Jefferies Financial Group Inc. Has $476,000 Stake in XBP Global Holdings, Inc. $XBP

Jefferies Financial Group Inc. trimmed its holdings in shares of XBP Global Holdings, Inc. (NASDAQ:XBP) by 88.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,871 shares of the company’s stock after selling 555,129 shares during the quarter. Jefferies Financial Group Inc. owned about 0.59% of XBP Global worth $476,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of XBP. Allianz Asset Management GmbH acquired a new position in XBP Global during the third quarter worth $1,362,000. Vanguard Group Inc. increased its position in XBP Global by 6,119.5% during the third quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock worth $1,529,000 after buying an additional 1,864,748 shares during the last quarter. Shay Capital LLC increased its position in XBP Global by 354.6% during the third quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock worth $81,000 after buying an additional 78,001 shares during the last quarter. Man Group plc acquired a new position in XBP Global during the third quarter worth $1,817,000. Finally, Cantor Fitzgerald L. P. increased its position in XBP Global by 9.4% during the third quarter. Cantor Fitzgerald L. P. now owns 6,636,853 shares of the company’s stock worth $5,356,000 after buying an additional 572,449 shares during the last quarter. 15.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity

In other XBP Global news, Director Randal T. Klein purchased 25,000 shares of the stock in a transaction dated 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 transaction, the director owned 40,000 shares in the company, valued at $97,600. This trade represents a 166.67% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 31.40% of the company’s stock.

XBP Global Trading Down 7.5%

Shares of NASDAQ:XBP opened at $2.45 on Friday. The company has a market cap of $28.84 million, a P/E ratio of -0.75 and a beta of -0.39. The stock’s 50-day moving average is $3.08 and its 200-day moving average is $5.54. XBP Global Holdings, Inc. has a 52-week low of $2.00 and a 52-week 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 results 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%.

About XBP Global

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.