Angeles Wealth Management LLC Acquires New Stake in Innventure, Inc. $INV

Angeles Wealth Management LLC bought a new position in shares of Innventure, Inc. (NASDAQ:INV) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 68,957 shares of the company’s stock, valued at approximately $331,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Naviter Wealth LLC bought a new stake in Innventure during the second quarter worth approximately $141,000. Belpointe Asset Management LLC bought a new stake in Innventure during the second quarter worth approximately $486,000. Fortis Capital Advisors LLC bought a new stake in Innventure during the second quarter worth approximately $52,000. Abundance Wealth Counselors bought a new stake in Innventure during the second quarter worth approximately $3,621,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Innventure by 55.9% during the first quarter. Goldman Sachs Group Inc. now owns 110,593 shares of the company’s stock worth $853,000 after buying an additional 39,636 shares in the last quarter. 55.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Innventure in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $14.00.

Insider Buying and Selling

In related news, Director Daniel J. Hennessy sold 10,828 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $5.21, for a total value of $56,413.88. Following the completion of the transaction, the director owned 1,173,745 shares of the company’s stock, valued at approximately $6,115,211.45. This trade represents a 0.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 28,499 shares of company stock valued at $143,409. Company insiders own 23.13% of the company’s stock.

Innventure Stock Performance

Innventure stock opened at $3.47 on Friday. The company has a 50 day moving average price of $5.04 and a 200 day moving average price of $4.86. Innventure, Inc. has a 52 week low of $2.80 and a 52 week high of $14.95. The company has a quick ratio of 0.20, a current ratio of 0.29 and a debt-to-equity ratio of 0.04.

Innventure (NASDAQ:INV) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($1.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($1.43). Innventure had a negative return on equity of 33.64% and a negative net margin of 20,429.67%.The firm had revenue of $0.48 million during the quarter, compared to analyst estimates of $0.69 million.

About Innventure

Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.