Cubist Systematic Strategies LLC Acquires New Position in BM Technologies, Inc. (NYSE:BMTX)

Cubist Systematic Strategies LLC acquired a new stake in BM Technologies, Inc. (NYSE:BMTX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,200 shares of the company’s stock, valued at approximately $55,000. Cubist Systematic Strategies LLC owned approximately 0.09% of BM Technologies as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Capital Investment Advisory Services LLC acquired a new position in shares of BM Technologies in the fourth quarter valued at approximately $79,000. XTX Topco Ltd purchased a new position in BM Technologies in the fourth quarter worth approximately $106,000. Dimensional Fund Advisors LP lifted its stake in BM Technologies by 27.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 38,475 shares of the company’s stock worth $188,000 after acquiring an additional 8,175 shares during the last quarter. JBF Capital Inc. purchased a new position in BM Technologies in the fourth quarter worth approximately $295,000. Finally, Renaissance Technologies LLC lifted its stake in BM Technologies by 72.3% in the fourth quarter. Renaissance Technologies LLC now owns 127,000 shares of the company’s stock worth $621,000 after acquiring an additional 53,297 shares during the last quarter. Institutional investors and hedge funds own 20.15% of the company’s stock.

BM Technologies Price Performance

Shares of BM Technologies stock opened at $5.00 on Tuesday. BM Technologies, Inc. has a 52-week low of $2.00 and a 52-week high of $5.16. The company has a 50 day moving average of $5.00 and a 200 day moving average of $4.92. The company has a market capitalization of $60.50 million, a P/E ratio of -4.50 and a beta of 0.17.

BM Technologies Company Profile

BM Technologies, Inc, a financial technology company, facilitates deposits and banking services between a customer and its partner banks in the United States. It offers digital banking and disbursement services to consumers and students through a full service fintech banking platform. The company was formerly known as BankMobile Technologies, Inc and changed its name to BM Technologies, Inc in January 2021.