Los Angeles Capital Management & Equity Research Inc. grew its position in Rent-A-Center Inc (NASDAQ:RCII) by 37.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 127,257 shares of the company’s stock after purchasing an additional 34,498 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Rent-A-Center were worth $3,670,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of RCII. Alberta Investment Management Corp grew its stake in shares of Rent-A-Center by 28.6% in the 3rd quarter. Alberta Investment Management Corp now owns 60,200 shares of the company’s stock valued at $1,553,000 after buying an additional 13,400 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in shares of Rent-A-Center in the 3rd quarter valued at approximately $2,130,000. Rhumbline Advisers grew its stake in shares of Rent-A-Center by 6.5% in the 3rd quarter. Rhumbline Advisers now owns 142,933 shares of the company’s stock valued at $3,686,000 after buying an additional 8,697 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Rent-A-Center by 7.8% in the 3rd quarter. Louisiana State Employees Retirement System now owns 18,000 shares of the company’s stock valued at $464,000 after buying an additional 1,300 shares during the period. Finally, Chesapeake Wealth Management grew its stake in shares of Rent-A-Center by 36.8% in the 3rd quarter. Chesapeake Wealth Management now owns 34,426 shares of the company’s stock valued at $888,000 after buying an additional 9,260 shares during the period.
NASDAQ:RCII opened at $24.91 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.51 and a current ratio of 2.34. The stock has a market capitalization of $1.41 billion, a P/E ratio of 10.29 and a beta of 0.40. The company has a 50 day moving average price of $28.96 and a 200 day moving average price of $26.79. Rent-A-Center Inc has a fifty-two week low of $17.47 and a fifty-two week high of $31.14.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.66%. This is a boost from Rent-A-Center’s previous quarterly dividend of $0.25. Rent-A-Center’s dividend payout ratio (DPR) is presently 109.43%.
Several analysts have recently weighed in on the stock. BidaskClub cut shares of Rent-A-Center from a “buy” rating to a “hold” rating in a research note on Saturday. ValuEngine cut shares of Rent-A-Center from a “sell” rating to a “strong sell” rating in a research note on Thursday. Stephens cut shares of Rent-A-Center from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 3rd. Northcoast Research raised shares of Rent-A-Center from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus raised shares of Rent-A-Center from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.00.
About Rent-A-Center
Rent-A-Center, Inc, together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; wheels and tires; and furniture, including accessories under rental purchase agreements.
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