MDB Capital (NASDAQ:MDBH) Announces Quarterly Earnings Results

MDB Capital (NASDAQ:MDBH) issued its quarterly earnings results on Monday. The company reported ($0.78) earnings per share (EPS) for the quarter, reports.

MDB Capital Stock Down 2.8 %

Shares of MDB Capital stock traded down $0.25 on Thursday, reaching $8.75. 798 shares of the company were exchanged, compared to its average volume of 8,721. The stock has a fifty day moving average price of $9.34 and a 200-day moving average price of $10.33. MDB Capital has a fifty-two week low of $7.35 and a fifty-two week high of $21.67.

Institutional Trading of MDB Capital

A hedge fund recently raised its stake in MDB Capital stock. Pasadena Private Wealth LLC increased its holdings in MDB Capital Holdings, LLC (NASDAQ:MDBH) by 50.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,000 shares of the company’s stock after purchasing an additional 25,000 shares during the period. Pasadena Private Wealth LLC owned approximately 0.17% of MDB Capital worth $769,000 at the end of the most recent reporting period. 0.35% of the stock is currently owned by hedge funds and other institutional investors.

About MDB Capital

MDB Capital Holdings, LLC, through its subsidiaries, primarily operates as a broker-dealer. The company operates through two segments, Broker Dealer & Intellectual Property Service, and Technology Development. The Broker Dealer & Intellectual Property Service segment operates as a full-service broker dealer that focuses on conducting private and public securities offerings, as well as providing research services for investment banking due diligence.