Headlands Technologies LLC Has $787,000 Position in Upbound Group, Inc. (NASDAQ:UPBD)

Headlands Technologies LLC boosted its position in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 57.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,978 shares of the company’s stock after buying an additional 9,816 shares during the quarter. Headlands Technologies LLC’s holdings in Upbound Group were worth $787,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Upbound Group by 2,864.5% during the 3rd quarter. Wellington Management Group LLP now owns 405,569 shares of the company’s stock worth $12,974,000 after acquiring an additional 391,888 shares during the last quarter. Geode Capital Management LLC increased its stake in Upbound Group by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,217,880 shares of the company’s stock valued at $38,968,000 after buying an additional 54,427 shares during the last quarter. Barclays PLC grew its holdings in shares of Upbound Group by 42.5% in the 3rd quarter. Barclays PLC now owns 316,225 shares of the company’s stock valued at $10,116,000 after acquiring an additional 94,333 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Upbound Group by 130.3% in the third quarter. JPMorgan Chase & Co. now owns 182,397 shares of the company’s stock valued at $5,835,000 after purchasing an additional 103,212 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Upbound Group by 2.2% in the third quarter. State Street Corp now owns 2,028,224 shares of the company’s stock valued at $64,883,000 after buying an additional 43,814 shares in the last quarter. Institutional investors own 90.30% of the company’s stock.

Upbound Group Price Performance

UPBD stock opened at $24.26 on Thursday. The company has a fifty day moving average price of $26.90 and a 200-day moving average price of $29.42. Upbound Group, Inc. has a 52-week low of $22.82 and a 52-week high of $38.72. The company has a market capitalization of $1.39 billion, a P/E ratio of 10.98 and a beta of 2.01. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.86 and a current ratio of 3.66.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. As a group, equities analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current 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 given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date of this dividend is Wednesday, April 2nd. Upbound Group’s payout ratio is 70.59%.

Analysts Set New Price Targets

Separately, Loop Capital dropped their price target on 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 MarketBeat.com, Upbound Group presently has an average rating of “Moderate Buy” and an average price target of $37.00.

Insider Activity

In other Upbound Group news, Director Jeffrey J. Brown purchased 1,146 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was purchased at an average price of $29.01 per share, for a total transaction of $33,245.46. Following the transaction, the director now owns 86,380 shares in the company, valued at $2,505,883.80. The trade was a 1.34 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Fahmi Karam purchased 11,500 shares of Upbound Group stock in a transaction on Monday, March 10th. The shares were acquired at an average price of $25.82 per share, for a total transaction of $296,930.00. Following the completion of the transaction, 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. Insiders own 2.70% of the company’s stock.

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.