XBP Global (NASDAQ:XBP) Director Randal Klein Acquires 25,000 Shares of Stock

XBP Global Holdings, Inc. (NASDAQ:XBP) Director Randal Klein purchased 25,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average price of $2.44 per share, with a total value of $61,000.00. Following the completion of the transaction, the director owned 40,000 shares of the company’s stock, valued at $97,600. The trade was a 166.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

XBP Global Stock Up 19.3%

NASDAQ:XBP opened at $2.47 on Wednesday. XBP Global Holdings, Inc. has a twelve month low of $2.00 and a twelve month high of $25.60. The company has a market cap of $29.07 million, a price-to-earnings ratio of -0.75 and a beta of -0.39. The stock has a fifty day simple moving average of $3.51 and a 200-day simple moving average of $5.72. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 5.67.

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

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reiterated an “overweight” rating and set a $5.00 target price on shares of XBP Global in a research report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, XBP Global has a consensus rating of “Hold” and a consensus price target of $5.00.

Hedge Funds Weigh In On XBP Global

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in shares of XBP Global during the third quarter valued at $31,000. Shay Capital LLC increased its stake in shares of XBP Global by 354.6% during the third quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock valued at $81,000 after buying an additional 78,001 shares during the period. Alpine Global Management LLC purchased a new position in shares of XBP Global during the third quarter valued at $194,000. Cantor Fitzgerald L. P. increased its stake in shares of XBP Global by 9.4% during the third 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 during the period. Finally, Jefferies Financial Group Inc. purchased a new position in shares of XBP Global during the third quarter valued at $504,000. Hedge funds and other 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.