SHF Holdings, Inc. $SHFS Shares Sold by M3F Inc.

M3F Inc. decreased its holdings in SHF Holdings, Inc. (NASDAQ:SHFS) by 95.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,342 shares of the company’s stock after selling 5,271,359 shares during the quarter. SHF comprises about 0.3% of M3F Inc.’s portfolio, making the stock its 28th biggest position. M3F Inc. owned approximately 10.00% of SHF worth $1,194,000 at the end of the most recent quarter.

Separately, Renaissance Technologies LLC boosted its position in shares of SHF by 417.5% in the 4th quarter. Renaissance Technologies LLC now owns 147,930 shares of the company’s stock worth $67,000 after purchasing an additional 119,345 shares in the last quarter. 29.19% of the stock is currently owned by hedge funds and other institutional investors.

SHF Price Performance

SHF stock opened at $2.26 on Thursday. The business has a fifty day moving average price of $2.74 and a 200-day moving average price of $3.63. SHF Holdings, Inc. has a 1-year low of $1.84 and a 1-year high of $13.00. The stock has a market capitalization of $6.60 million, a price-to-earnings ratio of 0.66 and a beta of 0.44.

SHF (NASDAQ:SHFS) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.33) earnings per share for the quarter. The firm had revenue of $1.85 million for the quarter. SHF had a negative net margin of 480.80% and a negative return on equity of 417.35%.

SHF Profile

SHF Holdings, Inc, through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments.