Upbound Group, Inc. (NASDAQ:UPBD) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 22,181 shares of the company’s stock after selling 670 shares during the period. Yousif Capital Management LLC’s holdings in Upbound Group were worth $753,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in UPBD. FMR LLC purchased a new stake in shares of Upbound Group during the third quarter worth about $182,465,000. Vanguard Group Inc. acquired a new position in shares of Upbound Group during the third quarter valued at approximately $170,877,000. Ieq Capital LLC purchased a new position in shares of Upbound Group in the third quarter valued at approximately $42,184,000. LSV Asset Management acquired a new stake in shares of Upbound Group in the third quarter worth approximately $31,886,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Upbound Group during the third quarter worth approximately $26,094,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Upbound Group news, Director Jeffrey J. Brown purchased 991 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were acquired at an average price of $30.68 per share, with a total value of $30,403.88. Following the purchase, the director now directly owns 83,138 shares in the company, valued at approximately $2,550,673.84. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Jeffrey J. Brown acquired 991 shares of Upbound Group stock in a transaction that occurred on Monday, April 22nd. The shares were purchased at an average cost of $30.68 per share, for a total transaction of $30,403.88. Following the acquisition, the director now owns 83,138 shares in the company, valued at $2,550,673.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anthony J. Blasquez sold 12,485 shares of Upbound Group stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $33.18, for a total transaction of $414,252.30. Following the sale, the executive vice president now owns 58,967 shares of the company’s stock, valued at $1,956,525.06. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on UPBD shares. KeyCorp lifted their target price on shares of Upbound Group from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. TD Cowen assumed coverage on shares of Upbound Group in a research report on Friday, March 8th. They set an “outperform” rating and a $43.00 price target on the stock. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $38.17.

Upbound Group Stock Up 1.3 %

Shares of UPBD opened at $30.77 on Monday. Upbound Group, Inc. has a 52-week low of $25.00 and a 52-week high of $36.17. The company has a quick ratio of 0.65, a current ratio of 3.12 and a debt-to-equity ratio of 2.23. The stock has a fifty day simple moving average of $32.84 and a two-hundred day simple moving average of $31.92. The company has a market capitalization of $1.68 billion, a PE ratio of -66.89, a price-to-earnings-growth ratio of 4.03 and a beta of 1.99.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Upbound Group had a negative net margin of 0.61% and a positive return on equity of 33.40%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. Upbound Group’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities analysts forecast that Upbound Group, Inc. will post 3.76 EPS for the current year.

Upbound Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Wednesday, April 3rd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date was Tuesday, April 2nd. Upbound Group’s dividend payout ratio is presently -321.74%.

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.