KLP Kapitalforvaltning AS Invests $490,000 in Upbound Group, Inc. (NASDAQ:UPBD)

KLP Kapitalforvaltning AS bought a new position in shares of Upbound Group, Inc. ( NASDAQ:UPBD – Free Report ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,600 shares of the company’s stock, valued at approximately $490,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. R Squared Ltd acquired a new stake in Upbound Group in the fourth quarter valued at approximately $25,000. Blue Trust Inc.



grew its stake in shares of Upbound Group by 45.0% during the fourth quarter. Blue Trust Inc.

now owns 2,271 shares of the company’s stock valued at $73,000 after acquiring an additional 705 shares in the last quarter. Quarry LP grew its stake in shares of Upbound Group by 374.3% during the third quarter.

Quarry LP now owns 3,282 shares of the company’s stock valued at $105,000 after acquiring an additional 2,590 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Upbound Group by 12.

8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company’s stock worth $110,000 after acquiring an additional 429 shares in the last quarter.

Finally, Vestcor Inc purchased a new position in Upbound Group in the fourth quarter valued at about $174,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Insider Activity at Upbound Group In related news, Director Jeffrey J. Brown bought 1,146 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were bought at an average cost of $29.

01 per share, for a total transaction of $33,245.46. Following the completion of the purchase, the director now owns 86,380 shares of the company’s stock, valued at $2,505,883.

80. This represents a 1.34 % increase in their position.

The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CFO Fahmi Karam bought 11,500 shares of Upbound Group stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $25.

82 per share, with a total value of $296,930.00. Following the completion of the purchase, the chief financial officer now directly owns 164,672 shares in the company, valued at $4,251,831.

04. This trade represents a 7.51 % increase in their ownership of the stock.

The disclosure for this purchase can be found here . Insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades View Our Latest Research Report on UPBD Upbound Group Price Performance UPBD opened at $21.91 on Friday. The company has a debt-to-equity ratio of 2.

08, a quick ratio of 0.86 and a current ratio of 3.66.

Upbound Group, Inc. has a 1-year low of $21.77 and a 1-year high of $38.

72. The company has a 50-day moving average of $26.75 and a 200-day moving average of $29.

37. The company has a market capitalization of $1.26 billion, a P/E ratio of 9.

91 and a beta of 2.01. Upbound Group ( NASDAQ:UPBD – Get Free Report ) last announced its quarterly earnings data on Thursday, February 20th.

The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.

02. Upbound Group had a return on equity of 35.47% and a net margin of 2.

86%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.

06 billion. Equities analysts expect that Upbound Group, Inc. will post 4.

28 EPS for the current fiscal year. Upbound Group Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Wednesday, April 2nd 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 7.

12%. The ex-dividend date is Wednesday, April 2nd. Upbound Group’s dividend payout ratio is presently 70.

59%. Upbound Group Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding UPBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Upbound Group, Inc.

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