Prestige Wealth (NASDAQ:AURE) Shares to Reverse Split on Thursday, February 19th

Shares of Prestige Wealth Inc. (NASDAQ:AURE) are set to reverse split on the morning of Thursday, February 19th. The 1-10 reverse split was announced on Friday, February 13th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, February 18th.

Prestige Wealth Stock Performance

Shares of NASDAQ:AURE opened at $0.23 on Friday. Prestige Wealth has a 52-week low of $0.18 and a 52-week high of $1.46.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on Prestige Wealth in a report on Monday, January 26th. They set a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Prestige Wealth presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Prestige Wealth

A hedge fund recently bought a new stake in Prestige Wealth stock. Yorkville Advisors Global LP acquired a new stake in Prestige Wealth Inc. (NASDAQ:AURE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 27,777,778 shares of the company’s stock, valued at approximately $6,939,000. Prestige Wealth comprises approximately 4.4% of Yorkville Advisors Global LP’s portfolio, making the stock its 4th biggest position. Yorkville Advisors Global LP owned approximately 7.54% of Prestige Wealth as of its most recent filing with the Securities and Exchange Commission. 7.68% of the stock is owned by institutional investors and hedge funds.

About Prestige Wealth

Through our subsidiaries, we are a wealth management and asset management services provider based in Hong Kong, with the majority of our subsidiaries’ operations in Hong Kong. Our subsidiaries assist their clients in identifying and purchasing well matched wealth management products and global asset management products. Our subsidiaries’ clients for both wealth management and asset management services are primarily high net worth and ultra-high net worth individuals in Asia, and a majority of our subsidiaries’ clients reside in mainland China or Hong Kong.