Upbound Group (NASDAQ:UPBD) Stock: Insider Fahmi Karam Buys 12,165 Shares

Upbound Group, Inc. (NASDAQ:UPBD) CEO Fahmi Karam acquired 12,165 shares of the firm’s stock in a transaction dated Thursday, November 5th. The stock was bought at an average price of $24.66 per share, with a total value of $299,988.90. Following the purchase, the chief executive officer directly owned 271,077 shares in the company, valued at approximately $6,684,758.82. This trade represents a 4.70% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Fahmi Karam also recently made the following trade(s):

• On Tuesday, November 3rd, Fahmi Karam acquired 4,407 shares of Upbound Group stock. The shares were bought at an average cost of $22.71 per share, with a total value of $100,082.97.

Upbound Group Stock Up 1.8%

Shares of UPBD stock traded up $0.44 during trading hours on Monday, reaching $24.68. 1,450,925 shares of the stock were exchanged, compared to its average volume of 952,273. The business’s fifty day moving average is $17.68 and its two-hundred day moving average is $18.98. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.17 and a quick ratio of 0.95. Upbound Group, Inc. has a 12-month low of $14.98 and a 12-month high of $25.29. The firm has a market capitalization of $1.44 billion, a P/E ratio of 12.99 and a beta of 1.80.

Upbound Group (NASDAQ:UPBD) last issued its earnings results on Thursday, October 29th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.10. Upbound Group had a net margin of 2.36% and a return on equity of 33.81%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company earned $1.00 earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year. As a group, research analysts expect that Upbound Group, Inc. will post 4.22 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 27th. Stockholders of record on Tuesday, October 6th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Tuesday, October 6th. Upbound Group’s dividend payout ratio is currently 82.11%.

Analyst Ratings Changes

Several brokerages have issued reports on UPBD. BTIG Research downgraded shares of Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a research report on Friday, July 31st. TD Cowen lowered their price target on shares of Upbound Group from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. Wall Street Zen downgraded shares of Upbound Group from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Zacks Research upgraded shares of Upbound Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Finally, Weiss Ratings cut shares of Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.00.

Institutional Investors Weigh In On Upbound Group

Institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Upbound Group during the 2nd quarter worth approximately $194,216,000. Dimensional Fund Advisors LP lifted its stake in Upbound Group by 15.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,394,770 shares of the company’s stock valued at $43,227,000 after buying an additional 327,203 shares in the last quarter. Ieq Capital LLC acquired a new stake in Upbound Group during the 2nd quarter valued at $37,565,000. Bank of New York Mellon Corp acquired a new stake in Upbound Group during the 2nd quarter valued at $18,862,000. Finally, Pacer Advisors Inc. acquired a new stake in Upbound Group during the 1st quarter valued at $7,455,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

About Upbound Group

Upbound Group, Inc is a provider of consumer leasing and retail solutions, operating primarily through its Rent-A-Center and Acima brands. The company enables customers to obtain merchandise through flexible lease-to-own agreements and related payment options, serving consumers who may prefer alternatives to traditional retail financing.

Its Rent-A-Center business operates company-owned and franchised locations, as well as digital channels, offering furniture, appliances, electronics, computers, smartphones and other household goods.