29,471 Shares in Innventure, Inc. $INV Bought by Naviter Wealth LLC

Naviter Wealth LLC acquired a new position in shares of Innventure, Inc. (NASDAQ:INV) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 29,471 shares of the company’s stock, valued at approximately $141,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INV. Abundance Wealth Counselors acquired a new position in Innventure during the second quarter worth $3,621,000. PNC Financial Services Group Inc. acquired a new position in Innventure during the first quarter worth $2,284,000. Belpointe Asset Management LLC purchased a new position in Innventure during the second quarter worth $486,000. Goldman Sachs Group Inc. increased its position in Innventure by 55.9% during the first quarter. Goldman Sachs Group Inc. now owns 110,593 shares of the company’s stock worth $853,000 after buying an additional 39,636 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Innventure during the first quarter worth $172,000. 55.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Innventure in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $14.00.

Innventure Stock Performance

Innventure stock opened at $3.32 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.29 and a quick ratio of 0.20. The stock has a fifty day moving average of $5.10 and a two-hundred day moving average of $4.92. Innventure, Inc. has a fifty-two week low of $2.80 and a fifty-two week high of $14.95.

Innventure (NASDAQ:INV) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($1.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($1.43). The business had revenue of $0.48 million during the quarter, compared to analysts’ expectations of $0.69 million. Innventure had a negative net margin of 20,429.67% and a negative return on equity of 33.64%.

Insider Activity at Innventure

In other news, Director Daniel J. Hennessy sold 10,828 shares of Innventure stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $5.21, for a total value of $56,413.88. Following the completion of the sale, the director owned 1,173,745 shares of the company’s stock, valued at $6,115,211.45. The trade was a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 28,499 shares of company stock valued at $143,409 over the last ninety days. 23.13% of the stock is owned by insiders.

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.