Fuller & Thaler Asset Management Inc. Increases Position in Upbound Group, Inc. (NASDAQ:UPBD)

Fuller & Thaler Asset Management Inc. grew its holdings in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 799,757 shares of the company's stock after purchasing an additional 105,380 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 1.46% of Upbound Group worth $23,329,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of UPBD. Barclays PLC raised its position in shares of Upbound Group by 42.5% during the 3rd quarter. Barclays PLC now owns 316,225 shares of the company's stock valued at $10,116,000 after buying an additional 94,333 shares in the last quarter. Virtu Financial LLC purchased a new position in Upbound Group in the 3rd quarter worth approximately $229,000. Franklin Resources Inc. boosted its position in Upbound Group by 29.0% during the 3rd quarter. Franklin Resources Inc. now owns 32,791 shares of the company's stock valued at $963,000 after buying an additional 7,372 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Upbound Group by 130.3% in the third quarter. JPMorgan Chase & Co. now owns 182,397 shares of the company's stock worth $5,835,000 after purchasing an additional 103,212 shares during the last quarter. Finally, Moody National Bank Trust Division purchased a new position in shares of Upbound Group during the fourth quarter valued at approximately $241,000. 90.30% of the stock is owned by institutional investors.

Insider Activity at Upbound Group

In related news, CFO Fahmi Karam purchased 11,500 shares of the business's stock in a transaction on Monday, March 10th. The shares were acquired at an average price of $25.82 per share, for a total transaction of $296,930.00. Following the purchase, the chief financial officer now owns 164,672 shares of the company's stock, valued at $4,251,831.04. This trade represents a 7.51 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey J. Brown acquired 1,694 shares of the firm's stock in a transaction on Tuesday, April 22nd. The shares were acquired at an average price of $19.89 per share, with a total value of $33,693.66. Following the completion of the purchase, the director now owns 88,074 shares in the company, valued at approximately $1,751,791.86. This trade represents a 1.96 % increase in their position. The disclosure for this purchase can be found here. 2.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Loop Capital lowered their price target on Upbound Group from $33.00 to $30.00 and set a "hold" rating for the company in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $37.00.

Upbound Group Stock Performance

UPBD traded down $0.55 during midday trading on Wednesday, hitting $20.00. 189,392 shares of the company traded hands, compared to its average volume of 496,229. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.08. Upbound Group, Inc. has a 52 week low of $19.69 and a 52 week high of $38.72. The firm has a market capitalization of $1.16 billion, a PE ratio of 9.05 and a beta of 1.90. The company's 50-day moving average is $23.34 and its 200 day moving average is $28.08.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.06 billion. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. On average, research analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Wednesday, April 2nd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date was Wednesday, April 2nd. Upbound Group's payout ratio is 70.59%.

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.