Dymon Asia Capital Singapore PTE. LTD. Makes New $459,000 Investment in UP Fintech Holding Limited (NASDAQ:TIGR)

Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in UP Fintech Holding Limited (NASDAQ:TIGR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 71,100 shares of the company’s stock, valued at approximately $459,000.

Several other hedge funds and other institutional investors have also modified their holdings of TIGR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in UP Fintech by 66.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company’s stock worth $1,090,000 after acquiring an additional 81,300 shares during the last quarter. Virtu Financial LLC acquired a new stake in UP Fintech during the 3rd quarter worth approximately $539,000. Nkcfo LLC bought a new stake in UP Fintech in the 4th quarter valued at $323,000. Diversify Wealth Management LLC acquired a new position in UP Fintech in the 4th quarter valued at $742,000. Finally, Quantbot Technologies LP bought a new stake in UP Fintech in the 4th quarter valued at about $213,000. Institutional investors own 9.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TIGR. Citigroup upgraded UP Fintech from a “sell” rating to a “neutral” rating and upped their target price for the company from $5.80 to $9.50 in a research report on Wednesday, March 19th. Bank of America assumed coverage on shares of UP Fintech in a research report on Monday, March 17th. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price target for the company.

UP Fintech Stock Performance

Shares of TIGR stock opened at $6.70 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. UP Fintech Holding Limited has a one year low of $3.10 and a one year high of $14.48. The business’s 50 day simple moving average is $7.86 and its 200 day simple moving average is $7.10. The stock has a market capitalization of $1.24 billion, a PE ratio of 33.50 and a beta of 0.65.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings data on Tuesday, March 18th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.06. The company had revenue of $124.10 million during the quarter, compared to analysts’ expectations of $73.60 million. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%.

About UP Fintech

UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.