Upbound Group (NASDAQ:UPBD) Stock: Insider Fahmi Karam Buys 12,165 Shares

Upbound Group, Inc. (NASDAQ:UPBD) CEO Fahmi Karam acquired 12,165 shares of the company’s stock in a transaction on Thursday, November 5th. The shares were purchased at an average cost of $24.66 per share, with a total value of $299,988.90. Following the completion of the acquisition, the chief executive officer directly owned 271,077 shares in the company, valued at approximately $6,684,758.82. The trade was a 4.70% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Fahmi Karam also recently made the following trade(s):

• On Tuesday, November 3rd, Fahmi Karam bought 4,407 shares of Upbound Group stock. The stock was acquired at an average cost of $22.71 per share, for a total transaction of $100,082.97.

Upbound Group Stock Down 0.1%

Shares of NASDAQ UPBD opened at $24.66 on Wednesday. The firm has a market capitalization of $1.44 billion, a PE ratio of 5.92 and a beta of 1.80. The company has a current ratio of 3.17, a quick ratio of 0.95 and a debt-to-equity ratio of 1.80. Upbound Group, Inc. has a 1 year low of $14.98 and a 1 year high of $25.29. The firm’s 50-day moving average is $17.92 and its 200-day moving average is $19.03.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.91 by $0.10. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Upbound Group had a net margin of 2.36% and a return on equity of 33.81%. Upbound Group’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.00 EPS. Equities analysts expect that Upbound Group, Inc. will post 4.22 EPS for the current year.

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 27th. Shareholders of record on Tuesday, October 6th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $1.56 dividend on an annualized basis and a yield of 6.3%. Upbound Group’s dividend payout ratio (DPR) is presently 82.11%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. BTIG Research cut shares of Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 target price for the company. in a research report on Friday, July 31st. TD Cowen cut their price target on Upbound Group from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. Zacks Research upgraded Upbound Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Wall Street Zen cut Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Finally, Weiss Ratings cut Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 21st. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $27.00.

Institutional Trading of Upbound Group

A number of hedge funds have recently modified their holdings of the company. IFP Advisors Inc boosted its stake in Upbound Group by 299.3% during the 2nd quarter. IFP Advisors Inc now owns 1,214 shares of the company’s stock worth $26,000 after acquiring an additional 910 shares during the last quarter. Quantbot Technologies LP bought a new stake in Upbound Group in the second quarter valued at approximately $46,000. Allworth Financial LP bought a new stake in Upbound Group in the second quarter valued at approximately $50,000. Signaturefd LLC increased its stake in Upbound Group by 74.5% in the third quarter. Signaturefd LLC now owns 3,050 shares of the company’s stock valued at $48,000 after purchasing an additional 1,302 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Upbound Group by 18.2% in the second quarter. GAMMA Investing LLC now owns 3,360 shares of the company’s stock worth $71,000 after purchasing an additional 518 shares during the period. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Upbound Group Company Profile

Upbound Group, Inc. provides lease-to-own and retail services through brands including Rent-A-Center and Acima. Its offerings let customers obtain merchandise through flexible payment arrangements, with the option to own items after completing the required payments. The company’s products include furniture, appliances, electronics, computers and smartphones. Rent-A-Center serves customers through company-operated stores and franchise locations, while Acima provides lease-to-own options through participating retail partners and online channels.