Jane Street Group LLC Acquires New Shares in Longeveron Inc. (NASDAQ:LGVN)

Jane Street Group LLC purchased a new stake in Longeveron Inc. (NASDAQ:LGVN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,493 shares of the company’s stock, valued at approximately $35,000. Jane Street Group LLC owned 0.14% of Longeveron at the end of the most recent reporting period.

Separately, Virtu Financial LLC bought a new position in Longeveron in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 10.01% of the company’s stock.

Longeveron Price Performance

Shares of NASDAQ:LGVN opened at $1.27 on Tuesday. The firm has a fifty day moving average price of $1.41 and a two-hundred day moving average price of $1.60. Longeveron Inc. has a one year low of $0.77 and a one year high of $6.40. The company has a market cap of $18.96 million, a price-to-earnings ratio of -0.20 and a beta of 0.22.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Longeveron in a report on Friday, March 21st.

Longeveron Company Profile

Longeveron Inc, a clinical stage biotechnology company, develops cellular therapies for aging-related and life-threatening conditions in the United States and Japan. The company’s lead investigational product is the LOMECEL-B, an allogeneic mesenchymal stem cell formulation sourced from the bone marrow of young and healthy adult donors.