Interval Partners LP Has $1.92 Million Holdings in Upbound Group, Inc. (NASDAQ:UPBD)

Interval Partners LP lifted its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,842 shares of the company's stock after purchasing an additional 11,781 shares during the quarter. Interval Partners LP owned approximately 0.12% of Upbound Group worth $1,921,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new position in shares of Upbound Group during the 4th quarter worth $25,000. Blue Trust Inc. grew its stake in Upbound Group by 45.0% in the 4th quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock valued at $73,000 after buying an additional 705 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Upbound Group by 12.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock valued at $110,000 after buying an additional 429 shares during the last quarter. Vestcor Inc acquired a new position in Upbound Group in the 4th quarter valued at $174,000. Finally, Freestone Grove Partners LP acquired a new position in Upbound Group in the 4th quarter valued at $221,000. Institutional investors and hedge funds own 90.30% of the company's stock.

Analyst Ratings Changes

UPBD has been the topic of a number of research analyst reports. Raymond James reiterated an "outperform" rating and issued a $35.00 target price (down from $40.00) on shares of Upbound Group in a research note on Friday, May 2nd. Loop Capital lowered their target price on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, February 21st. Two equities 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.60.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, CFO Fahmi Karam acquired 11,500 shares of Upbound Group stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $25.82 per share, with a total value of $296,930.00. Following the acquisition, the chief financial officer now owns 164,672 shares of the company's stock, valued at approximately $4,251,831.04. The trade was a 7.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey J. Brown acquired 21,730 shares of Upbound Group stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $23.75 per share, with a total value of $516,087.50. Following the completion of the acquisition, the director now directly owns 21,730 shares in the company, valued at $516,087.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 34,924 shares of company stock valued at $846,711 in the last ninety days. Company insiders own 2.70% of the company's stock.

Upbound Group Stock Performance

Upbound Group stock traded up $0.25 during mid-day trading on Friday, reaching $25.11. The company had a trading volume of 369,297 shares, compared to its average volume of 509,092. 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 company has a 50 day moving average of $22.88 and a 200-day moving average of $27.68. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 11.36 and a beta of 1.77.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.06. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the firm earned $0.79 EPS. The business's revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date was Wednesday, April 2nd. Upbound Group's dividend payout ratio (DPR) is presently 73.24%.

Upbound Group Company 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.