Insider Buying: Upbound Group, Inc. (NASDAQ:UPBD) Director Purchases 991 Shares of Stock

Upbound Group, Inc. (NASDAQ:UPBD) Director Jeffrey J. Brown acquired 991 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was bought at an average cost of $30.68 per share, with a total value of $30,403.88. Following the completion of the transaction, the director now directly owns 83,138 shares in the company, valued at $2,550,673.84. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Upbound Group Stock Performance

NASDAQ:UPBD traded up $0.31 during midday trading on Wednesday, hitting $31.80. The company’s stock had a trading volume of 352,760 shares, compared to its average volume of 377,946. Upbound Group, Inc. has a fifty-two week low of $23.61 and a fifty-two week high of $36.17. The firm’s 50 day moving average is $33.07 and its 200-day moving average is $31.79. The company has a debt-to-equity ratio of 2.33, a current ratio of 3.12 and a quick ratio of 0.65. The firm has a market cap of $1.75 billion, a P/E ratio of -264.98, a P/E/G ratio of 4.06 and a beta of 2.01.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $994.27 million. Upbound Group had a negative net margin of 0.13% and a positive return on equity of 32.65%. Upbound Group’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. Equities analysts anticipate that Upbound Group, Inc. will post 3.76 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Wednesday, April 3rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.65%. Upbound Group’s payout ratio is -1,233.23%.

Institutional Investors Weigh In On Upbound Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wolff Wiese Magana LLC acquired a new stake in shares of Upbound Group during the 3rd quarter worth approximately $29,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Upbound Group during the 3rd quarter worth approximately $32,000. Clearstead Advisors LLC acquired a new stake in shares of Upbound Group during the 3rd quarter worth approximately $38,000. Bramshill Investments LLC acquired a new stake in shares of Upbound Group during the 3rd quarter worth approximately $43,000. Finally, CWM LLC acquired a new stake in shares of Upbound Group during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on UPBD shares. Stephens raised shares of Upbound Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 2nd. KeyCorp increased their price objective on shares of Upbound Group from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Finally, TD Cowen assumed coverage on shares of Upbound Group in a research report on Friday, March 8th. They issued an “outperform” rating and a $43.00 price objective for the company. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $38.17.

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.