Belpointe Asset Management LLC Boosts Position in Innventure, Inc. $INV

Belpointe Asset Management LLC raised its stake in Innventure, Inc. (NASDAQ:INV) by 276.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 380,918 shares of the company’s stock after buying an additional 279,648 shares during the period. Belpointe Asset Management LLC’s holdings in Innventure were worth $2,206,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake in shares of Innventure by 937.6% during the second quarter. PNC Financial Services Group Inc. now owns 3,074,330 shares of the company’s stock valued at $14,757,000 after acquiring an additional 2,778,036 shares in the last quarter. Abundance Wealth Counselors purchased a new position in Innventure during the 2nd quarter worth $3,621,000. FWG Holdings LLC raised its position in Innventure by 899.9% during the 2nd quarter. FWG Holdings LLC now owns 143,691 shares of the company’s stock valued at $711,000 after purchasing an additional 129,321 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Innventure by 60.1% in the 2nd quarter. Geode Capital Management LLC now owns 312,201 shares of the company’s stock worth $1,499,000 after buying an additional 117,162 shares during the period. Finally, Cresset Asset Management LLC bought a new position in shares of Innventure during the 2nd quarter worth $354,000. 55.98% of the stock is currently owned by institutional investors.

Innventure Trading Up 5.9%

Shares of NASDAQ INV opened at $3.58 on Wednesday. Innventure, Inc. has a 1-year low of $2.36 and a 1-year high of $12.70. The business has a fifty day moving average price of $4.48 and a 200 day moving average price of $4.55. The stock has a market capitalization of $242.51 million, a P/E ratio of -2.37 and a beta of 0.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.31.

Innventure (NASDAQ:INV) last announced its earnings results on Thursday, November 13th. The company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.27). The firm had revenue of ($5.00) million during the quarter, compared to the consensus estimate of $1.98 million. Innventure had a negative return on equity of 29.39% and a negative net margin of 18,877.40%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Northland Securities set a $8.00 price objective on Innventure in a report on Thursday, January 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Innventure in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

Insider Activity at Innventure

In other Innventure news, CEO Gregory W. Haskell purchased 10,000 shares of Innventure stock in a transaction dated Wednesday, November 26th. The shares were acquired at an average cost of $5.14 per share, with a total value of $51,400.00. Following the completion of the transaction, the chief executive officer owned 762,115 shares in the company, valued at approximately $3,917,271.10. This trade represents a 1.33% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder We-Inn Llc sold 252,502 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $4.68, for a total value of $1,181,709.36. Following the completion of the sale, the insider directly owned 6,135,284 shares of the company’s stock, valued at $28,713,129.12. The trade was a 3.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have bought 58,786 shares of company stock valued at $244,245 and have sold 2,731,703 shares valued at $12,495,241. 23.64% of the stock is currently owned by insiders.

Innventure Company Profile

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.