Upbound Group (NASDAQ:UPBD) Director Glenn Marino Acquires 17,400 Shares of Company Stock

Upbound Group, Inc. (NASDAQ:UPBD) Director Glenn Marino purchased 17,400 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average cost of $22.61 per share, with a total value of $393,414.00. Following the completion of the purchase, the director owned 17,400 shares of the company’s stock, valued at $393,414. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Upbound Group Price Performance

Shares of UPBD stock opened at $24.14 on Thursday. Upbound Group, Inc. has a 52-week low of $14.98 and a 52-week high of $24.30. The stock has a market cap of $1.41 billion, a PE ratio of 5.39 and a beta of 1.80. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.97 and a current ratio of 3.17. The firm’s 50 day moving average price is $17.48 and its two-hundred day moving average price is $18.93.

Upbound Group (NASDAQ:UPBD) last issued its earnings results on Thursday, October 29th. The company reported $1.01 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 business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. As a group, analysts forecast that Upbound Group, Inc. will post 4.22 EPS for the current year.

Upbound Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 27th. Investors of record on Tuesday, October 6th were paid 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 6.5%. Upbound Group’s payout ratio is 82.11%.

Institutional Trading of Upbound Group

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in Upbound Group by 18.2% in the second quarter. GAMMA Investing LLC now owns 3,360 shares of the company’s stock valued at $71,000 after acquiring an additional 518 shares during the period. IFP Advisors Inc raised its position in shares of Upbound Group by 299.3% during the second quarter. IFP Advisors Inc now owns 1,214 shares of the company’s stock worth $26,000 after purchasing an additional 910 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Upbound Group by 49.9% during the first quarter. PNC Financial Services Group Inc. now owns 3,685 shares of the company’s stock worth $67,000 after purchasing an additional 1,226 shares during the period. Signaturefd LLC raised its position in shares of Upbound Group by 74.5% during the third quarter. Signaturefd LLC now owns 3,050 shares of the company’s stock worth $48,000 after purchasing an additional 1,302 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of Upbound Group by 223.5% during the 2nd quarter. Allworth Financial LP now owns 2,352 shares of the company’s stock valued at $50,000 after purchasing an additional 1,625 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Trending Headlines about Upbound Group

Here are the key news stories impacting Upbound Group this week:

• Positive Sentiment: Six directors and executives bought a combined approximately $1.24 million of UPBD shares on November 2–3, at prices ranging from $22.61 to $23.00. Several increased their holdings materially, a notable signal of insider confidence, though insider purchases alone do not guarantee future performance. SEC filing SEC filing SEC filing SEC filing SEC filing SEC filing
• Positive Sentiment: Recent quarterly results also provide support: Upbound reported EPS of $1.01, above the $0.91 consensus, and revenue of $1.15 billion, ahead of estimates. Revenue was still down 1.3% year over year. Zacks also highlighted UPBD as a long-term growth-stock candidate, though the article provides a broad stock-selection perspective rather than a new company-specific catalyst. Zacks article
• Negative Sentiment: A report says Upbound’s consensus price target fell 22.36% to MX$410.79, suggesting reduced analyst expectations. The quoted target is in Mexican pesos, so it is not directly comparable with UPBD’s U.S.-dollar share price. Price target article

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings lowered Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 21st. Zacks Research upgraded Upbound Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. BTIG Research cut Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a research note on Friday, July 31st. TD Cowen cut their price target on shares of Upbound Group from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Finally, Wall Street Zen downgraded shares of Upbound Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.00.

About Upbound Group

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.