Huber Capital Management LLC Buys 92,908 Shares of Upbound Group, Inc. $UPBD

Key Points

• Huber Capital Management LLC increased its holdings in Upbound Group, Inc. by 10.9%, making it the firm's 4th biggest position with a total of 949,055 shares.
• Upbound Group reported earnings of $1.12 EPS for the last quarter, exceeding analysts' expectations of $1.05 EPS, with revenue reaching $1.16 billion.
• The company recently announced a quarterly dividend of $0.39, resulting in an annualized dividend of $1.56 and a yield of 6.0%.

Huber Capital Management LLC boosted its stake in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 10.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 949,055 shares of the company's stock after acquiring an additional 92,908 shares during the period. Upbound Group accounts for about 4.3% of Huber Capital Management LLC's portfolio, making the stock its 4th biggest position. Huber Capital Management LLC owned about 1.64% of Upbound Group worth $22,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC increased its stake in Upbound Group by 59.9% during the 1st quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company's stock worth $31,000 after acquiring an additional 491 shares during the period. CWM LLC increased its stake in Upbound Group by 35.5% during the 1st quarter. CWM LLC now owns 1,880 shares of the company's stock worth $45,000 after acquiring an additional 493 shares during the period. Louisiana State Employees Retirement System increased its stake in Upbound Group by 2.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 24,100 shares of the company's stock worth $577,000 after acquiring an additional 600 shares during the period. State of Alaska Department of Revenue increased its stake in Upbound Group by 2.5% during the 1st quarter. State of Alaska Department of Revenue now owns 28,301 shares of the company's stock worth $678,000 after acquiring an additional 692 shares during the period. Finally, Walleye Capital LLC increased its stake in Upbound Group by 10.0% during the 1st quarter. Walleye Capital LLC now owns 9,819 shares of the company's stock worth $235,000 after acquiring an additional 893 shares during the period. Institutional investors own 90.30% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Upbound Group from a "hold" rating to a "buy" rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Upbound Group presently has an average rating of "Moderate Buy" and a consensus price target of $34.50.

Insiders Place Their Bets

In other news, Director Jeffrey J. Brown acquired 1,653 shares of Upbound Group stock in a transaction that occurred on Tuesday, July 8th. The shares were acquired at an average price of $25.90 per share, for a total transaction of $42,812.70. Following the transaction, the director directly owned 89,400 shares of the company's stock, valued at approximately $2,315,460. The trade was a 1.88% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is owned by corporate insiders.

Upbound Group Price Performance

Shares of UPBD traded down $0.45 during midday trading on Monday, hitting $25.41. The company's stock had a trading volume of 506,569 shares, compared to its average volume of 681,802. Upbound Group, Inc. has a one year low of $19.65 and a one year high of $36.00. The company's fifty day simple moving average is $24.45 and its two-hundred day simple moving average is $24.17. The company has a quick ratio of 0.83, a current ratio of 3.11 and a debt-to-equity ratio of 2.29. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 14.28 and a beta of 1.77.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.07. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the company posted $1.04 EPS. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. As a group, equities analysts expect that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Upbound Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, June 17th. This represents a $1.56 dividend on an annualized basis and a yield of 6.1%. Upbound Group's payout ratio is currently 87.64%.

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.