11,510 Shares in Upbound Group, Inc. (NASDAQ:UPBD) Acquired by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC purchased a new stake in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,510 shares of the company's stock, valued at approximately $336,000.

Several other large investors have also recently modified their holdings of UPBD. Kennedy Capital Management LLC purchased a new position in shares of Upbound Group in the fourth quarter worth about $10,214,000. Marshall Wace LLP increased its holdings in shares of Upbound Group by 333.9% in the fourth quarter. Marshall Wace LLP now owns 350,949 shares of the company's stock worth $10,237,000 after buying an additional 270,064 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Upbound Group by 171.9% in the fourth quarter. Victory Capital Management Inc. now owns 267,618 shares of the company's stock worth $7,806,000 after buying an additional 169,197 shares during the period. Brandywine Global Investment Management LLC purchased a new position in shares of Upbound Group in the fourth quarter worth about $4,883,000. Finally, Wellington Management Group LLP increased its holdings in shares of Upbound Group by 37.9% in the fourth quarter. Wellington Management Group LLP now owns 559,120 shares of the company's stock worth $16,310,000 after buying an additional 153,551 shares during the period. Hedge funds and other institutional investors own 90.30% of the company's stock.

Upbound Group Trading Down 2.3%

NASDAQ:UPBD traded down $0.53 during mid-day trading on Friday, reaching $22.88. 467,033 shares of the company's stock traded hands, compared to its average volume of 510,995. Upbound Group, Inc. has a 12-month low of $19.69 and a 12-month high of $38.72. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 10.35 and a beta of 1.77. 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 company has a 50 day moving average price of $22.86 and a 200-day moving average price of $27.45.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.06. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the business earned $0.79 EPS. Upbound Group's revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts predict that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Upbound Group Announces Dividend

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

Insider Activity at Upbound Group

In other news, Director Jeffrey J. Brown acquired 21,730 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were acquired at an average cost of $23.75 per share, with a total value of $516,087.50. Following the transaction, the director now owns 21,730 shares in the company, valued at $516,087.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Fahmi Karam acquired 11,500 shares of the business's stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $25.82 per share, for a total transaction of $296,930.00. Following the completion of the transaction, the chief financial officer now owns 164,672 shares in the company, valued at approximately $4,251,831.04. This represents a 7.51% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 34,924 shares of company stock worth $846,711 in the last 90 days. Company insiders own 2.70% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Loop Capital decreased their price objective on Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Friday, February 21st. Raymond James reiterated an "outperform" rating and issued a $35.00 price objective (down previously from $40.00) on shares of Upbound Group in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Upbound Group has an average rating of "Moderate Buy" and an average price target of $36.60.

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.