HoldCo Asset Management LP Buys New Position in XBP Global Holdings, Inc. $XBP

HoldCo Asset Management LP bought a new stake in XBP Global Holdings, Inc. (NASDAQ:XBP) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,871,416 shares of the company’s stock, valued at approximately $6,352,000. XBP Global makes up about 0.7% of HoldCo Asset Management LP’s investment portfolio, making the stock its 13th largest position. HoldCo Asset Management LP owned about 0.07% of XBP Global at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clear Harbor Asset Management LLC purchased a new stake in shares of XBP Global during the third quarter worth about $42,000. Shay Capital LLC raised its position in shares of XBP Global by 354.6% in the third quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock valued at $81,000 after buying an additional 78,001 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of XBP Global during the third quarter valued at approximately $504,000. Bank of America Corp DE lifted its stake in shares of 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 valued at $1,275,000 after buying an additional 1,579,194 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in XBP Global during the third quarter worth approximately $1,362,000. 15.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

XBP Global Stock Up 6.5%

XBP opened at $5.74 on Monday. XBP Global Holdings, Inc. has a 12 month low of $4.11 and a 12 month high of $25.60. The business has a 50-day moving average of $7.48 and a two-hundred day moving average of $6.97. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.73 and a quick ratio of 0.70. The stock has a market capitalization of $67.45 million, a price-to-earnings ratio of -2.61 and a beta of -0.39.

XBP Global Company Profile

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.