Upbound Group, Inc. (NASDAQ:UPBD) CFO Fahmi Karam Buys 11,500 Shares of Stock

Upbound Group, Inc. (NASDAQ:UPBD) CFO Fahmi Karam bought 11,500 shares of Upbound Group stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $25.82 per share, with a total value of $296,930.00. Following the completion of the purchase, 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Upbound Group Trading Up 0.0 %

Upbound Group stock opened at $25.82 on Tuesday. Upbound Group, Inc. has a 12-month low of $24.15 and a 12-month high of $38.72. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86. The stock has a market capitalization of $1.48 billion, a PE ratio of 11.68 and a beta of 2.01. The firm has a 50 day simple moving average of $28.55 and a 200-day simple moving average of $30.31.

Upbound Group (NASDAQ:UPBD) last released its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. As a group, equities research analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UPBD. Stephens began coverage on Upbound Group in a report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price target on the stock. Loop Capital cut their target price on Upbound Group from $33.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Finally, TD Cowen raised 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 given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Upbound Group in the 4th quarter valued at about $5,201,000. PharVision Advisers LLC bought a new stake in Upbound Group during the fourth quarter worth approximately $314,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Upbound Group by 18.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,151 shares of the company’s stock worth $4,088,000 after buying an additional 21,568 shares during the last quarter. Voloridge Investment Management LLC increased its holdings in shares of Upbound Group by 101.7% in the fourth quarter. Voloridge Investment Management LLC now owns 147,893 shares of the company’s stock valued at $4,314,000 after buying an additional 74,565 shares in the last quarter. Finally, Vident Advisory LLC acquired a new stake in shares of Upbound Group during the 4th quarter valued at $480,000. Institutional investors own 90.30% of the company’s stock.

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.