Petrus Trust Company LTA Makes New Investment in Upbound Group, Inc. $UPBD

Petrus Trust Company LTA acquired a new stake in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 19,454 shares of the company's stock, valued at approximately $466,000.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its position in Upbound Group by 5,179.7% during the first quarter. GAMMA Investing LLC now owns 12,196 shares of the company's stock valued at $292,000 after acquiring an additional 11,965 shares during the last quarter. SG Americas Securities LLC increased its position in Upbound Group by 209.8% during the first quarter. SG Americas Securities LLC now owns 46,796 shares of the company's stock valued at $1,121,000 after acquiring an additional 31,693 shares during the last quarter. Raymond James Financial Inc. increased its position in Upbound Group by 14.3% during the first quarter. Raymond James Financial Inc. now owns 153,638 shares of the company's stock valued at $3,681,000 after acquiring an additional 19,179 shares during the last quarter. Deutsche Bank AG increased its position in Upbound Group by 40.4% during the fourth quarter. Deutsche Bank AG now owns 47,670 shares of the company's stock valued at $1,391,000 after acquiring an additional 13,713 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Upbound Group by 7.2% during the first quarter. Principal Financial Group Inc. now owns 255,244 shares of the company's stock valued at $6,116,000 after acquiring an additional 17,237 shares during the last quarter. Institutional investors own 90.30% of the company's stock.

Upbound Group Trading Down 2.0%

Shares of NASDAQ UPBD traded down $0.50 during mid-day trading on Friday, reaching $25.02. The company had a trading volume of 502,229 shares, compared to its average volume of 587,026. The business's 50-day moving average is $24.40 and its 200-day moving average is $24.02. 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 stock has a market cap of $1.45 billion, a price-to-earnings ratio of 14.06 and a beta of 1.77. Upbound Group, Inc. has a 52 week low of $19.65 and a 52 week high of $36.00.

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

Insider Activity

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Upbound Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.50.

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.