Los Angeles Capital Management LLC Has $1.47 Million Stock Position in PROG Holdings, Inc. (NYSE:PRG)

Los Angeles Capital Management LLC boosted its holdings in PROG Holdings, Inc. (NYSE:PRG) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,656 shares of the company’s stock after buying an additional 1,911 shares during the quarter. Los Angeles Capital Management LLC’s holdings in PROG were worth $1,473,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Qube Research & Technologies Ltd increased its holdings in shares of PROG by 284.5% during the third quarter. Qube Research & Technologies Ltd now owns 266,456 shares of the company’s stock worth $8,849,000 after buying an additional 197,152 shares in the last quarter. Cambria Investment Management L.P. increased its holdings in PROG by 1,451.8% in the 3rd quarter. Cambria Investment Management L.P. now owns 210,054 shares of the company’s stock worth $6,976,000 after purchasing an additional 196,518 shares in the last quarter. Assenagon Asset Management S.A. raised its position in PROG by 719.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 178,859 shares of the company’s stock valued at $5,529,000 after purchasing an additional 157,024 shares during the last quarter. Nomura Holdings Inc. grew its holdings in shares of PROG by 621.5% during the third quarter. Nomura Holdings Inc. now owns 144,294 shares of the company’s stock worth $4,792,000 after purchasing an additional 124,294 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its stake in shares of PROG by 198.7% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 169,738 shares of the company’s stock valued at $5,247,000 after buying an additional 112,907 shares during the period. 97.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PRG shares. TD Cowen lifted their target price on shares of PROG from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Loop Capital increased their target price on shares of PROG from $31.00 to $35.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $39.60.

PROG Trading Up 0.8 %

NYSE PRG opened at $34.90 on Wednesday. The stock has a market capitalization of $1.51 billion, a P/E ratio of 14.24 and a beta of 2.06. The business has a 50 day simple moving average of $32.77 and a 200 day simple moving average of $30.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.91 and a quick ratio of 1.83. PROG Holdings, Inc. has a one year low of $26.39 and a one year high of $44.81.

PROG (NYSE:PRG) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. PROG had a net margin of 4.71% and a return on equity of 26.67%. The company had revenue of $641.87 million during the quarter, compared to the consensus estimate of $632.24 million. Research analysts expect that PROG Holdings, Inc. will post 3 earnings per share for the current year.

PROG Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.12 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.38%. PROG’s dividend payout ratio is presently 19.59%.

PROG Profile

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.