Man Group plc Invests $251,000 in UP Fintech Holding Limited (NASDAQ:TIGR)
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Korea Investment CORP purchased a new stake in shares of UP Fintech in the second quarter worth $41,000. Royal Bank of Canada grew its stake in shares of UP Fintech by 584.5% in the second quarter. Royal Bank of Canada now owns 3,094 shares of the company’s stock worth $90,000 after acquiring an additional 2,642 shares during the last quarter. Shell Asset Management Co. purchased a new stake in shares of UP Fintech during the second quarter valued at $101,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of UP Fintech during the second quarter valued at $149,000. Finally, Ensign Peak Advisors Inc purchased a new stake in shares of UP Fintech during the second quarter valued at $170,000. 15.87% of the stock is currently owned by hedge funds and other institutional investors.
UP Fintech stock opened at $6.25 on Tuesday. UP Fintech Holding Limited has a one year low of $5.12 and a one year high of $38.50. The business’s fifty day moving average is $9.39 and its 200 day moving average is $15.82. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $1.01 billion, a PE ratio of 78.13 and a beta of 1.54.
UP Fintech (NASDAQ:TIGR) last posted its earnings results on Friday, September 10th. The company reported ($0.05) earnings per share for the quarter. UP Fintech had a net margin of 5.24% and a return on equity of 9.95%. The firm had revenue of $60.23 million during the quarter.
Separately, Citigroup dropped their price objective on UP Fintech from $21.63 to $18.22 and set a “buy” rating on the stock in a research report on Monday, September 13th.
UP Fintech Company Profile
UP Fintech Holding Ltd. is a brokerage firm, which engages in the provision of online brokerage services. The company was founded by Tian Hua Wu in 2014 and is headquartered in Chaoyang District, China.
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