GAMMA Investing LLC Buys 2,104 Shares of UP Fintech Holding Limited (NASDAQ:TIGR)

GAMMA Investing LLC lifted its stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 53.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,031 shares of the company’s stock after acquiring an additional 2,104 shares during the quarter. GAMMA Investing LLC’s holdings in UP Fintech were worth $32,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sparta 24 Ltd. bought a new position in shares of UP Fintech in the second quarter worth approximately $6,186,000. Marshall Wace LLP boosted its stake in shares of UP Fintech by 52.8% in the second quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock worth $4,671,000 after acquiring an additional 384,213 shares during the period. Russell Investments Group Ltd. grew its position in shares of UP Fintech by 6,367.8% during the first quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock worth $1,560,000 after purchasing an additional 446,572 shares in the last quarter. GSA Capital Partners LLP raised its stake in UP Fintech by 19.8% during the 1st 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 period. Finally, Renaissance Technologies LLC raised its stake in UP Fintech by 162.7% during the 2nd quarter. Renaissance Technologies LLC now owns 92,441 shares of the company’s stock valued at $388,000 after purchasing an additional 57,257 shares during the period. 9.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup cut their price objective on shares of UP Fintech from $6.49 to $5.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd.

UP Fintech Stock Up 0.6 %

Shares of TIGR stock opened at $7.22 on Friday. UP Fintech Holding Limited has a 52 week low of $3.10 and a 52 week high of $14.48. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $5.11 and its two-hundred day simple moving average is $4.41. The stock has a market cap of $1.21 billion, a P/E ratio of 31.39 and a beta of 0.93.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings data on Friday, August 30th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The firm had revenue of $87.44 million during the quarter. UP Fintech had a return on equity of 5.35% and a net margin of 8.59%.

UP Fintech Company Profile

UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor 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 services.