286,615 Shares in Strive, Inc. $ASST Acquired by Alpine Associates Management Inc.

Alpine Associates Management Inc. bought a new stake in shares of Strive, Inc. (NASDAQ:ASST) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 286,615 shares of the company’s stock, valued at approximately $717,000. Alpine Associates Management Inc. owned about 1.72% of Strive at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Gruss & Co. LLC purchased a new position in shares of Strive in the third quarter worth $38,000. Ground Swell Capital LLC purchased a new stake in shares of Strive during the second quarter valued at $40,000. Engineers Gate Manager LP bought a new stake in Strive in the 2nd quarter worth about $40,000. Osaic Holdings Inc. bought a new stake in Strive in the 2nd quarter worth about $41,000. Finally, Tower Research Capital LLC TRC raised its position in Strive by 180.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after buying an additional 7,057 shares during the last quarter. Institutional investors own 5.52% of the company’s stock.

Insider Activity at Strive

In other news, CEO Matthew Ryan Cole acquired 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were purchased at an average cost of $18.40 per share, for a total transaction of $460,000.00. Following the transaction, the chief executive officer directly owned 38,150 shares of the company’s stock, valued at approximately $701,960. This trade represents a 190.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have acquired 47,821 shares of company stock worth $829,285. 2.84% of the stock is owned by company insiders.

Strive Trading Down 4.8%

Shares of NASDAQ:ASST opened at $7.70 on Friday. The stock has a 50 day moving average of $16.52 and a 200 day moving average of $44.18. The company has a market cap of $480.25 million, a PE ratio of -1.28 and a beta of 16.87. Strive, Inc. has a 12-month low of $7.57 and a 12-month high of $268.40.

Strive (NASDAQ:ASST) last released its earnings results on Friday, November 14th. The company reported ($4.40) EPS for the quarter. The business had revenue of $1.54 million for the quarter.

Analysts Set New Price Targets

Several research firms have issued reports on ASST. Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a research note on Monday, December 29th. Maxim Group set a $30.00 price objective on shares of Strive and gave the company a “buy” rating in a report on Wednesday, December 10th. Finally, Wall Street Zen upgraded shares of Strive from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.00.

About Strive

Asset Entities, Inc (NASDAQ: ASST) is a specialty finance company that acquires, originates and services asset-backed loans and receivables across a range of industry sectors. The firm focuses on structuring and managing credit portfolios in equipment finance, commercial receivables and other asset-backed classes, employing securitization vehicles and bespoke financing solutions to deliver liquidity to underserved small- and mid-market borrowers.

Through its platform, Asset Entities leverages data-driven underwriting, risk management and portfolio optimization to create diversified exposure across end markets.