Jeffrey Brown, a director at Upbound Group (UPBD), recently added 877 shares. The buy increased his holdings by 1 percent, and came to a total cost of $27,000.
The director was the most recent buyer of shares with a 1,143 share pickup in April. That buy represented a 1 percent increase, and also came to about $27,000. Going back further this year, only one company vice president sold a small percentage of their shares.
Overall, company insiders own 11.6 percent of shares.
The household good rental firm is up about 40 percent so far this year, after rebranding from Rent-A-Center.
Revenues are still down by about 12 percent likely due to the slowdown in consumer spending over the past year, but with a forward PE ratio of about 11, shares may be underpriced based on their earnings potential.
Action to take: Investors might want to consider shares at current prices, or on any drop lower. Upbound currently yields about 4.3 percent, although the dividend is currently in excess of the company’s earnings. The company is likely over the worst of the slowdown in consumer spending over the past year.
For traders, shares are in an uptrend. The September $32.50 calls are a near-the-money trade. Last going for about $1.70, traders can potentially see mid-double-digit gains in the coming two months before expiration.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.