Fox Run Management L.L.C. Sells 4,021 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Fox Run Management L.L.C. cut its position in Upbound Group, Inc. (NASDAQ:UPBD) by 22.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,217 shares of the company’s stock after selling 4,021 shares during the quarter. Fox Run Management L.L.C.’s holdings in Upbound Group were worth $415,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Upbound Group in the 4th quarter worth approximately $25,000. Blue Trust Inc. raised its position in Upbound Group by 45.0% in the 4th quarter. Blue Trust Inc. now owns 2,271 shares of the company’s stock valued at $73,000 after purchasing an additional 705 shares during the last quarter. Quarry LP boosted its stake in Upbound Group by 374.3% in the third quarter. Quarry LP now owns 3,282 shares of the company’s stock worth $105,000 after purchasing an additional 2,590 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Upbound Group by 12.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company’s stock worth $110,000 after purchasing an additional 429 shares during the last quarter. Finally, Vestcor Inc acquired a new stake in shares of Upbound Group in the fourth quarter valued at $174,000. 90.30% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Fahmi Karam acquired 11,500 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $25.82 per share, for a total transaction of $296,930.00. Following the completion of the acquisition, the chief financial officer now owns 164,672 shares in the company, valued at $4,251,831.04. This trade represents a 7.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey J. Brown bought 1,146 shares of the stock in a transaction on Tuesday, January 7th. The stock was purchased at an average cost of $29.01 per share, with a total value of $33,245.46. Following the purchase, the director now directly owns 86,380 shares of the company’s stock, valued at approximately $2,505,883.80. This represents a 1.34 % increase in their position. The disclosure for this purchase can be found here. 2.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on UPBD shares. Loop Capital decreased their price objective on shares of Upbound Group from $33.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, February 21st. TD Cowen raised shares of Upbound Group to a “strong-buy” rating in a research note on Friday, November 29th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Upbound Group Price Performance

Upbound Group stock opened at $24.80 on Wednesday. The business’s 50-day simple moving average is $27.54 and its 200 day simple moving average is $29.67. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.08. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 11.22 and a beta of 2.01. Upbound Group, Inc. has a 12-month low of $23.35 and a 12-month high of $38.72.

Upbound Group (NASDAQ:UPBD) last issued its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. As a group, research analysts anticipate that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Upbound Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Wednesday, April 2nd will be given a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.56 annualized dividend and a dividend yield of 6.29%. Upbound Group’s dividend payout ratio is currently 70.59%.

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.