Yorkville Advisors Global LP Makes New Investment in Strive, Inc. $ASST

Yorkville Advisors Global LP purchased a new stake in Strive, Inc. (NASDAQ:ASST) during the third quarter, according to its most recent filing with the SEC. The firm purchased 37,037,037 shares of the company’s stock, valued at approximately $92,593,000. Strive accounts for 18.9% of Yorkville Advisors Global LP’s portfolio, making the stock its 3rd biggest holding. Yorkville Advisors Global LP owned about 5.93% of Strive at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Two Sigma Investments LP purchased a new position in Strive in the third quarter valued at about $27,000. Verition Fund Management LLC purchased a new stake in shares of Strive during the third quarter valued at about $28,000. Gruss & Co. LLC bought a new stake in shares of Strive in the 3rd quarter valued at about $38,000. Engineers Gate Manager LP purchased a new position in shares of Strive in the 2nd quarter worth approximately $40,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Strive by 180.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after buying an additional 7,057 shares during the last quarter. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

Strive Price Performance

Shares of ASST opened at $11.10 on Wednesday. The company’s fifty day moving average price is $12.52 and its 200-day moving average price is $31.35. Strive, Inc. has a 1-year low of $7.02 and a 1-year high of $268.40. The firm has a market capitalization of $692.31 million, a PE ratio of -1.85 and a beta of 17.08.

Insider Activity

In other news, CEO Matthew Ryan Cole purchased 25,000 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were acquired at an average price of $18.40 per share, for a total transaction of $460,000.00. Following the purchase, the chief executive officer owned 38,150 shares in the company, valued at $701,960. This trade represents a 190.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Benjamin Pham acquired 6,214 shares of Strive stock in a transaction dated Wednesday, February 18th. The stock was purchased at an average price of $8.06 per share, with a total value of $50,084.84. Following the completion of the purchase, the chief financial officer owned 6,214 shares of the company’s stock, valued at approximately $50,084.84. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 39,114 shares of company stock worth $575,102. Company insiders own 2.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ASST. Maxim Group set a $30.00 target price on shares of Strive and gave the company a “buy” rating in a research note on Wednesday, December 10th. B. Riley Financial started coverage on Strive in a report on Tuesday, March 10th. They set a “buy” rating and a $12.00 price objective for the company. Wall Street Zen upgraded Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Zacks Research raised Strive to a “hold” rating in a research report on Wednesday, March 11th. Finally, Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Strive Company Profile

Asset Entities, Inc (NASDAQ: ASST) is a specialty finance company that acquires, originates and services asset-backed loans and receivables across a range of industry sectors. The firm focuses on structuring and managing credit portfolios in equipment finance, commercial receivables and other asset-backed classes, employing securitization vehicles and bespoke financing solutions to deliver liquidity to underserved small- and mid-market borrowers.

Through its platform, Asset Entities leverages data-driven underwriting, risk management and portfolio optimization to create diversified exposure across end markets.