Walleye Capital LLC Makes New Investment in PROG Holdings, Inc. (NYSE:PRG)

Walleye Capital LLC purchased a new position in PROG Holdings, Inc. (NYSE:PRGGet Rating) in the first quarter, HoldingsChannel.com reports. The firm purchased 25,153 shares of the company’s stock, valued at approximately $724,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. ETF Managers Group LLC boosted its holdings in PROG by 5.0% in the 4th quarter. ETF Managers Group LLC now owns 15,783 shares of the company’s stock worth $708,000 after acquiring an additional 750 shares during the period. M&T Bank Corp increased its position in PROG by 8.2% in the first quarter. M&T Bank Corp now owns 10,612 shares of the company’s stock worth $305,000 after buying an additional 806 shares during the period. Mutual of America Capital Management LLC increased its position in PROG by 1.9% in the first quarter. Mutual of America Capital Management LLC now owns 51,740 shares of the company’s stock worth $1,489,000 after buying an additional 970 shares during the period. Stephens Inc. AR increased its position in PROG by 17.6% in the first quarter. Stephens Inc. AR now owns 7,269 shares of the company’s stock worth $209,000 after buying an additional 1,090 shares during the period. Finally, Summit Global Investments grew its stake in shares of PROG by 6.7% in the fourth quarter. Summit Global Investments now owns 22,281 shares of the company’s stock worth $1,005,000 after purchasing an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 96.45% of the company’s stock.

PROG Trading Down 2.0 %

Shares of PRG opened at $18.70 on Wednesday. The stock has a fifty day moving average price of $19.28 and a two-hundred day moving average price of $23.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.26 and a current ratio of 3.26. PROG Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $50.79. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 8.10 and a beta of 1.97.

Insider Buying and Selling at PROG

In other PROG news, CFO Brian Garner acquired 2,500 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was purchased at an average price of $19.39 per share, for a total transaction of $48,475.00. Following the transaction, the chief financial officer now owns 38,523 shares in the company, valued at approximately $746,960.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Curtis Linn Doman purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were acquired at an average price of $19.25 per share, with a total value of $962,500.00. Following the completion of the purchase, the insider now directly owns 72,000 shares of the company’s stock, valued at approximately $1,386,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian Garner purchased 2,500 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were purchased at an average cost of $19.39 per share, for a total transaction of $48,475.00. Following the purchase, the chief financial officer now directly owns 38,523 shares of the company’s stock, valued at $746,960.97. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 53,700 shares of company stock worth $1,034,243. 1.74% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PRG shares. Stephens set a $21.00 price target on PROG in a research report on Monday, June 20th. Raymond James downgraded PROG from an “outperform” rating to a “market perform” rating in a research note on Friday, June 17th. KeyCorp lowered their price objective on PROG from $40.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday, July 28th. Finally, TheStreet lowered PROG from a “c-” rating to a “d” rating in a report on Thursday, July 28th.

PROG Profile

(Get Rating)

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.

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Institutional Ownership by Quarter for PROG (NYSE:PRG)

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