Yorkville Advisors Global LP acquired a new stake in Prestige Wealth Inc. (NASDAQ:AURE – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 27,777,778 shares of the company’s stock, valued at approximately $6,939,000. Prestige Wealth comprises 4.4% of Yorkville Advisors Global LP’s portfolio, making the stock its 4th biggest position. Yorkville Advisors Global LP owned about 7.54% of Prestige Wealth at the end of the most recent reporting period.
Prestige Wealth Stock Performance
Prestige Wealth stock opened at $2.45 on Thursday. The company has a quick ratio of 59.95, a current ratio of 59.95 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average is $2.37. The stock has a market capitalization of $84.77 million, a P/E ratio of -2.72 and a beta of 2.36. Prestige Wealth Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $14.60.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Prestige Wealth in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.
Prestige Wealth Profile
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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