Should You Now Exit Your Position in PROG Holdings (PRG)?

Insider Monkey

2022-10-28

Diamond Hill Capital, an investment management company, released its “Mid Cap Strategy” third-quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy returned -4.67% net of fees compared to a -3.44% return for the Russell Midcap Index. Portfolio holdings in technology, industrials, and consumer discretionary sectors hindered the strategy’s performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Diamond Hill Capital discussed stocks like PROG Holdings, Inc. (NYSE:PRG) in the Q3 2022 investor letter. Based in Draper, Utah, PROG Holdings, Inc. (NYSE:PRG) is a lease-purchase solutions provider and operates through Progressive Leasing and Vive segments. On October 25, 2022, PROG Holdings, Inc. (NYSE:PRG) stock closed at $14.20 per share. One-month return of PROG Holdings, Inc. (NYSE:PRG) was -15.58% and its shares lost 66.56% of their value over the last 52 weeks. PROG Holdings, Inc. (NYSE:PRG) has a market capitalization of $716.661 million.

Diamond Hill Capital made the following comment about PROG Holdings, Inc. (NYSE:PRG) in its Q3 2022 investor letter:

"We exited rent-to-own company PROG Holdings, Inc. (NYSE:PRG) in favor of higher conviction names elsewhere. The rent-to-own industry remains challenged at its core — subprime customers face pressure from inflation, and there has not been any notable trading down from higher income customers because of tighter credit conditions."
WorldWide/Shutterstock.com

PROG Holdings, Inc. (NYSE:PRG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 18 hedge fund portfolios held PROG Holdings, Inc. (NYSE:PRG) at the end of the second quarter which was 21 in the previous quarter.

We discussed PROG Holdings, Inc. (NYSE:PRG) in another article and shared Diamond Hill Capital's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

11 Best REIT Stocks To Invest In
Top Small Cap Stocks With Huge Growth Potential
Best Penny Stocks To Invest In

Disclosure: None. This article is originally published at Insider Monkey.

