Inspire Investing LLC Takes $1.66 Million Position in PROG Holdings, Inc $PRG

Inspire Investing LLC purchased a new stake in PROG Holdings, Inc (NYSE:PRG) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 58,004 shares of the fintech holding company’s stock, valued at approximately $1,664,000. Inspire Investing LLC owned about 0.15% of PROG as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PRG. Quarry LP lifted its position in PROG by 82.8% during the 4th quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock valued at $33,000 after purchasing an additional 506 shares during the period. Federation des caisses Desjardins du Quebec acquired a new stake in shares of PROG during the 4th quarter worth approximately $44,000. GAMMA Investing LLC raised its stake in shares of PROG by 45.3% during the fourth quarter. GAMMA Investing LLC now owns 1,806 shares of the fintech holding company’s stock worth $53,000 after buying an additional 563 shares during the last quarter. WealthCollab LLC raised its stake in shares of PROG by 61.9% during the second quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock worth $61,000 after buying an additional 800 shares during the last quarter. Finally, CWM LLC lifted its holdings in PROG by 15.2% in the fourth quarter. CWM LLC now owns 6,057 shares of the fintech holding company’s stock valued at $179,000 after buying an additional 799 shares during the period. 97.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PRG has been the topic of a number of recent research reports. Stephens raised their price objective on shares of PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings raised PROG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. TD Cowen raised their price target on PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. B. Riley Financial reaffirmed a “buy” rating on shares of PROG in a research note on Thursday, April 30th. Finally, Wall Street Zen downgraded PROG from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, PROG presently has a consensus rating of “Moderate Buy” and an average target price of $43.70.

PROG Stock Up 1.4%

Shares of NYSE:PRG opened at $46.72 on Wednesday. PROG Holdings, Inc has a 52 week low of $25.80 and a 52 week high of $47.60. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.41 and a current ratio of 4.27. The company has a market capitalization of $1.87 billion, a PE ratio of 12.77 and a beta of 1.82. The company has a 50 day moving average price of $36.18 and a two-hundred day moving average price of $33.18.

PROG (NYSE:PRG) last posted its earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.46. PROG had a net margin of 5.88% and a return on equity of 21.94%. The company had revenue of $742.67 million for the quarter, compared to analyst estimates of $732.70 million. During the same period last year, the business posted $0.90 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Analysts forecast that PROG Holdings, Inc will post 4.7 earnings per share for the current year.

PROG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.56 annualized dividend and a yield of 1.2%. PROG’s payout ratio is currently 15.30%.

PROG Company Profile

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.