Tributary Capital Management LLC Has $283,000 Stake in Upbound Group, Inc. (NASDAQ:UPBD)

Tributary Capital Management LLC lowered its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,700 shares of the company’s stock after selling 500 shares during the quarter. Tributary Capital Management LLC’s holdings in Upbound Group were worth $283,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Covestor Ltd raised its holdings in Upbound Group by 268.8% during the 3rd quarter. Covestor Ltd now owns 1,136 shares of the company’s stock worth $37,000 after buying an additional 828 shares during the period. Blue Trust Inc. raised its holdings in shares of Upbound Group by 40.1% during the third quarter. Blue Trust Inc. now owns 1,566 shares of the company’s stock worth $48,000 after acquiring an additional 448 shares during the period. Quarry LP raised its holdings in shares of Upbound Group by 374.3% during the third quarter. Quarry LP now owns 3,282 shares of the company’s stock worth $105,000 after acquiring an additional 2,590 shares during the period. SG Americas Securities LLC bought a new stake in Upbound Group in the 3rd quarter valued at $142,000. Finally, nVerses Capital LLC acquired a new position in Upbound Group in the 3rd quarter worth $192,000. Institutional investors own 90.30% of the company’s stock.

Insiders Place Their Bets

In other Upbound Group news, Director Jeffrey J. Brown bought 1,146 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were acquired at an average cost of $29.01 per share, with a total value of $33,245.46. Following the acquisition, the director now owns 86,380 shares of the company’s stock, valued at $2,505,883.80. The trade was a 1.34 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Jefferies Financial Group cut their price target on Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Tuesday, October 1st. Stephens assumed coverage on Upbound Group in a research report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price target for the company. TD Cowen upgraded shares of Upbound Group to a “strong-buy” rating in a report on Friday, November 29th. Finally, Loop Capital cut their price objective on shares of 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 research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.17.

Upbound Group Trading Down 0.6 %

Shares of Upbound Group stock opened at $29.57 on Friday. Upbound Group, Inc. has a 12-month low of $26.50 and a 12-month high of $38.72. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.02. The business’s 50 day moving average is $31.27 and its 200-day moving average is $31.41. The stock has a market cap of $1.62 billion, a P/E ratio of 20.39 and a beta of 2.05.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. Upbound Group had a net margin of 1.91% and a return on equity of 34.15%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm posted $0.79 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. Equities research analysts predict that Upbound Group, Inc. will post 3.8 earnings per share for the current fiscal year.

Upbound Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Wednesday, December 18th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.56 dividend on an annualized basis and a yield of 5.28%. This is a boost from Upbound Group’s previous quarterly dividend of $0.37. Upbound Group’s dividend payout ratio (DPR) is presently 107.59%.

About Upbound Group

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.