Fintech
GAMMA Investing LLC Increases Equity Stake in UP Fintech Holding Limited (NASDAQ:TIGR)
GAMMA Investing LLC has strengthened its holdings in UP Fintech Holding Limited (NASDAQ:TIGR – Free Report) by 308.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,683 shares of the company’s stock after purchasing an additional 5,804 shares during the quarter. GAMMA Investing LLC’s holdings in UP Fintech were worth $26,000 at the end of the latest quarter.
Other large investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its holdings in UP Fintech by 32.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 14,028 shares of the company’s stock valued at $61,000 after purchasing an additional 3,446 shares during the last quarter. Walleye Capital LLC bought a new position in UP Fintech in the third quarter worth $1,886,000. Caxton Associates LP bought a new position in UP Fintech in the third quarter worth $424,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in UP Fintech in the third quarter worth $1,071,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in UP Fintech in the third quarter worth $101,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.
The opinion of Wall Street analysts
Separately, Citigroup lowered their price objective on UP Fintech from $8.01 to $6.22 and gave a “buy” rating to the stock in a report on Thursday, March 21.
Discover our latest stock analysis on TIGR
Performance of UP Fintech shares
Actions of TIGR action opened at $4.35 on Thursday. The stock’s 50-day moving average is $4.11 and its 200-day moving average is $3.98. The company has a market cap of $727.06 million, a price-to-earnings ratio of 18.91 and a beta of 0.95. UP Fintech Holding Limited has a 1-year low of $2.75 and a 1-year high of $5.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.18 and a current ratio of 1.18.
UP Fintech Profile
UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform that allows investors to trade stocks, options, warrants and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement and IR platform; and account management services.
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