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A copy of the same can be downloaded here. In the third quarter, the strategy returned -4.67% net of fees compared to a -3.44% return for the Russell Midcap Index. Portfolio holdings in technology, industrials, and consumer discretionary sectors hindered the strategy’s performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.</p>\n<p>Diamond Hill Capital discussed stocks like <a href=\"https://laohu8.com/S/PRG\">PROG Holdings, Inc.</a> (NYSE:PRG) in the Q3 2022 investor letter. Based in Draper, Utah, PROG Holdings, Inc. (NYSE:PRG) is a lease-purchase solutions provider and operates through Progressive Leasing and Vive segments. On October 25, 2022, PROG Holdings, Inc. (NYSE:PRG) stock closed at $14.20 per share. One-month return of PROG Holdings, Inc. (NYSE:PRG) was -15.58% and its shares lost 66.56% of their value over the last 52 weeks. PROG Holdings, Inc. (NYSE:PRG) has a market capitalization of $716.661 million.</p>\n<p>Diamond Hill Capital made the following comment about PROG Holdings, Inc. (NYSE:PRG) in its Q3 2022 investor letter:</p>\n<blockquote>\n<p>\"We exited rent-to-own company <strong>PROG Holdings, Inc.</strong> (NYSE:PRG) in favor of higher conviction names elsewhere. The rent-to-own industry remains challenged at its core — subprime customers face pressure from inflation, and there has not been any notable trading down from higher income customers because of tighter credit conditions.\"</p>\n<img height=\"500\" src=\"https://s.yimg.com/uu/api/res/1.2/vnBc_LUrbGEfD1rQXxdNPg--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/insidermonkey.com/682694d61ff621270cd0c8545f24bbe8\" width=\"750\"/> WorldWide/Shutterstock.com\n</blockquote>\n<p>PROG Holdings, Inc. (NYSE:PRG) is not on our list of 30 Most <a href=\"https://laohu8.com/S/BPOPN\">Popular</a> Stocks Among Hedge Funds. 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This article is originally published at Insider Monkey.</p></body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Should You Now Exit Your Position in PROG Holdings (PRG)?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShould You Now Exit Your Position in PROG Holdings (PRG)?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Insider Monkey</strong><span class=\"h-time small\">2022-10-28 00:45</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><p>Diamond Hill Capital, an investment management company, released its “Mid Cap Strategy” third-quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy returned -4.67% net of fees compared to a -3.44% return for the Russell Midcap Index. Portfolio holdings in technology, industrials, and consumer discretionary sectors hindered the strategy’s performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.</p>\n<p>Diamond Hill Capital discussed stocks like <a href=\"https://laohu8.com/S/PRG\">PROG Holdings, Inc.</a> (NYSE:PRG) in the Q3 2022 investor letter. Based in Draper, Utah, PROG Holdings, Inc. (NYSE:PRG) is a lease-purchase solutions provider and operates through Progressive Leasing and Vive segments. On October 25, 2022, PROG Holdings, Inc. (NYSE:PRG) stock closed at $14.20 per share. One-month return of PROG Holdings, Inc. (NYSE:PRG) was -15.58% and its shares lost 66.56% of their value over the last 52 weeks. PROG Holdings, Inc. (NYSE:PRG) has a market capitalization of $716.661 million.</p>\n<p>Diamond Hill Capital made the following comment about PROG Holdings, Inc. (NYSE:PRG) in its Q3 2022 investor letter:</p>\n<blockquote>\n<p>\"We exited rent-to-own company <strong>PROG Holdings, Inc.</strong> (NYSE:PRG) in favor of higher conviction names elsewhere. The rent-to-own industry remains challenged at its core — subprime customers face pressure from inflation, and there has not been any notable trading down from higher income customers because of tighter credit conditions.\"</p>\n<img height=\"500\" src=\"https://s.yimg.com/uu/api/res/1.2/vnBc_LUrbGEfD1rQXxdNPg--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/insidermonkey.com/682694d61ff621270cd0c8545f24bbe8\" width=\"750\"/> WorldWide/Shutterstock.com\n</blockquote>\n<p>PROG Holdings, Inc. (NYSE:PRG) is not on our list of 30 Most <a href=\"https://laohu8.com/S/BPOPN\">Popular</a> Stocks Among Hedge Funds. As per our database, 18 hedge fund portfolios held PROG Holdings, Inc. (NYSE:PRG) at the end of the second quarter which was 21 in the previous quarter.</p>\n<p>We discussed PROG Holdings, Inc. (NYSE:PRG) in another article and shared Diamond Hill Capital's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.</p>   \n<p>Suggested Articles:</p>\n<ul>\n<li>11 Best REIT Stocks To Invest In</li>\n<li>Top Small Cap Stocks With Huge Growth Potential</li>\n<li>Best Penny Stocks To Invest In</li>\n</ul>\n<p>Disclosure: None. This article is originally published at Insider Monkey.</p></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.yahoo.com/news/now-exit-position-prog-holdings-164512972.html\">Insider Monkey</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4166","symbol_name":"消費信貸","start_time":0,"source_url":"https://finance.yahoo.com/news/now-exit-position-prog-holdings-164512972.html","article_id":"2278018075","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/kF9h5DvzdDiDRigmzNMFlg--~B/aD01MDA7dz03NTA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/insidermonkey.com/682694d61ff621270cd0c8545f24bbe8"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2278018075","pubTimestamp":1666889112,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Diamond Hill Capital, an investment management company, released its “Mid Cap Strategy” third-quarte","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4166":"消费信贷","BK4135":"资产管理与托管银行","PRG":"PROG Holdings, Inc.","BK4196":"保健护理服务","DHIL":"Diamond Hill Investment Group"},"translate_title":"你现在应该退出PROG Holdings（PRG）的头寸吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DHIL":0.9,"PRG":1,"PROG":1},"content_text":"Diamond Hill Capital, an investment management company, released its “Mid Cap Strategy” third-quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy returned -4.67% net of fees compared to a -3.44% return for the Russell Midcap Index. Portfolio holdings in technology, industrials, and consumer discretionary sectors hindered the strategy’s performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.\nDiamond Hill Capital discussed stocks like PROG Holdings, Inc. (NYSE:PRG) in the Q3 2022 investor letter. Based in Draper, Utah, PROG Holdings, Inc. (NYSE:PRG) is a lease-purchase solutions provider and operates through Progressive Leasing and Vive segments. On October 25, 2022, PROG Holdings, Inc. (NYSE:PRG) stock closed at $14.20 per share. One-month return of PROG Holdings, Inc. (NYSE:PRG) was -15.58% and its shares lost 66.56% of their value over the last 52 weeks. PROG Holdings, Inc. (NYSE:PRG) has a market capitalization of $716.661 million.\nDiamond Hill Capital made the following comment about PROG Holdings, Inc. (NYSE:PRG) in its Q3 2022 investor letter:\n\n\"We exited rent-to-own company PROG Holdings, Inc. (NYSE:PRG) in favor of higher conviction names elsewhere. The rent-to-own industry remains challenged at its core — subprime customers face pressure from inflation, and there has not been any notable trading down from higher income customers because of tighter credit conditions.\"\n WorldWide/Shutterstock.com\n\nPROG Holdings, Inc. (NYSE:PRG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 18 hedge fund portfolios held PROG Holdings, Inc. (NYSE:PRG) at the end of the second quarter which was 21 in the previous quarter.\nWe discussed PROG Holdings, Inc. (NYSE:PRG) in another article and shared Diamond Hill Capital's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.   \nSuggested Articles:\n\n11 Best REIT Stocks To Invest In\nTop Small Cap Stocks With Huge Growth Potential\nBest Penny Stocks To Invest In\n\nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}