Quantbot Technologies LP Sells 45,795 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Quantbot Technologies LP lessened its stake in Upbound Group, Inc. (NASDAQ:UPBD) by 69.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,382 shares of the company’s stock after selling 45,795 shares during the period. Quantbot Technologies LP’s holdings in Upbound Group were worth $595,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UPBD. Teacher Retirement System of Texas boosted its holdings in Upbound Group by 135.1% in the fourth quarter. Teacher Retirement System of Texas now owns 103,978 shares of the company’s stock valued at $3,033,000 after acquiring an additional 59,746 shares during the last quarter. First National Advisers LLC lifted its position in shares of Upbound Group by 2.6% during the 4th quarter. First National Advisers LLC now owns 66,910 shares of the company’s stock valued at $1,952,000 after acquiring an additional 1,674 shares during the period. Natixis Advisors LLC lifted its position in shares of Upbound Group by 524.6% during the 4th quarter. Natixis Advisors LLC now owns 64,282 shares of the company’s stock valued at $1,875,000 after acquiring an additional 53,991 shares during the period. Vestcor Inc bought a new position in Upbound Group during the fourth quarter worth $174,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Upbound Group in the fourth quarter worth $613,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Upbound Group

In other Upbound Group news, CFO Fahmi Karam bought 11,500 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were purchased 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. This represents a 7.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey J. Brown bought 1,146 shares of Upbound Group stock in a transaction dated Tuesday, January 7th. The stock was acquired at an average cost of $29.01 per share, with a total value of $33,245.46. Following the completion of the acquisition, the director now owns 86,380 shares of the company’s stock, valued at $2,505,883.80. This represents a 1.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.70% of the company’s stock.

Upbound Group Trading Down 1.6 %

NASDAQ:UPBD opened at $24.42 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86. Upbound Group, Inc. has a one year low of $23.35 and a one year high of $38.72. The company has a market cap of $1.40 billion, a PE ratio of 11.05 and a beta of 2.01. The firm has a 50-day moving average of $27.35 and a 200-day moving average of $29.60.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates 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%. As a group, equities research analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend is Wednesday, April 2nd. Upbound Group’s dividend payout ratio is 70.59%.

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.