Boston Partners Purchases New Position in Upbound Group, Inc. (NASDAQ:UPBD)

Boston Partners acquired a new stake in shares of Upbound Group, Inc. (NASDAQ:UPBDFree Report) during the third quarter, HoldingsChannel reports. The fund acquired 14,398 shares of the company’s stock, valued at approximately $424,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ieq Capital LLC purchased a new stake in Upbound Group during the third quarter valued at approximately $42,184,000. LSV Asset Management purchased a new stake in Upbound Group during the third quarter valued at approximately $31,886,000. Bank of New York Mellon Corp purchased a new stake in Upbound Group during the third quarter valued at approximately $26,094,000. Principal Financial Group Inc. purchased a new stake in Upbound Group during the third quarter valued at approximately $7,271,000. Finally, Victory Capital Management Inc. purchased a new stake in Upbound Group during the third quarter valued at approximately $3,182,000. Institutional investors own 86.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens raised shares of Upbound Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 2nd.

Read Our Latest Research Report on UPBD

Insider Transactions at Upbound Group

In other news, Director Jeffrey J. Brown acquired 912 shares of Upbound Group stock in a transaction dated Tuesday, January 9th. The stock was purchased at an average cost of $32.94 per share, with a total value of $30,041.28. Following the completion of the purchase, the director now directly owns 82,147 shares in the company, valued at approximately $2,705,922.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Upbound Group Stock Performance

Shares of NASDAQ UPBD opened at $33.50 on Friday. The firm has a fifty day moving average price of $33.06 and a 200-day moving average price of $30.91. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.34 and a quick ratio of 0.81. The stock has a market cap of $1.82 billion, a PE ratio of 239.30 and a beta of 2.03. Upbound Group, Inc. has a 1 year low of $22.42 and a 1 year high of $36.17.

Upbound Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 19th were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 18th. This is a boost from Upbound Group’s previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.42%. Upbound Group’s dividend payout ratio is 1,057.22%.

Upbound Group Company Profile

(Free Report)

Upbound Group, Inc, an omni-channel platform company, leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. The company operates in four segments: Rent-A-Center Business, 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.

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Institutional Ownership by Quarter for Upbound Group (NASDAQ:UPBD)

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