14,310 Shares in PROG Holdings, Inc. (NYSE:PRG) Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC acquired a new stake in shares of PROG Holdings, Inc. (NYSE:PRG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,310 shares of the company's stock, valued at approximately $605,000.

Other hedge funds also recently added to or reduced their stakes in the company. Lido Advisors LLC lifted its holdings in shares of PROG by 33.4% during the fourth quarter. Lido Advisors LLC now owns 8,648 shares of the company's stock worth $365,000 after purchasing an additional 2,164 shares during the period. Northern Trust Corp lifted its stake in shares of PROG by 7.0% in the 4th quarter. Northern Trust Corp now owns 517,984 shares of the company's stock worth $21,890,000 after acquiring an additional 33,991 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of PROG in the 4th quarter worth $323,000. Oberweis Asset Management Inc. boosted its holdings in shares of PROG by 13.2% in the fourth quarter. Oberweis Asset Management Inc. now owns 143,600 shares of the company's stock valued at $6,069,000 after acquiring an additional 16,800 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of PROG by 6.1% during the fourth quarter. MetLife Investment Management LLC now owns 25,190 shares of the company's stock worth $1,065,000 after acquiring an additional 1,451 shares during the period. 97.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PROG

In related news, Director Caroline Sio-Chin Sheu bought 1,650 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $28.01 per share, for a total transaction of $46,216.50. Following the acquisition, the director now owns 18,291 shares in the company, valued at $512,330.91. This represents a 9.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Douglas C. Curling purchased 10,000 shares of the business's stock in a transaction dated Friday, February 21st. The stock was bought at an average cost of $29.88 per share, with a total value of $298,800.00. Following the completion of the acquisition, the director now owns 45,913 shares of the company's stock, valued at approximately $1,371,880.44. The trade was a 27.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.21% of the company's stock.

Analysts Set New Price Targets

PRG has been the subject of a number of recent analyst reports. KeyCorp reduced their price objective on shares of PROG from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Jefferies Financial Group downgraded PROG from a "buy" rating to a "hold" rating and cut their target price for the stock from $58.00 to $29.00 in a research note on Wednesday, February 26th. Finally, Loop Capital reduced their price target on PROG from $45.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.83.

PROG Price Performance

PRG traded up $0.91 on Monday, hitting $28.82. 414,423 shares of the company were exchanged, compared to its average volume of 462,927. PROG Holdings, Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $50.28. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.34 and a current ratio of 5.24. The firm has a market capitalization of $1.16 billion, a P/E ratio of 6.35 and a beta of 1.81. The business's fifty day moving average is $26.53 and its 200 day moving average is $36.94.

PROG (NYSE:PRG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.82 by $0.08. PROG had a return on equity of 24.25% and a net margin of 8.01%. The business had revenue of $684.09 million for the quarter, compared to analyst estimates of $678.23 million. During the same quarter in the previous year, the company earned $0.91 EPS. The company's quarterly revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts anticipate that PROG Holdings, Inc. will post 3.45 EPS for the current year.

PROG Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, May 20th. PROG's dividend payout ratio is currently 10.66%.

About PROG

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.