Randal Klein Buys 25,000 Shares of XBP Global (NASDAQ:XBP) Stock

XBP Global Holdings, Inc. (NASDAQ:XBP) Director Randal Klein bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average cost of $2.44 per share, for a total transaction of $61,000.00. Following the completion of the acquisition, the director owned 40,000 shares in the company, valued at $97,600. This trade represents a 166.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

XBP Global Price Performance

Shares of XBP Global stock opened at $2.41 on Thursday. XBP Global Holdings, Inc. has a one year low of $2.00 and a one year high of $25.60. The stock’s fifty day moving average is $3.45 and its 200 day moving average is $5.70. The stock has a market cap of $28.37 million, a P/E ratio of -0.73 and a beta of -0.39. The company has a debt-to-equity ratio of 5.67, a quick ratio of 0.71 and a current ratio of 0.67.

XBP Global (NASDAQ:XBP) last announced its earnings results on Monday, March 30th. The company reported ($7.75) EPS for the quarter. XBP Global had a return on equity of 1,645.47% and a net margin of 130.26%.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 target price on shares of XBP Global in a report on Friday, May 15th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, XBP Global has a consensus rating of “Hold” and an average target price of $5.00.

Institutional Investors Weigh In On XBP Global

A number of institutional investors and hedge funds have recently bought and sold shares of the business. HoldCo Asset Management LP purchased a new position in XBP Global in the third quarter worth about $6,352,000. Cantor Fitzgerald L. P. grew its position in XBP Global by 9.4% in the third quarter. Cantor Fitzgerald L. P. now owns 6,636,853 shares of the company’s stock worth $5,356,000 after acquiring an additional 572,449 shares in the last quarter. Man Group plc purchased a new position in XBP Global in the third quarter worth about $1,817,000. Vanguard Group Inc. grew its position in XBP Global by 6,119.5% in the third quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock worth $1,529,000 after acquiring an additional 1,864,748 shares in the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in XBP Global in the third quarter worth about $1,362,000. 15.72% of the stock is owned by institutional investors.

XBP Global Company Profile

XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries. This segment also offers automation of accounts payable and accounts receivables processes and seeks to integrate buyers and suppliers, as well as engages in digital transformation business.