Kingstone Capital Partners Texas LLC Takes $313,000 Position in Upbound Group, Inc. $UPBD

Kingstone Capital Partners Texas LLC acquired a new position in Upbound Group, Inc. (NASDAQ:UPBD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,480 shares of the company’s stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. TD Private Client Wealth LLC grew its holdings in shares of Upbound Group by 59.9% in the first quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company’s stock valued at $31,000 after purchasing an additional 491 shares during the period. CWM LLC grew its stake in shares of Upbound Group by 35.5% in the 1st quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $45,000 after buying an additional 493 shares during the period. Advisors Asset Management Inc. raised its position in shares of Upbound Group by 179.4% during the 1st quarter. Advisors Asset Management Inc. now owns 3,912 shares of the company’s stock valued at $94,000 after buying an additional 2,512 shares during the period. Palouse Capital Management Inc. lifted its holdings in Upbound Group by 64.3% in the first quarter. Palouse Capital Management Inc. now owns 6,623 shares of the company’s stock valued at $159,000 after acquiring an additional 2,592 shares during the last quarter. Finally, MQS Management LLC purchased a new position in Upbound Group in the first quarter worth approximately $202,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Upbound Group Stock Down 2.9%

Shares of NASDAQ:UPBD opened at $26.56 on Monday. The firm has a market cap of $1.54 billion, a PE ratio of 14.92 and a beta of 1.77. The company has a fifty day simple moving average of $24.48 and a 200 day simple moving average of $24.05. The company has a current ratio of 3.11, a quick ratio of 0.83 and a debt-to-equity ratio of 2.29. Upbound Group, Inc. has a 12-month low of $19.65 and a 12-month high of $36.00.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $1.04 earnings per share. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. On average, equities research analysts anticipate that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, September 30th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Upbound Group’s dividend payout ratio is currently 87.64%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Loop Capital upgraded Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Monday, September 15th. BTIG Research reaffirmed a “buy” rating and set a $40.00 price objective on shares of Upbound Group in a research report on Tuesday, September 16th. Finally, Wall Street Zen raised Upbound Group from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $36.80.

Insider Transactions at Upbound Group

In related news, EVP Ralph T. Montrone sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $25.23, for a total value of $151,380.00. Following the sale, the executive vice president owned 49,123 shares of the company’s stock, valued at approximately $1,239,373.29. This trade represents a 10.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey J. Brown purchased 1,653 shares of the stock in a transaction dated Tuesday, July 8th. The shares were purchased at an average price of $25.90 per share, with a total value of $42,812.70. Following the transaction, the director directly owned 89,400 shares of the company’s stock, valued at approximately $2,315,460. The trade was a 1.88% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.

Upbound Group Company Profile

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.