Yorkville Advisors Global LP Invests $6.94 Million in Prestige Wealth Inc. $AURE

Yorkville Advisors Global LP acquired a new position in shares of Prestige Wealth Inc. (NASDAQ:AURE) during the 4th quarter, Holdings Channel reports. The fund acquired 27,777,778 shares of the company’s stock, valued at approximately $6,939,000. Prestige Wealth accounts for about 4.4% of Yorkville Advisors Global LP’s portfolio, making the stock its 4th largest holding. Yorkville Advisors Global LP owned 0.08% of Prestige Wealth at the end of the most recent quarter.

Prestige Wealth Stock Down 3.2%

Shares of AURE stock opened at $2.45 on Thursday. The company has a 50 day moving average of $2.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 59.95 and a current ratio of 59.95. The firm has a market capitalization of $84.77 million, a P/E ratio of -2.72 and a beta of 2.36. Prestige Wealth Inc. has a 52 week low of $1.50 and a 52 week high of $14.60.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Prestige Wealth in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Prestige Wealth has an average rating of “Sell”.

Prestige Wealth Profile

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.