Strs Ohio Sells 1,600 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Strs Ohio decreased its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,100 shares of the company’s stock after selling 1,600 shares during the quarter. Strs Ohio’s holdings in Upbound Group were worth $886,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of UPBD. Wolff Wiese Magana LLC bought a new stake in shares of Upbound Group during the 3rd quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Upbound Group during the third quarter worth $32,000. Clearstead Advisors LLC bought a new position in shares of Upbound Group in the 3rd quarter valued at $38,000. Bramshill Investments LLC acquired a new stake in shares of Upbound Group during the 3rd quarter valued at $43,000. Finally, CWM LLC bought a new stake in Upbound Group during the 3rd quarter worth $45,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Upbound Group Stock Performance

Upbound Group stock opened at $31.80 on Thursday. The firm has a 50 day moving average price of $33.05 and a two-hundred day moving average price of $31.79. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.65 and a current ratio of 3.12. Upbound Group, Inc. has a 52-week low of $23.61 and a 52-week high of $36.17.

Upbound Group (NASDAQ:UPBD) last released its earnings results on Thursday, February 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. Upbound Group had a negative net margin of 0.13% and a positive return on equity of 32.65%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $994.27 million. During the same quarter in the previous year, the business earned $0.86 earnings per share. Upbound Group’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities research analysts forecast that Upbound Group, Inc. will post 3.76 EPS for the current year.

Upbound Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Wednesday, April 3rd were issued a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 4.65%. Upbound Group’s payout ratio is currently -1,233.23%.

Insider Buying and Selling at Upbound Group

In other news, EVP Anthony J. Blasquez sold 12,485 shares of Upbound Group stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $33.18, for a total value of $414,252.30. Following the completion of the sale, the executive vice president now owns 58,967 shares in the company, valued at approximately $1,956,525.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jeffrey J. Brown bought 991 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was acquired at an average cost of $30.68 per share, with a total value of $30,403.88. Following the transaction, the director now directly owns 83,138 shares of the company’s stock, valued at approximately $2,550,673.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Anthony J. Blasquez sold 12,485 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $33.18, for a total value of $414,252.30. Following the completion of the transaction, the executive vice president now owns 58,967 shares in the company, valued at approximately $1,956,525.06. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on UPBD shares. TD Cowen began coverage on Upbound Group in a research report on Friday, March 8th. They issued an “outperform” rating and a $43.00 target price for the company. KeyCorp boosted their target price on shares of Upbound Group from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, Stephens raised shares of Upbound Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 2nd. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $38.17.

Upbound Group Company 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.