Team Hewins LLC Acquires New Stake in Upexi, Inc. (NASDAQ:UPXI)

Team Hewins LLC acquired a new stake in Upexi, Inc. (NASDAQ:UPXI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 428,254 shares of the company’s stock, valued at approximately $497,000. Team Hewins LLC owned approximately 2.11% of Upexi at the end of the most recent quarter.

Separately, Victory Capital Management Inc. bought a new stake in Upexi in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 5.68% of the company’s stock.

Insider Transactions at Upexi

In other news, CEO Allan Marshall purchased 103,013 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was bought at an average price of $0.70 per share, with a total value of $72,109.10. Following the acquisition, the chief executive officer now owns 2,861,881 shares in the company, valued at approximately $2,003,316.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 38.35% of the stock is currently owned by insiders.

Upexi Stock Performance

NASDAQ UPXI remained flat at $0.50 during trading on Friday. 43,188 shares of the company’s stock were exchanged, compared to its average volume of 85,706. The company has a quick ratio of 0.33, a current ratio of 0.93 and a debt-to-equity ratio of 0.44. Upexi, Inc. has a 52-week low of $0.38 and a 52-week high of $3.31. The company has a 50 day moving average of $0.50 and a 200 day moving average of $0.82.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners reissued a “neutral” rating and set a $1.25 price target (down from $3.00) on shares of Upexi in a research report on Thursday, February 15th.

Upexi Profile

Upexi, Inc manufactures and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc and changed its name to Upexi, Inc in August 2022. The company was incorporated in 2018 and is headquartered in Clearwater, Florida.