Rent-A-Center Inc. (NASDAQ:RCII) Stake Decreased by Royce & Associates LP

Rent-A-Center shares leap as firm discloses it has received and rejected an unsolicited buyout bid

Rent-A-Center shares leap as firm discloses it has received and rejected an unsolicited buyout bid

Dividends are mostly given in terms of cash payments, property or as shares of stock. Rent-A-Center, Inc. P/E (price to earnings) ratio is 0 and Forward P/E ratio of 13.61. Price changes in a company's debt in credit markets often predict parallel changes in its share price.

Rent-A-Center Inc (NASDAQ:RCII) opened its previous trading session at $12.5 later Inclining 8.92% to close its trade at a share price of $12.09. 2,890,948 shares of the company traded hands. The company's market capitalization is $643.14 million. The stock's 50-day moving average price is $11.74 and its 200 day moving average price is $10.36.

Analysts are also projecting an Average Revenue Estimate for Rent-A-Center, Inc.as $666680 in the Current Quarter. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets), smartphones and furniture (including accessories), under rental purchase agreements. This is an increase of 1,061% compared to the average daily volume of 759 put options.

Rent-A-Center Inc (NASDAQ:RCII) now has a trailing P/E of -4.68 while its forward P/E according to Thomson Reuters is 13.29.

(-) VOXX, (-20.3%) Q1 net loss of $0.13 per share improves on $0.18 per share loss a year ago but trails the single-analyst estimate looking for a $0.07 per share net loss. The firm had revenue of $742 million during the quarter, compared to analysts' expectations of $733.43 million.

Rent-A-Center, Inc. on 3/30/2017 reported its EPS as $0.41 with the analysts projecting the EPS of the stock as $0.49. Shareholders of record on Monday, July 3rd will be given a dividend of 0.08 per share on Thursday, July 20th. The ex-dividend date will be Thursday the 29th of June 2017.

Rent-A-Center Inc (NASDAQ:RCII) shows a Forward Annual Dividend Rate of $0.32 and Trailing Annual Dividend Yield of 2.88% according to MorningStar Inc.

Royce & Associates LP owned about 0.70% of Rent-A-Center worth $3,304,000 at the end of the most recent reporting period. Comparatively, 3.4% of Rent-A-Center shares are held by company insiders. Comerica Bank increased its stake in Rent-A-Center by 5.4% in the fourth quarter. Mason Street Advisors LLC increased its position in Rent-A-Center by 7.1% in the first quarter.

04/06/2017 - Janney Montgomery Scott began new coverage on Rent-A-Center Inc. giving the company a "buy" rating.

During the trading day, the stock price fluctuated between $11.76 and $12.75. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of "Hold" and a consensus target price of $10.75. The third largest holder is Blackrock Inc., which now holds $72.83 million worth of this stock and that ownership represents almost 10.85% of its market capitalization. If you are accessing this report on another domain, it was illegally stolen and republished in violation of global copyright legislation. The original version of this report can be viewed at https://www.baseball-news-blog.com/2017/07/14/rent-a-center-inc-rcii-position-lowered-by-royce-associates-lp-updated.html.

Rent-A-Center has rejected a proposal from Vintage Capital Management to acquire the retailer in a go-private transaction that was valued at $15 per share. (NASDAQ:RCII). Steven L. Pepper, Director purchased $491,850 worth of shares at an average price of $10.93 on May 23rd. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark E. Speese acquired 100,000 shares of Rent-A-Center stock in a transaction dated Wednesday, May 10th.

As of quarter end Capstone Asset Management Co had disposed of a total of 1,080 shares trimming its stake by 8.7%. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 7,115,980 shares of the stock are valued at $78.99 million. The disclosure for this purchase can be found here.

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