Mangrove Partners IM LLC Purchases New Holdings in Better Home & Finance Holding Company $BETR

Mangrove Partners IM LLC purchased a new stake in Better Home & Finance Holding Company (NASDAQ:BETR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,132 shares of the company’s stock, valued at approximately $623,000. Mangrove Partners IM LLC owned about 0.12% of Better Home & Finance as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of BETR. FNY Investment Advisers LLC purchased a new position in Better Home & Finance in the third quarter valued at about $29,000. JPMorgan Chase & Co. acquired a new stake in Better Home & Finance during the second quarter valued at approximately $29,000. Russell Investments Group Ltd. acquired a new stake in Better Home & Finance during the third quarter valued at approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Better Home & Finance during the second quarter valued at approximately $33,000. Finally, Activest Wealth Management acquired a new stake in Better Home & Finance during the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 20.94% of the company’s stock.

Insider Buying and Selling at Better Home & Finance

In other Better Home & Finance news, CEO Vishal Garg bought 15,600 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $390,000.00. Following the transaction, the chief executive officer directly owned 118,260 shares in the company, valued at $2,956,500. The trade was a 15.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harit Talwar bought 5,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of $25.34 per share, for a total transaction of $126,700.00. Following the completion of the transaction, the director owned 44,698 shares in the company, valued at $1,132,647.32. This trade represents a 12.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 234,234 shares of company stock worth $6,980,039. Corporate insiders own 27.72% of the company’s stock.

Better Home & Finance Trading Up 1.5%

Shares of Better Home & Finance stock opened at $29.25 on Wednesday. The business’s 50 day simple moving average is $32.64 and its 200-day simple moving average is $33.93. The stock has a market capitalization of $551.95 million, a price-to-earnings ratio of -2.49 and a beta of 1.69. Better Home & Finance Holding Company has a twelve month low of $11.90 and a twelve month high of $94.06.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Monday, April 20th. Needham & Company LLC assumed coverage on Better Home & Finance in a research note on Monday, May 4th. They set a “buy” rating and a $53.00 price objective on the stock. BTIG Research assumed coverage on Better Home & Finance in a research note on Tuesday. They set a “buy” rating and a $36.00 price objective on the stock. Wall Street Zen cut Better Home & Finance from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 17th. Finally, Roth Mkm started coverage on Better Home & Finance in a research report on Monday. They set a “buy” rating and a $35.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $41.00.

Better Home & Finance Profile

Better Home & Finance Holding Co engages in the provision of comprehensive homeownership services. It offers mortgage loans, real estate agent services, and title and homeowner’s insurance services. The company was founded in 2014 and is headquartered in New York, NY.