Rhumbline Advisers Lowers Stake in UP Fintech Holding Limited (NASDAQ:TIGR)

Rhumbline Advisers lowered its stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 42.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,802 shares of the company’s stock after selling 5,033 shares during the period. Rhumbline Advisers’ holdings in UP Fintech were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in UP Fintech by 51.5% during the fourth quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock worth $59,000 after buying an additional 3,105 shares during the period. Burns Matteson Capital Management LLC purchased a new stake in UP Fintech during the fourth quarter worth $91,000. Alliance Wealth Advisors LLC UT purchased a new stake in UP Fintech during the fourth quarter worth $92,000. Asset Management One Co. Ltd. lifted its holdings in UP Fintech by 38.5% during the third quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock worth $84,000 after buying an additional 4,377 shares during the period. Finally, Diversify Advisory Services LLC purchased a new stake in UP Fintech during the fourth quarter worth $119,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

UP Fintech Stock Performance

Shares of TIGR opened at $7.07 on Wednesday. UP Fintech Holding Limited has a 12 month low of $3.10 and a 12 month high of $14.48. The stock has a fifty day moving average price of $7.13 and a 200-day moving average price of $6.40. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.31 billion, a PE ratio of 35.35 and a beta of 0.87.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft began coverage on UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price objective for the company.

UP Fintech Profile

UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.