34,200 Shares in Upbound Group, Inc. (NASDAQ:UPBD) Acquired by Mork Capital Management LLC

Mork Capital Management LLC acquired a new stake in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,200 shares of the company's stock, valued at approximately $998,000. Mork Capital Management LLC owned 0.06% of Upbound Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in UPBD. Kennedy Capital Management LLC purchased a new stake in Upbound Group in the fourth quarter worth $10,214,000. Marshall Wace LLP lifted its position in Upbound Group by 333.9% during the fourth quarter. Marshall Wace LLP now owns 350,949 shares of the company's stock valued at $10,237,000 after buying an additional 270,064 shares during the period. Victory Capital Management Inc. lifted its position in Upbound Group by 171.9% during the fourth quarter. Victory Capital Management Inc. now owns 267,618 shares of the company's stock valued at $7,806,000 after buying an additional 169,197 shares during the period. Brandywine Global Investment Management LLC purchased a new position in Upbound Group during the fourth quarter valued at $4,883,000. Finally, Wellington Management Group LLP lifted its position in Upbound Group by 37.9% during the fourth quarter. Wellington Management Group LLP now owns 559,120 shares of the company's stock valued at $16,310,000 after buying an additional 153,551 shares during the period. Hedge funds and other institutional investors own 90.30% of the company's stock.

Insider Buying and Selling

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

Upbound Group Stock Up 1.0%

Shares of NASDAQ:UPBD traded up $0.25 on Friday, hitting $25.11. 369,297 shares of the company traded hands, compared to its average volume of 509,092. Upbound Group, Inc. has a 52 week low of $19.69 and a 52 week high of $38.72. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.08. The stock has a 50 day simple moving average of $22.88 and a 200-day simple moving average of $27.68. The company has a market cap of $1.45 billion, a PE ratio of 11.36 and a beta of 1.77.

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

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Wednesday, April 2nd were issued a $0.39 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.56 annualized dividend and a yield of 6.21%. Upbound Group's payout ratio is 73.24%.

Analysts Set New Price Targets

Several brokerages have commented on UPBD. Loop Capital lowered their price objective 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. Raymond James restated an "outperform" rating and set a $35.00 price target (down from $40.00) on shares of Upbound Group in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $36.60.

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.