Two Sigma Advisers LP Sells 12,200 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Two Sigma Advisers LP trimmed its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 37.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,500 shares of the company's stock after selling 12,200 shares during the quarter. Two Sigma Advisers LP's holdings in Upbound Group were worth $598,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Tidal Investments LLC acquired a new stake in Upbound Group during the fourth quarter worth about $522,000. Sherbrooke Park Advisers LLC acquired a new stake in Upbound Group during the fourth quarter worth about $336,000. Mork Capital Management LLC acquired a new stake in Upbound Group during the fourth quarter worth about $998,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Upbound Group by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,515 shares of the company's stock worth $890,000 after buying an additional 1,122 shares in the last quarter. Finally, Interval Partners LP grew its stake in Upbound Group by 21.8% during the fourth quarter. Interval Partners LP now owns 65,842 shares of the company's stock worth $1,921,000 after buying an additional 11,781 shares in the last quarter. 90.30% of the stock is owned by institutional investors.

Upbound Group Trading Up 3.8%

NASDAQ:UPBD traded up $0.94 during mid-day trading on Friday, hitting $25.42. 492,704 shares of the company's stock were exchanged, compared to its average volume of 516,861. The company has a 50 day simple moving average of $22.68 and a 200-day simple moving average of $26.82. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.08. Upbound Group, Inc. has a fifty-two week low of $19.69 and a fifty-two week high of $38.72. The firm has a market capitalization of $1.47 billion, a P/E ratio of 11.50 and a beta of 1.73.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted 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. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the company earned $0.79 EPS. The firm's revenue was up 7.3% compared to the same quarter last year. As a group, research analysts expect that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Upbound Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, June 17th. This represents a $1.56 annualized dividend and a yield of 6.14%. Upbound Group's dividend payout ratio is presently 73.24%.

Insider Buying and Selling

In other news, Director Jeffrey J. Brown purchased 21,730 shares of the stock in a transaction on Tuesday, May 6th. The stock was purchased at an average price of $23.75 per share, for a total transaction of $516,087.50. Following the acquisition, the director now owns 21,730 shares in the company, valued at $516,087.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Fahmi Karam purchased 11,500 shares of the stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $25.82 per share, with a total value of $296,930.00. Following the acquisition, 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 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 ninety days. Company insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UPBD. Raymond James reiterated an "outperform" rating and set a $35.00 price objective (down from $40.00) on shares of Upbound Group in a research note on Friday, May 2nd. Loop Capital reduced 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 note on Friday, February 21st. Two investment 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.60.

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.