17,900 Shares in Upbound Group, Inc. (NASDAQ:UPBD) Acquired by Tidal Investments LLC

Tidal Investments LLC acquired a new position in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,900 shares of the company's stock, valued at approximately $522,000.

Several other institutional investors also recently modified their holdings of UPBD. R Squared Ltd bought a new stake in shares of Upbound Group in the fourth quarter worth $25,000. Blue Trust Inc. boosted its position in Upbound Group by 45.0% during the fourth quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock valued at $73,000 after acquiring an additional 705 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Upbound Group by 12.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock valued at $110,000 after acquiring an additional 429 shares during the last quarter. Vestcor Inc bought a new stake in Upbound Group during the fourth quarter valued at $174,000. Finally, Freestone Grove Partners LP bought a new stake in Upbound Group during the fourth quarter valued at $221,000. Institutional investors own 90.30% of the company's stock.

Upbound Group Stock Up 0.6%

Shares of UPBD stock traded up $0.13 on Friday, reaching $23.05. 607,369 shares of the company were exchanged, compared to its average volume of 514,002. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 10.43 and a beta of 1.77. The company has a 50-day moving average of $22.67 and a 200-day moving average of $27.10. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86. Upbound Group, Inc. has a one year low of $19.69 and a one year high of $38.72.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released 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 analysts' expectations of $1.13 billion. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The business's revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 EPS. Analysts anticipate that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Upbound Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Wednesday, April 2nd were issued a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.77%. Upbound Group's dividend payout ratio is presently 73.24%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UPBD. Loop Capital cut their price target on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a research report on Friday, February 21st. Raymond James reaffirmed an "outperform" rating and set a $35.00 price target (down previously from $40.00) on shares of Upbound Group in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $36.60.

Insider Buying and Selling

In other news, CFO Fahmi Karam acquired 11,500 shares of the firm's stock in a transaction on Monday, March 10th. The stock was 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 approximately $4,251,831.04. This represents a 7.51% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey J. Brown acquired 21,730 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was purchased at an average price of $23.75 per share, with a total value of $516,087.50. Following the purchase, the director now owns 21,730 shares in the company, valued at approximately $516,087.50. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 34,924 shares of company stock worth $846,711 in the last quarter. Insiders own 2.70% of the company's stock.

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.