Quest Partners LLC Sells 21,084 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Quest Partners LLC lessened its stake in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 75.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,682 shares of the company’s stock after selling 21,084 shares during the period. Quest Partners LLC’s holdings in Upbound Group were worth $214,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Ieq Capital LLC boosted its stake in shares of Upbound Group by 112.7% in the second quarter. Ieq Capital LLC now owns 4,827,021 shares of the company’s stock worth $148,190,000 after acquiring an additional 2,557,906 shares during the period. Marshall Wace LLP boosted its stake in shares of Upbound Group by 1,903.6% in the second quarter. Marshall Wace LLP now owns 395,888 shares of the company’s stock worth $12,154,000 after acquiring an additional 376,129 shares during the period. SG Capital Management LLC bought a new position in shares of Upbound Group in the first quarter worth about $12,198,000. Huber Capital Management LLC boosted its stake in shares of Upbound Group by 51.4% in the second quarter. Huber Capital Management LLC now owns 745,299 shares of the company’s stock worth $22,881,000 after acquiring an additional 253,104 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Upbound Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 6,005,494 shares of the company’s stock worth $211,453,000 after buying an additional 209,422 shares in the last quarter. Institutional investors own 90.30% of the company’s stock.

Upbound Group Stock Up 0.1 %

Shares of UPBD stock opened at $34.45 on Thursday. Upbound Group, Inc. has a 1-year low of $26.50 and a 1-year high of $38.72. The stock’s fifty day moving average price is $30.60 and its 200 day moving average price is $31.58. The company has a debt-to-equity ratio of 2.02, a current ratio of 3.66 and a quick ratio of 0.86. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 23.76 and a beta of 2.01.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Upbound Group had a return on equity of 34.15% and a net margin of 1.91%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 EPS. On average, research analysts expect that Upbound Group, Inc. will post 3.79 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were paid a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.48 annualized dividend and a dividend yield of 4.30%. Upbound Group’s dividend payout ratio is presently 102.07%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on UPBD shares. Stephens started coverage on Upbound Group in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 target price on the stock. Jefferies Financial Group decreased their target price on Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, October 1st. Finally, Loop Capital decreased their target price on Upbound Group from $36.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.17.

Insider Activity at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown purchased 1,065 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was purchased at an average price of $29.25 per share, for a total transaction of $31,151.25. Following the purchase, the director now directly owns 85,234 shares in the company, valued at approximately $2,493,094.50. This trade represents a 1.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by company 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.