Fox Run Management L.L.C. Sells 4,021 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Fox Run Management L.L.C. reduced its stake in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 22.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,217 shares of the company’s stock after selling 4,021 shares during the period. Fox Run Management L.L.C.’s holdings in Upbound Group were worth $415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of Upbound Group by 2,864.5% in the 3rd quarter. Wellington Management Group LLP now owns 405,569 shares of the company’s stock valued at $12,974,000 after acquiring an additional 391,888 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Upbound Group by 171.9% in the fourth quarter. Victory Capital Management Inc. now owns 267,618 shares of the company’s stock valued at $7,806,000 after purchasing an additional 169,197 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Upbound Group in the fourth quarter worth $3,922,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Upbound Group during the 3rd quarter worth $4,035,000. Finally, JPMorgan Chase & Co. grew its stake in Upbound Group by 130.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 182,397 shares of the company’s stock valued at $5,835,000 after buying an additional 103,212 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Insider Activity

In related news, Director Jeffrey J. Brown acquired 1,146 shares of the stock in a transaction dated Tuesday, January 7th. The shares were bought at an average cost of $29.01 per share, for a total transaction of $33,245.46. Following the purchase, the director now owns 86,380 shares in the company, valued at approximately $2,505,883.80. This trade represents a 1.34 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Fahmi Karam bought 11,500 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $25.82 per share, with a total value of $296,930.00. Following the transaction, the chief financial officer now directly owns 164,672 shares in the company, valued at $4,251,831.04. This trade represents a 7.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on UPBD. Loop Capital cut their target price on shares of Upbound Group from $33.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, February 21st. TD Cowen upgraded Upbound Group to a “strong-buy” rating in a research note on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.00.

Upbound Group Stock Down 2.2 %

NASDAQ UPBD opened at $24.80 on Wednesday. Upbound Group, Inc. has a twelve month low of $23.35 and a twelve month high of $38.72. The stock has a market cap of $1.42 billion, a PE ratio of 11.22 and a beta of 2.01. The firm has a 50-day simple moving average of $27.54 and a 200 day simple moving average of $29.67. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.86 and a current ratio of 3.66.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. On average, research analysts forecast that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 6.29%. The ex-dividend date of this dividend is Wednesday, April 2nd. Upbound Group’s dividend payout ratio (DPR) is presently 70.59%.

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.