Almanack Investment Partners LLC. Invests $142,000 in UP Fintech Holding Limited (NASDAQ:TIGR)
Several other large investors have also made changes to their positions in the company. Sigma Planning Corp grew its position in shares of UP Fintech by 11.8% in the second quarter. Sigma Planning Corp now owns 11,850 shares of the company’s stock valued at $343,000 after purchasing an additional 1,250 shares during the period. Korea Investment CORP purchased a new stake in shares of UP Fintech in the second quarter valued at $41,000. Salem Investment Counselors Inc. purchased a new stake in shares of UP Fintech in the second quarter valued at $61,000. Advisor Group Holdings Inc. grew its position in shares of UP Fintech by 54.3% in the second quarter. Advisor Group Holdings Inc. now owns 6,065 shares of the company’s stock valued at $176,000 after purchasing an additional 2,135 shares during the period. Finally, Ballentine Partners LLC grew its position in shares of UP Fintech by 28.6% in the third quarter. Ballentine Partners LLC now owns 11,577 shares of the company’s stock valued at $123,000 after purchasing an additional 2,577 shares during the period. 15.87% of the stock is owned by institutional investors and hedge funds.
TIGR stock opened at $4.91 on Friday. The stock has a 50-day moving average price of $6.17 and a two-hundred day moving average price of $12.78. UP Fintech Holding Limited has a 12-month low of $4.16 and a 12-month high of $38.50. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.33. The company has a market cap of $792.47 million, a PE ratio of 27.28 and a beta of 1.55.
UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings results on Monday, November 29th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. UP Fintech had a return on equity of 7.94% and a net margin of 11.45%.
Separately, Citigroup lowered their price target on UP Fintech from $18.22 to $7.58 and set a “buy” rating for the company in a research report on Wednesday, December 1st.
About UP Fintech
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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