Yousif Capital Management LLC Increases Stake in PROG Holdings, Inc. (NYSE:PRG)

Yousif Capital Management LLC boosted its holdings in shares of PROG Holdings, Inc. (NYSE:PRGFree Report) by 14.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,999 shares of the company’s stock after buying an additional 3,330 shares during the quarter. Yousif Capital Management LLC owned 0.06% of PROG worth $804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PRG. Assenagon Asset Management S.A. boosted its holdings in PROG by 719.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 178,859 shares of the company’s stock valued at $5,529,000 after purchasing an additional 157,024 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of PROG by 33.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 145,706 shares of the company’s stock worth $4,839,000 after buying an additional 36,776 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of PROG by 161.0% during the third quarter. Victory Capital Management Inc. now owns 107,286 shares of the company’s stock worth $3,563,000 after buying an additional 66,185 shares during the period. Illinois Municipal Retirement Fund acquired a new stake in PROG in the third quarter valued at approximately $921,000. Finally, Nomura Holdings Inc. lifted its stake in PROG by 621.5% in the third quarter. Nomura Holdings Inc. now owns 144,294 shares of the company’s stock worth $4,792,000 after acquiring an additional 124,294 shares during the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. TD Cowen increased their price objective on shares of PROG from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Loop Capital raised their price target on PROG from $31.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.60.

Get Our Latest Analysis on PRG

PROG Trading Up 3.0 %

Shares of PROG stock opened at $34.48 on Friday. The company has a current ratio of 3.91, a quick ratio of 1.83 and a debt-to-equity ratio of 1.01. The company has a fifty day simple moving average of $32.67 and a 200-day simple moving average of $30.82. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 14.07 and a beta of 2.06. PROG Holdings, Inc. has a 12-month low of $26.39 and a 12-month high of $44.81.

PROG (NYSE:PRGGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. PROG had a return on equity of 26.67% and a net margin of 4.71%. The company had revenue of $641.87 million for the quarter, compared to analyst estimates of $632.24 million. On average, equities analysts forecast that PROG Holdings, Inc. will post 3 EPS for the current fiscal year.

PROG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Wednesday, March 13th. PROG’s dividend payout ratio is currently 19.59%.

PROG Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for PROG (NYSE:PRG)

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