Insider Buying: XBP Global (NASDAQ:XBP) Director Purchases $61,000.00 in Stock

XBP Global Holdings, Inc. (NASDAQ:XBP) Director Randal Klein acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average cost of $2.44 per share, with a total value of $61,000.00. Following the acquisition, the director directly owned 40,000 shares of the company’s stock, valued at $97,600. This trade represents a 166.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

XBP Global Trading Up 7.9%

Shares of XBP opened at $2.60 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 5.67. XBP Global Holdings, Inc. has a 12-month low of $2.00 and a 12-month high of $25.60. The firm has a 50-day moving average price of $3.40 and a 200 day moving average price of $5.68. The firm has a market capitalization of $30.60 million, a P/E ratio of -0.79 and a beta of -0.39.

XBP Global (NASDAQ:XBP) last announced its quarterly earnings data on Monday, March 30th. The company reported ($7.75) earnings per share (EPS) for the quarter. XBP Global had a net margin of 130.26% and a return on equity of 1,645.47%.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 target price on shares of XBP Global in a research note on Friday, May 15th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new position in XBP Global during the third quarter worth about $31,000. Shay Capital LLC boosted its stake in XBP Global by 354.6% during the third quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock worth $81,000 after buying an additional 78,001 shares during the period. Alpine Global Management LLC acquired a new stake in shares of XBP Global during the third quarter worth about $194,000. Cantor Fitzgerald L. P. lifted its position in shares of XBP Global by 9.4% during the third quarter. Cantor Fitzgerald L. P. now owns 6,636,853 shares of the company’s stock worth $5,356,000 after purchasing an additional 572,449 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of XBP Global during the third quarter worth about $504,000. Hedge funds and other institutional investors own 15.72% of the company’s stock.

About XBP Global

XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries. This segment also offers automation of accounts payable and accounts receivables processes and seeks to integrate buyers and suppliers, as well as engages in digital transformation business.