Walleye Capital LLC Takes $964,000 Position in Aaron's Holdings Company, Inc. $PRG

Key Points

• Walleye Capital LLC has taken a new position in Aaron's Holdings Company, acquiring 36,245 shares valued at approximately $964,000, bringing its total ownership to 0.09% of the company.
• Institutional investors now own 97.92% of Aaron's stock, with significant increases in holdings from firms such as Vanguard Group Inc., Allianz Asset Management GmbH, and Vulcan Value Partners LLC.
• Aaron's recently reported quarterly earnings of $1.02 EPS, surpassing estimates, and declared a quarterly dividend of $0.13, reflecting a 1.5% dividend yield.

Walleye Capital LLC bought a new stake in Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,245 shares of the company's stock, valued at approximately $964,000. Walleye Capital LLC owned 0.09% of Aaron's at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Aaron's by 1.4% in the first quarter. Vanguard Group Inc. now owns 5,005,577 shares of the company's stock valued at $133,148,000 after acquiring an additional 68,369 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of Aaron's by 16.3% in the first quarter. Allianz Asset Management GmbH now owns 907,100 shares of the company's stock worth $24,129,000 after purchasing an additional 127,384 shares during the last quarter. Vulcan Value Partners LLC grew its holdings in shares of Aaron's by 84.3% in the first quarter. Vulcan Value Partners LLC now owns 681,746 shares of the company's stock worth $18,134,000 after purchasing an additional 311,917 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Aaron's by 46.4% in the first quarter. Wellington Management Group LLP now owns 617,624 shares of the company's stock worth $16,429,000 after purchasing an additional 195,855 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Aaron's by 7.0% in the fourth quarter. Northern Trust Corp now owns 517,984 shares of the company's stock worth $21,890,000 after purchasing an additional 33,991 shares during the last quarter. Hedge funds and other institutional investors own 97.92% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PRG. BTIG Research cut shares of Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 price target on the stock. in a report on Monday, July 14th. Wall Street Zen upgraded shares of Aaron's from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.00.

Aaron's Trading Up 0.6%

NYSE:PRG opened at $35.21 on Friday. Aaron's Holdings Company, Inc. has a one year low of $23.50 and a one year high of $50.28. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.82 and a current ratio of 5.71. The firm has a market cap of $1.39 billion, a P/E ratio of 6.96 and a beta of 1.75. The firm has a 50-day simple moving average of $31.42 and a 200-day simple moving average of $29.34.

Aaron's (NYSE:PRG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.79 by $0.23. Aaron's had a net margin of 8.53% and a return on equity of 22.54%. The business had revenue of $604.66 million during the quarter, compared to analyst estimates of $586.25 million. During the same quarter in the previous year, the business posted $0.92 EPS. The company's quarterly revenue was up 2.1% compared to the same quarter last year. Aaron's has set its Q3 2025 guidance at 0.700-0.750 EPS. FY 2025 guidance at 3.200-3.350 EPS. Equities analysts anticipate that Aaron's Holdings Company, Inc. will post 3.45 EPS for the current fiscal year.

Aaron's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, August 19th. Aaron's's dividend payout ratio (DPR) is currently 10.28%.

About Aaron's

PROG Holdings, Inc NYSE: PRG is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.

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