Miller Value Partners LLC Acquires New Holdings in Upbound Group, Inc. $UPBD

Miller Value Partners LLC bought a new stake in Upbound Group, Inc. (NASDAQ:UPBD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 258,000 shares of the company’s stock, valued at approximately $5,475,000. Upbound Group makes up about 1.3% of Miller Value Partners LLC’s investment portfolio, making the stock its 23rd largest position.

Several other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in shares of Upbound Group by 238.3% during the fourth quarter. Hantz Financial Services Inc. now owns 1,448 shares of the company’s stock worth $25,000 after purchasing an additional 1,020 shares in the last quarter. Quarry LP increased its position in shares of Upbound Group by 913.1% in the 3rd quarter. Quarry LP now owns 1,388 shares of the company’s stock valued at $33,000 after buying an additional 1,251 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Upbound Group during the 2nd quarter worth $46,000. Allworth Financial LP acquired a new stake in Upbound Group during the 2nd quarter worth $50,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in Upbound Group by 18.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,400 shares of the company’s stock worth $60,000 after acquiring an additional 535 shares in the last quarter. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jeffrey J. Brown acquired 2,295 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average cost of $20.09 per share, for a total transaction of $46,106.55. Following the completion of the acquisition, the director owned 96,681 shares in the company, valued at $1,942,321.29. This represents a 2.43% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Upbound Group Trading Up 1.0%

UPBD opened at $19.36 on Wednesday. The stock has a market capitalization of $1.13 billion, a P/E ratio of 12.57 and a beta of 1.79. Upbound Group, Inc. has a 12 month low of $15.82 and a 12 month high of $28.02. The firm’s fifty day simple moving average is $20.10 and its 200 day simple moving average is $19.40. The company has a current ratio of 3.22, a quick ratio of 0.97 and a debt-to-equity ratio of 1.94.

Upbound Group (NASDAQ:UPBD) last announced its earnings results on Thursday, July 30th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 EPS. Upbound Group has set its FY 2026 guidance at 4.000-4.350 EPS and its Q3 2026 guidance at 0.850-0.950 EPS. As a group, research analysts anticipate that Upbound Group, Inc. will post 4.15 EPS for the current fiscal year.

Upbound Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 16th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend was Tuesday, June 16th. Upbound Group’s dividend payout ratio is currently 101.30%.

Analyst Ratings Changes

UPBD has been the subject of a number of research analyst reports. TD Cowen decreased their target price on Upbound Group from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Wall Street Zen lowered Upbound Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research cut Upbound Group from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. BTIG Research lowered Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a research report on Friday, July 31st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Upbound Group in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $30.67.

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