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

XBP Global Holdings, Inc. (NASDAQ:XBP) Director Randal Klein purchased 25,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of $2.44 per share, with a total value of $61,000.00. Following the transaction, the director owned 40,000 shares in the company, valued at $97,600. The trade was a 166.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

XBP Global Stock Up 19.3%

Shares of XBP traded up $0.40 during trading hours on Tuesday, hitting $2.47. The company had a trading volume of 58,955 shares, compared to its average volume of 13,434. The firm has a fifty day moving average price of $3.51 and a 200-day moving average price of $5.72. The company has a debt-to-equity ratio of 5.67, a quick ratio of 0.71 and a current ratio of 0.67. The stock has a market capitalization of $29.07 million, a price-to-earnings ratio of -0.75 and a beta of -0.39. XBP Global Holdings, Inc. has a 52-week low of $2.00 and a 52-week high of $25.60.

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

Hedge Funds Weigh In On XBP Global

A number of hedge funds have recently bought and sold shares of XBP. Allianz Asset Management GmbH purchased a new position in XBP Global in the 3rd quarter worth about $1,362,000. Vanguard Group Inc. raised its position in XBP Global by 6,119.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock worth $1,529,000 after buying an additional 1,864,748 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in XBP Global in the 3rd quarter worth about $504,000. Shay Capital LLC raised its position in XBP Global by 354.6% in the 3rd quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock worth $81,000 after buying an additional 78,001 shares during the last quarter. Finally, Man Group plc purchased a new position in XBP Global in the 3rd quarter worth about $1,817,000. Hedge funds and other institutional investors own 15.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 target price on shares of XBP Global in a research report on Friday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, XBP Global has a consensus rating of “Hold” and an average target price of $5.00.

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.