Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) CEO Fahmi Karam purchased 12,165 shares of the business's stock in a transaction dated Thursday, November 5th. The stock was bought at an average price of $24.66 per share, for a total transaction of $299,988.90. Following the completion of the acquisition, the chief executive officer owned 271,077 shares of the company's stock, valued at approximately $6,684,758.82. The trade was a 4.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
Fahmi Karam also recently made the following trade(s):
- On Tuesday, November 3rd, Fahmi Karam purchased 4,407 shares of Upbound Group stock. The stock was bought at an average cost of $22.71 per share, for a total transaction of $100,082.97.
Upbound Group Trading Up 1.8%
UPBD stock opened at $24.68 on Tuesday. Upbound Group, Inc. has a 12 month low of $14.98 and a 12 month high of $25.29. The firm's 50-day moving average is $17.79 and its 200 day moving average is $19.01. The company has a market capitalization of $1.44 billion, a PE ratio of 5.79 and a beta of 1.80. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.17 and a quick ratio of 0.97.
Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.01 earnings per share (EPS) for the quarter, beating 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%. The firm's quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 EPS. On average, research analysts anticipate that Upbound Group, Inc. will post 4.22 EPS for the current year.
Upbound Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 27th. Stockholders of record on Tuesday, October 6th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.3%. Upbound Group's dividend payout ratio (DPR) is 82.11%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. BTIG Research lowered 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. Wall Street Zen downgraded Upbound Group from a "buy" rating to a "hold" rating in a report on Saturday, October 24th. Weiss Ratings lowered Upbound Group from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, September 21st. Zacks Research upgraded Upbound Group from a "strong sell" rating to a "hold" rating in a report on Monday, September 28th. Finally, TD Cowen dropped their price target on Upbound Group from $27.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, October 30th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $27.00.
Get Our Latest Research Report on Upbound Group
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc bought a new stake in Upbound Group during the 2nd quarter valued at $2,504,000. Venture Visionary Partners LLC increased its holdings in shares of Upbound Group by 72.8% in the 3rd quarter. Venture Visionary Partners LLC now owns 157,858 shares of the company's stock valued at $2,478,000 after acquiring an additional 66,491 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Upbound Group in the 2nd quarter worth $3,868,000. Sei Investments Co. raised its position in shares of Upbound Group by 249.0% in the 1st quarter. Sei Investments Co. now owns 244,848 shares of the company's stock worth $4,419,000 after acquiring an additional 174,682 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Upbound Group in the 2nd quarter worth $6,251,000. Hedge funds and other institutional investors own 90.30% of the company's stock.
About Upbound Group
(
Get Free Report)
Upbound Group, Inc is a provider of consumer leasing and retail solutions, operating primarily through its Rent-A-Center and Acima brands. The company enables customers to obtain merchandise through flexible lease-to-own agreements and related payment options, serving consumers who may prefer alternatives to traditional retail financing.
Its Rent-A-Center business operates company-owned and franchised locations, as well as digital channels, offering furniture, appliances, electronics, computers, smartphones and other household goods.
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