BRC Group Holdings Inc. Cuts Stock Position in XBP Global Holdings, Inc. $XBP

BRC Group Holdings Inc. trimmed its position in shares of XBP Global Holdings, Inc. (NASDAQ:XBP) by 78.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,951 shares of the company’s stock after selling 332,301 shares during the quarter. XBP Global makes up approximately 0.3% of BRC Group Holdings Inc.’s holdings, making the stock its 10th largest position. BRC Group Holdings Inc. owned 0.80% of XBP Global worth $640,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new stake in XBP Global during the 3rd quarter valued at approximately $31,000. Shay Capital LLC boosted its position 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 worth $81,000 after purchasing an additional 78,001 shares in the last quarter. Alpine Global Management LLC bought a new stake in shares of XBP Global in the 3rd quarter worth approximately $194,000. Cantor Fitzgerald L. P. boosted its position in shares of XBP Global by 9.4% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 6,636,853 shares of the company’s stock worth $5,356,000 after purchasing an additional 572,449 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in shares of XBP Global in the 3rd quarter worth approximately $504,000. 15.72% of the stock is owned by institutional investors.

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 report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, XBP Global presently has a consensus rating of “Hold” and an average target price of $5.00.

XBP Global Trading Down 7.5%

NASDAQ:XBP opened at $2.45 on Friday. The company has a debt-to-equity ratio of 5.67, a current ratio of 0.67 and a quick ratio of 0.64. The firm has a market capitalization of $28.84 million, a price-to-earnings ratio of -0.75 and a beta of -0.39. XBP Global Holdings, Inc. has a one year low of $2.00 and a one year high of $25.60. The business has a fifty day moving average price of $3.08 and a 200-day moving average price of $5.54.

XBP Global (NASDAQ:XBP) last posted its quarterly earnings data 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%.

Insider Activity at XBP Global

In related news, Director Randal T. Klein acquired 25,000 shares of XBP Global stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average cost of $2.44 per share, for a total transaction of $61,000.00. Following the purchase, the director directly owned 40,000 shares of the company’s stock, valued at approximately $97,600. This trade represents a 166.67% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 31.40% of the stock is owned by company insiders.

XBP Global 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.