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

Upbound Group, Inc. (NASDAQ:UPBD) CFO Fahmi Karam acquired 11,500 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $25.82 per share, with a total value of $296,930.00. Following the completion of the acquisition, the chief financial officer now directly owns 164,672 shares of the company’s stock, valued at $4,251,831.04. This represents a 7.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Upbound Group Stock Down 2.5 %

Upbound Group stock opened at $25.17 on Wednesday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 11.39 and a beta of 2.01. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86. Upbound Group, Inc. has a fifty-two week low of $24.15 and a fifty-two week high of $38.72. The firm has a fifty day moving average price of $28.47 and a two-hundred day moving average price of $30.25.

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. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. As a group, analysts forecast that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on UPBD. TD Cowen upgraded shares of Upbound Group to a “strong-buy” rating in a report on Friday, November 29th. 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. Finally, Stephens started coverage on shares of Upbound Group in a research report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 target price for the company. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Upbound Group has an average rating of “Moderate Buy” and an average price target of $37.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in UPBD. Wellington Management Group LLP raised its position in shares of Upbound Group by 2,864.5% during the third quarter. Wellington Management Group LLP now owns 405,569 shares of the company’s stock valued at $12,974,000 after buying an additional 391,888 shares during the last quarter. Kennedy Capital Management LLC acquired a new position in shares of Upbound Group during the fourth quarter valued at about $10,214,000. Marshall Wace LLP raised its position in shares of Upbound Group by 333.9% during the fourth quarter. Marshall Wace LLP now owns 350,949 shares of the company’s stock valued at $10,237,000 after buying an additional 270,064 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Upbound Group during the fourth quarter valued at about $5,201,000. Finally, Victory Capital Management Inc. raised its position in shares of Upbound Group by 171.9% during the fourth quarter. Victory Capital Management Inc. now owns 267,618 shares of the company’s stock valued at $7,806,000 after buying an additional 169,197 shares during the last quarter. Institutional investors and hedge funds 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.