Tidal Investments LLC Takes Position in Upbound Group, Inc. (NASDAQ:UPBD)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Upbound Group during the 4th quarter valued at about $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 worth $73,000 after purchasing an additional 705 shares during the period. PNC Financial Services Group Inc. grew its holdings 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 purchasing an additional 429 shares during the last quarter. Vestcor Inc bought a new position in shares of Upbound Group in the fourth quarter valued at approximately $174,000. Finally, Freestone Grove Partners LP bought a new position in shares of Upbound Group in the fourth quarter valued at approximately $221,000. Institutional investors and hedge funds own 90.30% of the company's stock.

Upbound Group Stock Performance

UPBD traded up $0.36 during trading on Monday, hitting $23.30. The stock had a trading volume of 587,441 shares, compared to its average volume of 514,295. The firm has a market cap of $1.35 billion, a PE ratio of 10.54 and a beta of 1.77. Upbound Group, Inc. has a 12 month low of $19.69 and a 12 month high of $38.72. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.08. The company has a 50 day simple moving average of $22.64 and a 200-day simple moving average of $27.00.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.94 by $0.06. The firm 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 business's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 EPS. Analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Dividend Announcement

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. The ex-dividend date was Wednesday, April 2nd. This represents a $1.56 annualized dividend and a yield of 6.70%. Upbound Group's dividend payout ratio is 73.24%.

Insiders Place Their Bets

In other Upbound Group news, CFO Fahmi Karam bought 11,500 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $25.82 per share, for a total transaction of $296,930.00. Following the transaction, the chief financial officer now owns 164,672 shares in the company, valued at approximately $4,251,831.04. The trade was a 7.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey J. Brown bought 1,694 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The shares were acquired at an average price of $19.89 per share, for a total transaction of $33,693.66. Following the completion of the transaction, the director now owns 88,074 shares in the company, valued at $1,751,791.86. This represents a 1.96% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 34,924 shares of company stock worth $846,711 in the last ninety days. Insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UPBD. Raymond James reiterated an "outperform" rating and issued a $35.00 target price (down from $40.00) on shares of Upbound Group in a research note on Friday, May 2nd. Loop Capital dropped their target price on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Upbound Group currently has an average rating of "Moderate Buy" and an average target price 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.