Peregrine Capital Management LLC Makes New Investment in Upbound Group, Inc. $UPBD

Peregrine Capital Management LLC bought a new stake in Upbound Group, Inc. (NASDAQ:UPBD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 273,370 shares of the company’s stock, valued at approximately $4,934,000. Peregrine Capital Management LLC owned 0.47% of Upbound Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Inspire Investing LLC increased its holdings in shares of Upbound Group by 9.7% in the 1st quarter. Inspire Investing LLC now owns 29,733 shares of the company’s stock valued at $537,000 after purchasing an additional 2,639 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Upbound Group in the first quarter valued at about $417,000. Diversified Trust Co increased its holdings in Upbound Group by 13.6% in the first quarter. Diversified Trust Co now owns 20,608 shares of the company’s stock valued at $372,000 after buying an additional 2,462 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Upbound Group during the 4th quarter worth approximately $398,000. Finally, Invesco Ltd. grew its holdings in shares of Upbound Group by 28.1% in the 4th quarter. Invesco Ltd. now owns 548,630 shares of the company’s stock worth $9,634,000 after acquiring an additional 120,333 shares during the period. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Upbound Group Stock Down 2.3%

Shares of NASDAQ UPBD opened at $20.73 on Thursday. Upbound Group, Inc. has a 1 year low of $15.82 and a 1 year high of $28.02. The firm’s 50 day moving average price is $18.73 and its 200 day moving average price is $18.95. The firm has a market cap of $1.21 billion, a P/E ratio of 14.50 and a beta of 1.79. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.88 and a current ratio of 3.06.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.02. Upbound Group had a return on equity of 35.56% and a net margin of 1.78%.The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm posted $1.00 EPS. Upbound Group’s revenue was up 3.7% on a year-over-year basis. Upbound Group has set its Q2 2026 guidance at 1.000-1.100 EPS and its FY 2026 guidance at 4.000-4.350 EPS. As a group, sell-side analysts anticipate that Upbound Group, Inc. will post 4.15 earnings per share for the current year.

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 16th will be given a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.5%. Upbound Group’s payout ratio is currently 109.09%.

Insider Buying and Selling

In other Upbound Group news, Director Jeffrey J. Brown bought 2,329 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was purchased at an average cost of $19.41 per share, for a total transaction of $45,205.89. Following the completion of the purchase, the director owned 94,840 shares of the company’s stock, valued at $1,840,844.40. This trade represents a 2.52% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on UPBD shares. Zacks Research lowered Upbound Group from a “strong-buy” rating to a “hold” rating in a report on Monday. Weiss Ratings reissued a “hold (c-)” rating on shares of Upbound Group in a research note on Wednesday, June 24th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Upbound Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

About Upbound Group

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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.