Alpine Global Management LLC Invests $194,000 in XBP Global Holdings, Inc. $XBP

Alpine Global Management LLC purchased a new stake in XBP Global Holdings, Inc. (NASDAQ:XBP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 240,128 shares of the company’s stock, valued at approximately $194,000. Alpine Global Management LLC owned approximately 0.20% of XBP Global at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in XBP Global during the third quarter worth $31,000. Nomura Holdings Inc. purchased a new stake in shares of XBP Global in the third quarter valued at about $863,000. HoldCo Asset Management LP purchased a new stake in shares of XBP Global in the third quarter valued at about $6,352,000. Bank of America Corp DE increased its position in XBP Global by 511,066.0% during the third quarter. Bank of America Corp DE now owns 1,579,503 shares of the company’s stock worth $1,275,000 after purchasing an additional 1,579,194 shares during the last quarter. Finally, Cantor Fitzgerald L. P. raised its stake in XBP Global by 9.4% during the third quarter. Cantor Fitzgerald L. P. now owns 6,636,853 shares of the company’s stock worth $5,356,000 after purchasing an additional 572,449 shares during the period. Institutional investors and hedge funds own 15.72% of the company’s stock.

XBP Global Stock Down 7.2%

Shares of XBP opened at $4.66 on Thursday. The company’s 50-day moving average price is $7.31 and its 200 day moving average price is $6.95. XBP Global Holdings, Inc. has a 12-month low of $4.11 and a 12-month high of $25.60. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 2.71. The firm has a market cap of $54.76 million, a P/E ratio of -2.12 and a beta of -0.39.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of XBP Global in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

About XBP Global

XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries. This segment also offers automation of accounts payable and accounts receivables processes and seeks to integrate buyers and suppliers, as well as engages in digital transformation business.