of the company's stock.

Upbound Group Stock Performance

NASDAQ:UPBD opened at $20.46 on Monday. The company has a fifty day moving average of $19.51 and a 200 day moving average of $19.35. Upbound Group, Inc. has a 52 week low of $15.82 and a 52 week high of $28.02. The company has a quick ratio of 0.88, a current ratio of 3.06 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $1.19 billion, a P/E ratio of 14.31 and a beta of 1.79.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.02. Upbound Group had a net margin of 1.78% and a return on equity of 35.56%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm earned $1.00 EPS. The company's revenue was up 3.7% on a year-over-year basis. Upbound Group has set its Q2 2026 guidance at 1.000-1.100 EPS and its FY 2026 guidance at 4.000-4.350 EPS. On average, research analysts predict that Upbound Group, Inc. will post 4.15 earnings per share for the current year.

Upbound Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 16th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.56 annualized dividend and a dividend yield of 7.6%. Upbound Group's dividend payout ratio (DPR) is presently 109.09%.

Insider Transactions at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown purchased 2,329 shares of the stock in a transaction on Tuesday, April 28th. The stock was acquired at an average price of $19.41 per share, with a total value of $45,205.89. Following the transaction, the director directly owned 94,840 shares of the company's stock, valued at approximately $1,840,844.40. This trade represents a 2.52% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. TD Cowen increased their price target on shares of Upbound Group from $28.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Weiss Ratings restated a "hold (c-)" rating on shares of Upbound Group in a report on Wednesday, June 24th. Finally, Zacks Research lowered shares of Upbound Group from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Upbound Group currently has a consensus rating of "Moderate Buy" and an average price target of $31.00.

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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.