Robert Davis (Insider Trades), CEO of Rent-A-Center Inc. (RCII), bought 5,000 shares of the company on July 31. The average price per share was $26.86, for a total transaction of $134,300. Rent-A-Center Inc. provides customers the opportunity to rent-to-own high-quality products such as consumer electronics, appliances, computers, furniture, and more, with no long-term obligation. The company’s market cap is $1.43 billion and P/S ratio is 0.44.
Davis sold 110,157 shares of RCII in two transactions, and bought 9,000 shares of the company in two transactions since 2004. Rent-A-Center Chairman of the Board, Mark Speese (Insider Trades), sold 153,510 shares of the company for an average price of $32.61 per share on May 20, 2015. Rent-A-Center insiders made a total of 65 transactions with the company since August 2003; 9 insider buys totaling 43,312 shares of the company, and 56 insider sells totaling 10,655,085 shares were made since then. The ratio of buys to sells was 1:1 in 2015 and 2014. The number of insider sells decreased from 7 n 2012, to 1 in 2015. The volume of insider buys increased from 0 shares of RCII in 2012 and 2013, to 19,000 shares in 2014, and 153,510 shares in 2015. 
For more information about insider trades with Rent-A-Center Inc., click here.
Rent-A-Center Inc. reported a net income of $26.602 million, or $0.50 per share for the second quarter of 2015. This amount is up from a net income of $20.37 million, or $0.38 per share in the second quarter of the previous year. Revenue also increased in this period of time, from $768.426 million to $815.343 million. Revenue for the company increased 3.67%, while net income decreased 13.06% since 2010. 
The company announced the sale of 14 stores in Canada to easyhome Ltd. on July 13, 2015. Davis commented that “ the sale of these stores allows [the company] to place an even great emphasis on” improving “the profitability and performance” of the U.S segment. The company also announced a quarterly cash dividend of $0.24 per share of common stock. This dividend will be payable on July 23, 2015, to shareholders of record as of close on July 2, 2015. The company’s dividend per share increased 45.5% since 2010.
According to GuruFocus.com information, Rent-A-Center Inc. has a business predictability rank of 5 out of 5 stars. For more information about business predictability rank, click here.
One guru reduced his stake in RCII in the second quarter of 2015. John Hussman (Trades, Portfolio) (Trades, Portfolio) of Hussman Strategic Advisors, Inc., sold 3,000 shares of the company at an average price of $30.01 per share. This decreased his holding in the company by 1.96%. Hussman previously increased his holding in the company by buying 150,000 shares of RCII in the first quarter of 2015. The average price per share was $30.47. For more information about guru transactions with RCII, click here.
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