Upbound Group, Inc. $UPBD Shares Bought by Algert Global LLC

Key Points

• Algert Global increased its Upbound Group position by 93% in the second quarter, purchasing 52,788 additional shares for a total of 109,568 shares valued at approximately $2.33 million. Institutional investors and hedge funds collectively own 90.3% of the company.
• Insider activity was mixed: Director Jeffrey J. Brown bought 2,295 shares, while EVP Anthony J. Blasquez sold 10,000 shares. Company insiders own 1.2% of Upbound Group.
• Analyst sentiment remains cautious, with the stock carrying a consensus “Hold” rating and a $30.67 price target. Upbound reported quarterly EPS of $1.07, slightly beating estimates, and pays a $0.39 quarterly dividend, equivalent to an 8.1% yield.

Algert Global LLC raised its position in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 93.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,568 shares of the company's stock after purchasing an additional 52,788 shares during the period. Algert Global LLC owned 0.19% of Upbound Group worth $2,325,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP boosted its position in shares of Upbound Group by 913.1% during the 3rd quarter. Quarry LP now owns 1,388 shares of the company's stock worth $33,000 after acquiring an additional 1,251 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Upbound Group by 238.3% in the fourth quarter. Hantz Financial Services Inc. now owns 1,448 shares of the company's stock valued at $25,000 after purchasing an additional 1,020 shares in the last quarter. Quantbot Technologies LP purchased a new position in Upbound Group in the second quarter valued at approximately $46,000. Allworth Financial LP purchased a new position in Upbound Group in the second quarter valued at approximately $50,000. Finally, GAMMA Investing LLC raised its holdings in Upbound Group by 18.2% during the second quarter. GAMMA Investing LLC now owns 3,360 shares of the company's stock worth $71,000 after purchasing an additional 518 shares in the last quarter. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Upbound Group

In related news, Director Jeffrey J. Brown purchased 2,295 shares of the business's stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average price of $20.09 per share, for a total transaction of $46,106.55. Following the completion of the purchase, the director directly owned 96,681 shares of the company's stock, valued at $1,942,321.29. This trade represents a 2.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anthony J. Blasquez sold 10,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $18.85, for a total value of $188,500.00. Following the sale, the executive vice president directly owned 43,717 shares of the company's stock, valued at approximately $824,065.45. This represents a 18.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on UPBD shares. Weiss Ratings upgraded shares of Upbound Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday. Wall Street Zen downgraded shares of Upbound Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Zacks Research lowered shares of Upbound Group from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. BTIG Research cut shares of Upbound Group from a "buy" rating to a "neutral" rating and set a $28.00 price target for the company. in a research report on Friday, July 31st. Finally, TD Cowen decreased their price objective on shares of Upbound Group from $29.00 to $28.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $30.67.

Upbound Group Stock Performance

Shares of UPBD opened at $19.22 on Friday. The company's 50 day simple moving average is $20.18 and its 200-day simple moving average is $19.38. The firm has a market cap of $1.12 billion, a PE ratio of 12.48 and a beta of 1.79. Upbound Group, Inc. has a 12-month low of $15.82 and a 12-month high of $28.02. The company has a current ratio of 3.22, a quick ratio of 0.97 and a debt-to-equity ratio of 1.94.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.05 by $0.02. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. Upbound Group's revenue for the quarter was up .5% on a year-over-year basis. Upbound Group has set its FY 2026 guidance at 4.000-4.350 EPS and its Q3 2026 guidance at 0.850-0.950 EPS. As a group, equities analysts predict that Upbound Group, Inc. will post 4.15 EPS for the current year.

Upbound Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 16th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 8.1%. The ex-dividend date was Tuesday, June 16th. Upbound Group's dividend payout ratio (DPR) is 101.30%.

About Upbound Group

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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.

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