Belpointe Asset Management LLC Buys 279,648 Shares of Innventure, Inc. $INV

Belpointe Asset Management LLC boosted its stake in shares of Innventure, Inc. (NASDAQ:INV) by 276.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 380,918 shares of the company’s stock after acquiring an additional 279,648 shares during the period. Belpointe Asset Management LLC owned 0.68% of Innventure worth $2,206,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in shares of Innventure by 55.9% during the first quarter. Goldman Sachs Group Inc. now owns 110,593 shares of the company’s stock valued at $853,000 after purchasing an additional 39,636 shares in the last quarter. Jane Street Group LLC bought a new position in Innventure during the first quarter valued at approximately $172,000. Abundance Wealth Counselors purchased a new position in Innventure during the 2nd quarter valued at approximately $3,621,000. Fortis Capital Advisors LLC bought a new stake in Innventure in the 2nd quarter worth approximately $52,000. Finally, Naviter Wealth LLC purchased a new stake in shares of Innventure during the 2nd quarter worth approximately $141,000. Hedge funds and other institutional investors own 55.98% of the company’s stock.

Innventure Stock Up 5.9%

Shares of INV opened at $3.58 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.39 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $4.48 and a 200 day moving average of $4.55. The company has a market cap of $242.51 million, a PE ratio of -2.37 and a beta of 0.10. Innventure, Inc. has a 52-week low of $2.36 and a 52-week high of $12.70.

Innventure (NASDAQ:INV) last announced its earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.27). The firm had revenue of ($5.00) million during the quarter, compared to analysts’ expectations of $1.98 million. Innventure had a negative net margin of 18,877.40% and a negative return on equity of 29.39%.

Analyst Ratings Changes

A number of research firms recently weighed in on INV. Weiss Ratings reissued a “sell (d-)” rating on shares of Innventure in a report on Monday, December 29th. Northland Securities set a $8.00 price objective on shares of Innventure in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Innventure currently has a consensus rating of “Moderate Buy” and an average price target of $8.00.

Insiders Place Their Bets

In other Innventure news, CEO Gregory W. Haskell bought 10,000 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was acquired at an average price of $5.14 per share, for a total transaction of $51,400.00. Following the completion of the transaction, the chief executive officer directly owned 762,115 shares of the company’s stock, valued at approximately $3,917,271.10. This represents a 1.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Hennessy sold 55,840 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $5.19, for a total value of $289,809.60. Following the transaction, the director directly owned 761,095 shares in the company, valued at approximately $3,950,083.05. This represents a 6.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have purchased 58,786 shares of company stock valued at $244,245 and have sold 2,731,703 shares valued at $12,495,241. 23.64% of the stock is currently owned by company insiders.

About Innventure

Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.