Huber Capital Management LLC Raises Holdings in Upbound Group, Inc. (NASDAQ:UPBD)

Huber Capital Management LLC raised its stake in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 856,147 shares of the company’s stock after purchasing an additional 18,343 shares during the period. Upbound Group accounts for about 5.0% of Huber Capital Management LLC’s portfolio, making the stock its 2nd biggest position. Huber Capital Management LLC owned about 1.57% of Upbound Group worth $24,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. R Squared Ltd purchased a new stake in Upbound Group in the 4th quarter worth about $25,000. Blue Trust Inc. grew its stake in shares of Upbound Group by 45.0% during the fourth quarter. Blue Trust Inc. now owns 2,271 shares of the company’s stock valued at $73,000 after buying an additional 705 shares during the last quarter. Quarry LP raised its holdings in shares of 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 buying an additional 2,590 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Upbound Group by 12.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company’s stock worth $110,000 after buying an additional 429 shares during the period. Finally, Vestcor Inc purchased a new position in Upbound Group during the 4th quarter valued at $174,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Upbound Group Stock Up 0.2 %

NASDAQ:UPBD opened at $24.26 on Thursday. The stock has a market capitalization of $1.39 billion, a P/E ratio of 10.98 and a beta of 2.01. Upbound Group, Inc. has a fifty-two week low of $22.82 and a fifty-two week high of $38.72. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.86 and a current ratio of 3.66. The company’s 50-day simple moving average is $26.90 and its 200-day simple moving average is $29.42.

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

Upbound Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 6.43%. The ex-dividend date of this dividend is Wednesday, April 2nd. Upbound Group’s dividend payout ratio is presently 70.59%.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown acquired 1,146 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were purchased at an average price of $29.01 per share, for a total transaction of $33,245.46. Following the completion of the purchase, the director now directly owns 86,380 shares of the company’s stock, valued at $2,505,883.80. The trade was a 1.34 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Fahmi Karam bought 11,500 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $25.82 per share, for a total transaction of $296,930.00. Following the purchase, the chief financial officer now directly owns 164,672 shares of the company’s stock, valued at approximately $4,251,831.04. The trade was a 7.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Loop Capital reduced their price target on shares of Upbound Group from $33.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.00.

Upbound Group 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.