Insider Buying: XBP Global (NASDAQ:XBP) Director Purchases 25,000 Shares of Stock

XBP Global Holdings, Inc. (NASDAQ:XBP) Director Randal Klein purchased 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average price of $2.44 per share, for a total transaction of $61,000.00. Following the acquisition, the director owned 40,000 shares of the company’s stock, valued at $97,600. This represents a 166.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

XBP Global Trading Up 19.3%

NASDAQ:XBP traded up $0.40 during trading hours on Tuesday, hitting $2.47. The company had a trading volume of 58,955 shares, compared to its average volume of 13,434. The company has a market capitalization of $29.07 million, a PE ratio of -0.75 and a beta of -0.39. The stock has a 50-day moving average price of $3.51 and a 200 day moving average price of $5.72. XBP Global Holdings, Inc. has a 52 week low of $2.00 and a 52 week high of $25.60. The company has a debt-to-equity ratio of 5.67, a current ratio of 0.67 and a quick ratio of 0.71.

XBP Global (NASDAQ:XBP) last released its quarterly earnings results on Monday, March 30th. The company reported ($7.75) earnings per share for the quarter. XBP Global had a net margin of 130.26% and a return on equity of 1,645.47%.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 price target on shares of XBP Global in a report on Friday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.00.

Institutional Trading of XBP Global

Hedge funds have recently modified their holdings of the business. Alpine Global Management LLC bought a new stake in shares of XBP Global during the 3rd quarter valued at $194,000. HoldCo Asset Management LP bought a new stake in shares of XBP Global during the 3rd quarter valued at $6,352,000. Cantor Fitzgerald L. P. boosted its holdings in shares of XBP Global by 9.4% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 6,636,853 shares of the company’s stock valued at $5,356,000 after buying an additional 572,449 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of XBP Global during the 3rd quarter valued at $863,000. Finally, Bank of America Corp DE raised its position in shares of XBP Global by 511,066.0% in the 3rd 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. Institutional investors own 15.72% of the company’s stock.

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.