JBF Capital Inc. Makes New $295,000 Investment in BM Technologies, Inc. (NYSE:BMTX)

JBF Capital Inc. bought a new stake in shares of BM Technologies, Inc. (NYSE:BMTX) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 60,400 shares of the company’s stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BMTX. Capital Investment Advisory Services LLC purchased a new position in BM Technologies during the 4th quarter valued at $79,000. XTX Topco Ltd bought a new position in BM Technologies in the fourth quarter worth about $106,000. Dimensional Fund Advisors LP lifted its holdings in BM Technologies by 27.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 38,475 shares of the company’s stock worth $188,000 after buying an additional 8,175 shares during the period. Geode Capital Management LLC boosted its position in BM Technologies by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 96,667 shares of the company’s stock valued at $329,000 after acquiring an additional 4,031 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of BM Technologies during the 4th quarter worth approximately $611,000. Hedge funds and other institutional investors own 20.15% of the company’s stock.

BM Technologies Price Performance

BMTX opened at $5.00 on Friday. BM Technologies, Inc. has a 52 week low of $1.45 and a 52 week high of $5.16. The stock has a market cap of $60.50 million, a PE ratio of -4.50 and a beta of 0.17. The business has a 50 day moving average of $5.00 and a 200-day moving average of $4.73.

BM Technologies Profile

BM Technologies, Inc, a financial technology company, facilitates deposits and banking services between a customer and its partner banks in the United States. It offers digital banking and disbursement services to consumers and students through a full service fintech banking platform. The company was formerly known as BankMobile Technologies, Inc and changed its name to BM Technologies, Inc in January 2021.