SG Americas Securities LLC Invests $78,000 in UP Fintech Holding Limited (NASDAQ:TIGR)

SG Americas Securities LLC purchased a new stake in UP Fintech Holding Limited (NASDAQ:TIGR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,495 shares of the company’s stock, valued at approximately $78,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in UP Fintech by 308.9% in the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock valued at $26,000 after buying an additional 5,804 shares in the last quarter. Headlands Technologies LLC acquired a new stake in UP Fintech during the first quarter worth about $34,000. Virtu Financial LLC raised its stake in UP Fintech by 61.3% during the first quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock worth $93,000 after purchasing an additional 10,329 shares during the period. Cetera Advisors LLC acquired a new stake in shares of UP Fintech during the 1st quarter worth approximately $117,000. Finally, GSA Capital Partners LLP raised its position in shares of 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 buying an additional 46,394 shares during the period. Institutional investors and hedge funds own 9.03% of the company’s stock.

UP Fintech Trading Down 1.3 %

TIGR opened at $3.86 on Wednesday. The business’s 50 day moving average price is $4.14 and its 200 day moving average price is $4.01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $645.16 million, a PE ratio of 16.78 and a beta of 0.91. UP Fintech Holding Limited has a one year low of $3.10 and a one year high of $5.80.

UP Fintech (NASDAQ:TIGR) last announced its earnings results on Wednesday, June 5th. The company reported $0.08 EPS for the quarter. The company had revenue of $78.95 million during the quarter. UP Fintech had a return on equity of 7.64% and a net margin of 12.95%.

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; and account management services.