Burns Matteson Capital Management LLC Has $157,000 Position in UP Fintech Holding Limited (NASDAQ:TIGR)

Burns Matteson Capital Management LLC grew its stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 29.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 18,320 shares of the company’s stock after buying an additional 4,201 shares during the period. Burns Matteson Capital Management LLC’s holdings in UP Fintech were worth $157,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in UP Fintech by 17.4% during the first quarter. GAMMA Investing LLC now owns 10,728 shares of the company’s stock worth $92,000 after buying an additional 1,592 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in UP Fintech by 527.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock valued at $30,000 after acquiring an additional 3,901 shares during the last quarter. Deutsche Bank AG acquired a new stake in UP Fintech in the fourth quarter worth $38,000. Vident Advisory LLC raised its holdings in UP Fintech by 15.0% in the fourth quarter. Vident Advisory LLC now owns 74,172 shares of the company’s stock worth $479,000 after purchasing an additional 9,680 shares during the period. Finally, Tairen Capital Ltd acquired a new stake in shares of UP Fintech during the fourth quarter worth $68,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

UP Fintech Price Performance

Shares of NASDAQ:TIGR opened at $9.92 on Friday. The firm has a 50 day moving average of $9.05 and a 200-day moving average of $8.04. The stock has a market capitalization of $1.83 billion, a PE ratio of 22.04, a PEG ratio of 0.89 and a beta of 0.67. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.23. UP Fintech Holding Limited has a 12 month low of $3.36 and a 12 month high of $14.48.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings data on Friday, May 30th. The company reported $0.20 earnings per share (EPS) for the quarter. UP Fintech had a net margin of 18.11% and a return on equity of 13.19%. The business had revenue of $122.61 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of UP Fintech from a “hold” rating to a “buy” rating in a research note on Saturday, May 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, UP Fintech has an average rating of “Moderate Buy” and an average target price of $8.83.

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.