PharVision Advisers LLC Makes New $314,000 Investment in Upbound Group, Inc. (NASDAQ:UPBD)

PharVision Advisers LLC purchased a new stake in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,754 shares of the company's stock, valued at approximately $314,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Upbound Group by 18.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,151 shares of the company's stock valued at $4,088,000 after acquiring an additional 21,568 shares during the last quarter. Voloridge Investment Management LLC raised its stake in Upbound Group by 101.7% during the 4th quarter. Voloridge Investment Management LLC now owns 147,893 shares of the company's stock valued at $4,314,000 after buying an additional 74,565 shares during the last quarter. Vident Advisory LLC purchased a new stake in Upbound Group during the 4th quarter valued at $480,000. Twinbeech Capital LP purchased a new stake in Upbound Group during the 4th quarter valued at $1,341,000. Finally, Tidal Investments LLC purchased a new stake in Upbound Group during the 4th quarter valued at $522,000. 90.30% of the stock is owned by institutional investors.

Upbound Group Stock Performance

Shares of UPBD traded down $0.53 on Friday, reaching $22.88. The company's stock had a trading volume of 467,033 shares, compared to its average volume of 510,995. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86. The stock has a market capitalization of $1.32 billion, a P/E ratio of 10.35 and a beta of 1.77. The stock's 50 day simple moving average is $22.86 and its two-hundred day simple moving average is $27.45. Upbound Group, Inc. has a 12-month low of $19.69 and a 12-month high of $38.72.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.06. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.13 billion. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 earnings per share. Research analysts forecast that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date of this dividend was Wednesday, April 2nd. Upbound Group's payout ratio is 73.24%.

Insiders Place Their Bets

In other news, Director Jeffrey J. Brown bought 21,730 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $23.75 per share, for a total transaction of $516,087.50. Following the purchase, the director now owns 21,730 shares in the company, valued at $516,087.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Fahmi Karam bought 11,500 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $25.82 per share, for a total transaction of $296,930.00. Following the purchase, the chief financial officer now owns 164,672 shares in the company, valued at $4,251,831.04. This represents a 7.51% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 34,924 shares of company stock worth $846,711 over the last quarter. 2.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Loop Capital decreased their target price on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating for the company in a research note on Friday, February 21st. Raymond James reiterated an "outperform" rating and set a $35.00 target price (down from $40.00) on shares of Upbound Group in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.60.

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.