Fortis Group Advisors LLC Acquires Shares of 48,000 FiscalNote Holdings, Inc. (NYSE:NOTE)

Fortis Group Advisors LLC acquired a new stake in FiscalNote Holdings, Inc. (NYSE:NOTE) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 48,000 shares of the company’s stock, valued at approximately $51,000.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC grew its stake in shares of FiscalNote by 83.2% in the 4th quarter. SG Americas Securities LLC now owns 25,285 shares of the company’s stock valued at $27,000 after buying an additional 11,486 shares during the period. Arkadios Wealth Advisors purchased a new stake in shares of FiscalNote in the 4th quarter valued at approximately $40,000. Virtu Financial LLC purchased a new stake in shares of FiscalNote in the 3rd quarter valued at approximately $47,000. PFG Investments LLC grew its stake in shares of FiscalNote by 144.7% in the 4th quarter. PFG Investments LLC now owns 46,500 shares of the company’s stock valued at $50,000 after buying an additional 27,500 shares during the period. Finally, Barclays PLC grew its stake in shares of FiscalNote by 318.2% in the 3rd quarter. Barclays PLC now owns 86,286 shares of the company’s stock valued at $110,000 after buying an additional 65,655 shares during the period. Hedge funds and other institutional investors own 54.31% of the company’s stock.

FiscalNote Stock Performance

NYSE:NOTE opened at $1.76 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $247.84 million, a P/E ratio of -7.98 and a beta of 0.41. The company has a 50 day moving average price of $1.28 and a 200 day moving average price of $1.18. FiscalNote Holdings, Inc. has a fifty-two week low of $0.75 and a fifty-two week high of $2.27.

Insider Buying and Selling

In other FiscalNote news, Director Tim Hwang sold 56,795 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $1.22, for a total value of $69,289.90. Following the completion of the transaction, the director now owns 2,237,129 shares of the company’s stock, valued at $2,729,297.38. This trade represents a 2.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders sold 71,131 shares of company stock valued at $87,477. Company insiders own 41.75% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. D. Boral Capital reissued a “buy” rating and issued a $3.50 price target on shares of FiscalNote in a research note on Thursday, January 16th. EF Hutton Acquisition Co. I raised shares of FiscalNote to a “strong-buy” rating in a research note on Monday, October 28th. Finally, B. Riley lowered their price objective on shares of FiscalNote from $2.00 to $1.75 and set a “buy” rating for the company in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $2.83.

About FiscalNote

FiscalNote Holdings, Inc operates as technology company North America, Europe, Australia, and Asia. It combines artificial intelligence technology, machine learning, and other technologies with analytics, workflow tools, and expert research. The company also delivers that intelligence through its suite of public policy and issues management products, as well as powerful tools to manage workflows, advocacy campaigns, and constituent relationships.