Trajan Wealth LLC Takes $200,000 Position in Upbound Group, Inc. (NASDAQ:UPBD)

Trajan Wealth LLC bought a new position in Upbound Group, Inc. (NASDAQ:UPBD) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,265 shares of the company’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPBD. State of Alaska Department of Revenue grew its position in Upbound Group by 5.6% during the third quarter. State of Alaska Department of Revenue now owns 27,773 shares of the company’s stock valued at $888,000 after buying an additional 1,472 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Upbound Group by 4.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 23,500 shares of the company’s stock valued at $752,000 after acquiring an additional 1,000 shares during the period. Blue Trust Inc. grew its position in shares of Upbound Group by 40.1% during the 3rd quarter. Blue Trust Inc. now owns 1,566 shares of the company’s stock valued at $48,000 after acquiring an additional 448 shares during the period. Secure Asset Management LLC increased its stake in shares of Upbound Group by 22.5% in the 3rd quarter. Secure Asset Management LLC now owns 50,376 shares of the company’s stock valued at $1,612,000 after purchasing an additional 9,264 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in Upbound Group in the 3rd quarter worth about $192,000. 90.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UPBD has been the subject of a number of recent analyst reports. Loop Capital restated a “hold” rating and issued a $36.00 price objective on shares of Upbound Group in a research report on Friday, September 13th. Jefferies Financial Group dropped their price target on shares of Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Upbound Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Upbound Group Stock Performance

NASDAQ UPBD opened at $27.08 on Thursday. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.96 and a quick ratio of 0.84. The stock’s 50 day simple moving average is $30.47 and its 200-day simple moving average is $31.48. The company has a market cap of $1.48 billion, a PE ratio of 27.28 and a beta of 2.00. Upbound Group, Inc. has a 1-year low of $25.17 and a 1-year high of $38.72.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.03 billion. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 EPS. As a group, equities research analysts anticipate that Upbound Group, Inc. will post 3.67 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.48 dividend on an annualized basis and a yield of 5.47%. Upbound Group’s payout ratio is presently 151.02%.

Insider Activity at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown bought 1,065 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were acquired at an average cost of $29.25 per share, with a total value of $31,151.25. Following the purchase, the director now directly owns 85,234 shares of the company’s stock, valued at $2,493,094.50. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Jeffrey J. Brown bought 1,065 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average cost of $29.25 per share, with a total value of $31,151.25. Following the purchase, the director now directly owns 85,234 shares of the company’s stock, valued at $2,493,094.50. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ralph T. Montrone sold 15,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $32.48, for a total transaction of $487,200.00. Following the transaction, the executive vice president now directly owns 40,074 shares in the company, valued at approximately $1,301,603.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

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.