Fintech
Headlands Technologies LLC Makes New Investment in UP Fintech Holding Limited (NASDAQ:TIGR)
Headlands Technologies LLC has acquired a new stake in UP Fintech Holding Limited (NASDAQ:TIGR – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,948 shares of the company, valued at about $34,000.
Other hedge funds have also recently made changes to their holdings in the company. Asset Management One Co. Ltd. increased its stake in UP Fintech by 32.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 14,028 shares of the company’s stock worth $61,000 after purchasing an additional 3,446 shares during the last quarter. GAMMA Investing LLC increased its holdings in UP Fintech stock by 308.9% during the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock worth $26,000 after purchasing an additional 5,804 shares during the period. Finally, GSA Capital Partners LLP increased its position in UP Fintech by 19.8% in the first quarter. GSA Capital Partners LLP now owns 280,979 shares of the company’s stock, valued at $967,000, after purchasing an additional 46,394 shares during the last quarter. Institutional investors and hedge funds own 9.03% of the stock.
UP Fintech Stock Performance
Tiger opened at $4.22 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.32. UP Fintech Holding Limited has a 12-month low of $3.01 and a 12-month high of $5.80. The company has a 50-day moving average of $4.39 and a 200-day moving average of $4.01. The company has a market cap of $705.33 million, a P/E ratio of 18.35 and a beta of 0.90.
UP Fintech (NASDAQ:TIGR – Get a free report) last released its financial results on Wednesday, June 5. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $78.95 million during the quarter. UP Fintech had a net margin of 12.95% and a return on equity of 7.64%.
About UP Fintech
UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which 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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