Penserra Capital Management LLC bought a new stake in shares of cbdMD, Inc. (NYSEAMERICAN:YCBD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,926 shares of the company’s stock, valued at approximately $90,000. Penserra Capital Management LLC owned about 0.08% of cbdMD as of its most recent SEC filing.
Separately, State Street Corp boosted its holdings in cbdMD by 17.4% in the third quarter. State Street Corp now owns 150,518 shares of the company’s stock worth $596,000 after acquiring an additional 22,318 shares in the last quarter.
Shares of YCBD stock opened at $3.03 on Tuesday. cbdMD, Inc. has a twelve month low of $2.54 and a twelve month high of $7.24.
A number of research analysts have issued reports on YCBD shares. Cantor Fitzgerald began coverage on shares of cbdMD in a report on Thursday, November 7th. They issued a “neutral” rating for the company. Benchmark assumed coverage on shares of cbdMD in a research note on Tuesday, September 10th. They set a “buy” rating and a $9.00 price objective for the company.
cbdMD Company Profile
cbdMD, Inc produces and distributes various cannibidiol (CBD) products in the United States. It operates through three segments: Products, Licensing, and Entertainment. The Products segment produces and markets CBD tinctures, capsules, gummies, bath bombs, vape oils, topical creams, and animal treats and oils under the cdbMD brand.
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