Dean Capital Management boosted its stake in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG – Free Report) by 2.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 41,669 shares of the company’s stock after purchasing an additional 1,064 shares during the period. Dean Capital Management’s holdings in Aaron’s were worth $1,108,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its position in Aaron’s by 785.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company’s stock valued at $28,000 after buying an additional 927 shares during the period. PNC Financial Services Group Inc. grew its position in Aaron’s by 13.8% during the first quarter. PNC Financial Services Group Inc. now owns 3,411 shares of the company’s stock valued at $91,000 after buying an additional 413 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Aaron’s during the first quarter valued at about $215,000. Headlands Technologies LLC grew its position in Aaron’s by 1,522.8% during the first quarter. Headlands Technologies LLC now owns 8,098 shares of the company’s stock valued at $215,000 after buying an additional 7,599 shares during the period. Finally, State of Wyoming grew its position in Aaron’s by 41.9% during the first quarter. State of Wyoming now owns 8,078 shares of the company’s stock valued at $215,000 after buying an additional 2,384 shares during the period. Institutional investors own 97.92% of the company’s stock.
Aaron’s Trading Down 1.3%
Shares of PRG opened at $35.03 on Wednesday. The firm’s 50 day simple moving average is $32.25 and its 200 day simple moving average is $29.24. The company has a market capitalization of $1.38 billion, a P/E ratio of 6.92 and a beta of 1.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.71 and a quick ratio of 2.82. Aaron’s Holdings Company, Inc. has a 1-year low of $23.50 and a 1-year high of $50.28.
Aaron’s Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th were given a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.5%. Aaron’s’s dividend payout ratio is currently 10.28%.
Analyst Ratings Changes
PRG has been the topic of several recent research reports. BTIG Research downgraded shares of Aaron’s from a “neutral” rating to a “sell” rating and set a $24.00 price objective on the stock. in a report on Monday, July 14th. Wall Street Zen raised shares of Aaron’s from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Aaron’s has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.
View Our Latest Report on Aaron’s
About Aaron’s
PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.
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