GAMMA Investing LLC Acquires 2,108 Shares of Upbound Group, Inc. $UPBD

GAMMA Investing LLC increased its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 414.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,617 shares of the company’s stock after acquiring an additional 2,108 shares during the period. GAMMA Investing LLC’s holdings in Upbound Group were worth $66,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of UPBD. TD Private Client Wealth LLC grew its position in Upbound Group by 59.9% during the 1st quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company’s stock worth $31,000 after acquiring an additional 491 shares during the last quarter. CWM LLC grew its position in Upbound Group by 35.5% during the 1st quarter. CWM LLC now owns 1,880 shares of the company’s stock worth $45,000 after acquiring an additional 493 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Upbound Group by 179.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,912 shares of the company’s stock valued at $94,000 after buying an additional 2,512 shares during the last quarter. Palouse Capital Management Inc. boosted its position in Upbound Group by 64.3% in the 1st quarter. Palouse Capital Management Inc. now owns 6,623 shares of the company’s stock valued at $159,000 after buying an additional 2,592 shares during the last quarter. Finally, MQS Management LLC bought a new position in Upbound Group in the 1st quarter valued at $202,000. 90.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Upbound Group

In other news, Director Jeffrey J. Brown purchased 1,653 shares of the company’s stock in a transaction on Tuesday, July 8th. The shares were purchased at an average price of $25.90 per share, with a total value of $42,812.70. Following the purchase, the director directly owned 89,400 shares of the company’s stock, valued at $2,315,460. This trade represents a 1.88% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ralph T. Montrone sold 6,000 shares of Upbound Group stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $25.23, for a total value of $151,380.00. Following the completion of the sale, the executive vice president directly owned 49,123 shares in the company, valued at $1,239,373.29. This represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Upbound Group in a research report on Saturday, September 27th. Wall Street Zen upgraded Upbound Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Loop Capital upgraded Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Monday, September 15th. Finally, BTIG Research reiterated a “buy” rating and issued a $40.00 price objective on shares of Upbound Group in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $37.25.

Upbound Group Stock Performance

Shares of Upbound Group stock opened at $22.74 on Friday. The company has a market capitalization of $1.32 billion, a PE ratio of 12.78 and a beta of 1.77. Upbound Group, Inc. has a 12 month low of $19.65 and a 12 month high of $36.00. The company has a current ratio of 3.11, a quick ratio of 0.83 and a debt-to-equity ratio of 2.29. The stock’s fifty day simple moving average is $24.30 and its 200 day simple moving average is $24.01.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.05 by $0.07. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. On average, research analysts predict that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Upbound Group’s dividend payout ratio (DPR) is presently 87.64%.

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.