BRC Group Holdings Inc. Has $640,000 Holdings in XBP Global Holdings, Inc. $XBP

BRC Group Holdings Inc. lowered its position in XBP Global Holdings, Inc. (NASDAQ:XBP) by 78.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 93,951 shares of the company’s stock after selling 332,301 shares during the period. XBP Global comprises approximately 0.3% of BRC Group Holdings Inc.’s holdings, making the stock its 10th largest position. BRC Group Holdings Inc.’s holdings in XBP Global were worth $640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Allianz Asset Management GmbH bought a new stake in XBP Global in the third quarter worth $1,362,000. Vanguard Group Inc. increased 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 purchasing an additional 1,864,748 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of XBP Global in the 3rd quarter valued at about $504,000. Shay Capital LLC lifted its holdings in shares of XBP Global by 354.6% in the 3rd quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock valued at $81,000 after acquiring an additional 78,001 shares during the last quarter. Finally, Man Group plc bought a new position in shares of XBP Global in the 3rd quarter valued at about $1,817,000. Institutional investors own 15.72% of the company’s stock.

XBP Global Stock Performance

Shares of NASDAQ:XBP opened at $2.45 on Friday. The firm has a market cap of $28.84 million, a PE ratio of -0.75 and a beta of -0.39. The firm’s 50 day simple moving average is $3.08 and its 200-day simple moving average is $5.54. XBP Global Holdings, Inc. has a one year low of $2.00 and a one year high of $25.60. The company has a debt-to-equity ratio of 5.67, a quick ratio of 0.64 and a current ratio of 0.67.

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

Insider Transactions at XBP Global

In other XBP Global news, Director Randal T. Klein acquired 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average cost of $2.44 per share, with a total value of $61,000.00. Following the completion of the acquisition, the director directly owned 40,000 shares in the company, valued at $97,600. This represents a 166.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.