SG Americas Securities LLC raised its stake in Aaron’s Holdings Company, Inc. (NYSE:PRG – Free Report) by 113.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,807 shares of the company’s stock after acquiring an additional 21,698 shares during the quarter. SG Americas Securities LLC owned approximately 0.10% of Aaron’s worth $1,203,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Aaron’s by 45.3% during the 4th quarter. GAMMA Investing LLC now owns 1,806 shares of the company’s stock worth $53,000 after buying an additional 563 shares during the period. WealthCollab LLC raised its stake in shares of Aaron’s by 61.9% during the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock worth $61,000 after buying an additional 800 shares during the period. CWM LLC raised its stake in shares of Aaron’s by 85.1% during the 3rd quarter. CWM LLC now owns 5,258 shares of the company’s stock worth $170,000 after buying an additional 2,417 shares during the period. Cim Investment Management Inc. acquired a new position in shares of Aaron’s during the 2nd quarter worth approximately $191,000. Finally, Aquatic Capital Management LLC acquired a new position in shares of Aaron’s during the 3rd quarter worth approximately $204,000. 97.92% of the stock is owned by institutional investors and hedge funds.
Aaron’s Stock Down 3.0%
NYSE PRG opened at $27.66 on Wednesday. The business has a fifty day moving average price of $32.11 and a 200 day moving average price of $31.06. Aaron’s Holdings Company, Inc. has a one year low of $23.53 and a one year high of $41.14. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.32 and a current ratio of 4.71. The company has a market cap of $1.09 billion, a P/E ratio of 7.68 and a beta of 1.81.
Aaron’s Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Thursday, March 12th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, March 12th. This is an increase from Aaron’s’s previous quarterly dividend of $0.13. Aaron’s’s dividend payout ratio (DPR) is currently 15.56%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on PRG shares. B. Riley Financial started coverage on Aaron’s in a research note on Tuesday, December 16th. They set a “buy” rating and a $50.00 target price for the company. Zacks Research raised Aaron’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Wall Street Zen raised Aaron’s from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Aaron’s in a research note on Thursday, January 22nd. Finally, TD Cowen increased their price objective on Aaron’s from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Aaron’s has an average rating of “Buy” and an average price target of $41.80.
Get Our Latest Stock Analysis on Aaron’s
Aaron’s Profile
PROG Holdings, Inc (NYSE: PRG), formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.
The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.
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