Innventure, Inc. $INV Stock Position Lifted by Yorkville Advisors Global LP

Yorkville Advisors Global LP boosted its stake in shares of Innventure, Inc. (NASDAQ:INV) by 17,166.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,295,000 shares of the company’s stock after purchasing an additional 1,287,500 shares during the period. Innventure comprises approximately 3.4% of Yorkville Advisors Global LP’s holdings, making the stock its 6th largest position. Yorkville Advisors Global LP owned approximately 1.91% of Innventure worth $5,413,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WESPAC Advisors LLC purchased a new position in Innventure during the fourth quarter valued at approximately $42,000. Diversify Advisory Services LLC purchased a new position in Innventure during the fourth quarter valued at approximately $44,000. Carmel Capital Partners LLC purchased a new position in Innventure during the fourth quarter valued at approximately $63,000. Robertson Stephens Wealth Management LLC purchased a new position in Innventure during the fourth quarter valued at approximately $90,000. Finally, Jane Street Group LLC purchased a new position in Innventure during the first quarter valued at approximately $172,000. 55.98% of the stock is owned by hedge funds and other institutional investors.

Innventure Stock Down 4.2%

INV opened at $6.56 on Thursday. The business has a 50 day moving average price of $5.67 and a 200 day moving average price of $4.55. Innventure, Inc. has a twelve month low of $2.36 and a twelve month high of $7.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.34 and a current ratio of 1.37. The firm has a market cap of $551.30 million, a P/E ratio of -2.33 and a beta of 0.38.

Innventure (NASDAQ:INV) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.10. Innventure had a negative net margin of 5,225.19% and a negative return on equity of 34.73%. The company had revenue of ($3.53) million for the quarter, compared to analyst estimates of $1.65 million. Research analysts forecast that Innventure, Inc. will post -0.9 EPS for the current year.

Insider Buying and Selling at Innventure

In other news, Director Daniel J. Hennessy sold 582,139 shares of the business’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $5.52, for a total value of $3,213,407.28. Following the completion of the sale, the director directly owned 182,358 shares in the company, valued at approximately $1,006,616.16. The trade was a 76.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 23.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Weiss Ratings raised shares of Innventure from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Innventure from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell” and a consensus price target of $8.00.

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.