Shares of Prestige Wealth Inc. (NASDAQ:AURE – Free Report) are set to reverse split before the market opens on Thursday, February 19th. The 1-10 reverse split was announced on Friday, February 13th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, February 18th.
Prestige Wealth Stock Performance
Prestige Wealth stock opened at $0.23 on Friday. Prestige Wealth has a 12 month low of $0.18 and a 12 month high of $1.46.
Analyst Ratings Changes
Separately, Weiss Ratings began coverage on Prestige Wealth in a research report on Monday, January 26th. They set a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.
Institutional Trading of Prestige Wealth
A hedge fund recently bought a new stake in Prestige Wealth stock. Yorkville Advisors Global LP bought a new position in shares of Prestige Wealth Inc. (NASDAQ:AURE – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 27,777,778 shares of the company’s stock, valued at approximately $6,939,000. Prestige Wealth makes up about 4.4% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 4th biggest position. Yorkville Advisors Global LP owned 7.54% of Prestige Wealth as of its most recent SEC filing. 7.68% of the stock is currently owned by hedge funds and other institutional investors.
About Prestige Wealth
Through our subsidiaries, we are a wealth management and asset management services provider based in Hong Kong, with the majority of our subsidiaries’ operations in Hong Kong. Our subsidiaries assist their clients in identifying and purchasing well matched wealth management products and global asset management products. Our subsidiaries’ clients for both wealth management and asset management services are primarily high net worth and ultra-high net worth individuals in Asia, and a majority of our subsidiaries’ clients reside in mainland China or Hong Kong.
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