PROG Holdings, Inc $PRG Shares Sold by Whetstone Capital Advisors LLC

Whetstone Capital Advisors LLC lowered its stake in shares of PROG Holdings, Inc (NYSE:PRG) by 31.7% in the fourth quarter, HoldingsChannel reports. The fund owned 182,672 shares of the fintech holding company’s stock after selling 84,969 shares during the quarter. PROG makes up about 1.7% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 15th largest position. Whetstone Capital Advisors LLC’s holdings in PROG were worth $5,387,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of PRG. Quarry LP increased its stake in shares of PROG by 82.8% during the 4th quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock valued at $33,000 after acquiring an additional 506 shares during the last quarter. Federation des caisses Desjardins du Quebec acquired a new position in shares of PROG during the 4th quarter valued at about $44,000. GAMMA Investing LLC increased its stake in shares of PROG by 45.3% during the 4th quarter. GAMMA Investing LLC now owns 1,806 shares of the fintech holding company’s stock valued at $53,000 after acquiring an additional 563 shares during the last quarter. WealthCollab LLC increased its stake in shares of PROG by 61.9% during the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock valued at $61,000 after acquiring an additional 800 shares during the last quarter. Finally, CWM LLC increased its stake in shares of PROG by 15.2% during the 4th quarter. CWM LLC now owns 6,057 shares of the fintech holding company’s stock valued at $179,000 after acquiring an additional 799 shares during the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Stephens upped their price objective on shares of PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a research note on Thursday, April 30th. B. Riley Financial reaffirmed a “buy” rating on shares of PROG in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of PROG from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Wall Street Zen cut PROG from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, TD Cowen boosted their target price on PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, PROG currently has an average rating of “Moderate Buy” and an average target price of $43.70.

PROG Stock Down 0.2%

Shares of NYSE:PRG opened at $38.44 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.41 and a current ratio of 4.27. PROG Holdings, Inc has a 1 year low of $25.80 and a 1 year high of $41.14. The stock has a market capitalization of $1.54 billion, a P/E ratio of 10.50 and a beta of 1.82. The stock has a 50-day simple moving average of $33.37 and a 200-day simple moving average of $32.20.

PROG (NYSE:PRG) last released its quarterly earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.46. The firm had revenue of $742.67 million during the quarter, compared to analysts’ expectations of $732.70 million. PROG had a return on equity of 21.94% and a net margin of 5.88%.PROG’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Equities analysts forecast that PROG Holdings, Inc will post 4.7 earnings per share for the current year.

PROG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, May 19th. PROG’s dividend payout ratio is currently 15.30%.

PROG Profile

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.