Trajan Wealth LLC Buys Shares of 6,265 Upbound Group, Inc. (NASDAQ:UPBD)

Trajan Wealth LLC bought a new stake in shares of Upbound Group, Inc. (NASDAQ:UPBD) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,265 shares of the company’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPBD. CoreCap Advisors LLC purchased a new stake in Upbound Group in the second quarter worth $606,000. Interval Partners LP lifted its holdings in Upbound Group by 155.1% during the 1st quarter. Interval Partners LP now owns 96,131 shares of the company’s stock valued at $3,385,000 after buying an additional 58,442 shares in the last quarter. Edgestream Partners L.P. boosted its position in Upbound Group by 78.4% in the 1st quarter. Edgestream Partners L.P. now owns 137,031 shares of the company’s stock valued at $4,825,000 after buying an additional 60,203 shares during the period. ClariVest Asset Management LLC grew its stake in Upbound Group by 36,691.7% in the 1st quarter. ClariVest Asset Management LLC now owns 30,905 shares of the company’s stock worth $1,088,000 after acquiring an additional 30,821 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Upbound Group by 3.6% during the first quarter. Vanguard Group Inc. now owns 6,005,494 shares of the company’s stock worth $211,453,000 after acquiring an additional 209,422 shares during the period. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on UPBD shares. Loop Capital reissued a “hold” rating and issued a $36.00 price objective on shares of Upbound Group in a research note on Friday, September 13th. Jefferies Financial Group lowered their target price on Upbound Group from $37.00 to $35.00 and set a “hold” rating for the company in a report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Insiders Place Their Bets

In related news, Director Jeffrey J. Brown purchased 1,065 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average price of $29.25 per share, with a total value of $31,151.25. Following the completion of the acquisition, the director now owns 85,234 shares in the company, valued at approximately $2,493,094.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Jeffrey J. Brown bought 1,065 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were purchased at an average cost of $29.25 per share, with a total value of $31,151.25. Following the transaction, the director now directly owns 85,234 shares in the company, valued at approximately $2,493,094.50. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Transient C. Taylor sold 15,127 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $34.00, for a total value of $514,318.00. Following the completion of the transaction, the executive vice president now owns 14,651 shares of the company’s stock, valued at $498,134. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

Upbound Group Stock Performance

Shares of UPBD stock opened at $27.08 on Thursday. The company has a current ratio of 3.96, a quick ratio of 0.84 and a debt-to-equity ratio of 2.21. The company has a market cap of $1.48 billion, a PE ratio of 27.28 and a beta of 2.00. Upbound Group, Inc. has a 12-month low of $25.17 and a 12-month high of $38.72. The business’s fifty day simple moving average is $30.47 and its 200-day simple moving average is $31.48.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business posted $1.11 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. Analysts expect that Upbound Group, Inc. will post 3.67 earnings per share for the current fiscal year.

Upbound Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend was Tuesday, October 1st. Upbound Group’s dividend payout ratio (DPR) is presently 151.02%.

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.