Universal Beteiligungs und Servicegesellschaft mbH Makes New $5.20 Million Investment in Upbound Group, Inc. (NASDAQ:UPBD)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 178,299 shares of the company's stock, valued at approximately $5,201,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.31% of Upbound Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UPBD. PharVision Advisers LLC purchased a new position in Upbound Group in the 4th quarter valued at about $314,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Upbound Group by 18.2% during the fourth 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 lifted its position in shares of Upbound Group by 101.7% in the fourth quarter. Voloridge Investment Management LLC now owns 147,893 shares of the company's stock valued at $4,314,000 after acquiring an additional 74,565 shares in the last quarter. Vident Advisory LLC acquired a new stake in shares of Upbound Group in the fourth quarter worth approximately $480,000. Finally, Twinbeech Capital LP acquired a new stake in shares of Upbound Group in the fourth quarter worth approximately $1,341,000. Hedge funds and other institutional investors own 90.30% of the company's stock.

Wall Street Analyst Weigh In

UPBD has been the topic of a number of research reports. Raymond James restated 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. Loop Capital lowered 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. Two research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $36.60.

Upbound Group Trading Down 0.6%

UPBD stock traded down $0.14 during trading on Wednesday, reaching $24.15. 507,833 shares of the stock were exchanged, compared to its average volume of 515,512. 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 firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.93 and a beta of 1.77. The business has a 50 day moving average price of $22.64 and a 200-day moving average price of $26.96. Upbound Group, Inc. has a 1 year low of $19.69 and a 1 year high of $38.72.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.94 by $0.06. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates 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 for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 EPS. On average, research analysts predict that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Upbound Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 6.46%. Upbound Group's dividend payout ratio (DPR) is presently 73.24%.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown purchased 21,730 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $23.75 per share, for a total transaction of $516,087.50. Following the completion of the purchase, the director now directly owns 21,730 shares of the company's stock, valued at approximately $516,087.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Fahmi Karam acquired 11,500 shares of the stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $25.82 per share, with a total value of $296,930.00. Following the purchase, the chief financial officer now owns 164,672 shares of the company's stock, valued at approximately $4,251,831.04. This trade 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 three months. Insiders own 2.70% of the company's stock.

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.