Ieq Capital LLC Purchases New Shares in Upbound Group, Inc. $UPBD

Ieq Capital LLC acquired a new stake in Upbound Group, Inc. (NASDAQ:UPBD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,770,257 shares of the company’s stock, valued at approximately $37,565,000. Ieq Capital LLC owned 3.04% of Upbound Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the business. Hantz Financial Services Inc. increased its position in Upbound Group by 238.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,448 shares of the company’s stock valued at $25,000 after acquiring an additional 1,020 shares during the period. Quarry LP raised its stake in Upbound Group by 913.1% during the 3rd quarter. Quarry LP now owns 1,388 shares of the company’s stock valued at $33,000 after acquiring an additional 1,251 shares during the last quarter. Allworth Financial LP acquired a new stake in Upbound Group during the 2nd quarter worth approximately $50,000. Public Employees Retirement System of Ohio grew its stake in shares of Upbound Group by 18.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,400 shares of the company’s stock valued at $60,000 after purchasing an additional 535 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Upbound Group by 49.9% in the first quarter. PNC Financial Services Group Inc. now owns 3,685 shares of the company’s stock valued at $67,000 after purchasing an additional 1,226 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

Upbound Group Stock Up 1.4%

UPBD opened at $18.80 on Friday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 3.22. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 12.21 and a beta of 1.79. Upbound Group, Inc. has a one year low of $15.82 and a one year high of $28.02. The business’s fifty day moving average is $20.09 and its two-hundred day moving average is $19.41.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company earned $1.12 EPS. Upbound Group has set its FY 2026 guidance at 4.000-4.350 EPS and its Q3 2026 guidance at 0.850-0.950 EPS. Analysts anticipate that Upbound Group, Inc. will post 4.15 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend was Tuesday, June 16th. Upbound Group’s dividend payout ratio (DPR) is 101.30%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on UPBD shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Upbound Group in a report on Wednesday, June 24th. Zacks Research downgraded shares of Upbound Group from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Wall Street Zen cut shares of Upbound Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. TD Cowen cut their target price on Upbound Group from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, BTIG Research cut Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.67.

Insider Activity

In related news, Director Jeffrey J. Brown acquired 2,295 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average cost of $20.09 per share, for a total transaction of $46,106.55. Following the transaction, the director directly owned 96,681 shares of the company’s stock, valued at approximately $1,942,321.29. This trade represents a 2.43% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by corporate insiders.

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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.