Militia Capital Management LLC acquired a new position in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 130,000 shares of the company’s stock, valued at approximately $4,414,000. Figure Technology Solutions comprises about 1.0% of Militia Capital Management LLC’s holdings, making the stock its 14th biggest holding.
Several other hedge funds also recently modified their holdings of FIGR. Global Retirement Partners LLC bought a new position in shares of Figure Technology Solutions in the fourth quarter valued at approximately $25,000. WPG Advisers LLC boosted its holdings in shares of Figure Technology Solutions by 71.1% in the 1st quarter. WPG Advisers LLC now owns 934 shares of the company’s stock worth $32,000 after acquiring an additional 388 shares in the last quarter. Strs Ohio bought a new stake in Figure Technology Solutions during the 4th quarter worth approximately $34,000. MetLife Investment Management LLC bought a new stake in Figure Technology Solutions during the 4th quarter worth approximately $35,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in Figure Technology Solutions during the 4th quarter valued at $40,000.
Figure Technology Solutions Stock Performance
FIGR stock opened at $30.04 on Thursday. The company has a 50 day moving average price of $31.57 and a 200 day moving average price of $37.60. Figure Technology Solutions, Inc. has a fifty-two week low of $25.01 and a fifty-two week high of $78.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $5.49 billion and a PE ratio of 51.79.
Analyst Ratings Changes
A number of equities analysts have commented on FIGR shares. Wall Street Zen lowered Figure Technology Solutions from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Bank of America lowered their target price on Figure Technology Solutions from $34.00 to $31.00 in a research note on Thursday, April 2nd. Weiss Ratings raised Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Sanford C. Bernstein reduced their price target on shares of Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Finally, Needham & Company LLC reissued a “buy” rating and set a $55.00 price objective on shares of Figure Technology Solutions in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.25.
Get Our Latest Stock Report on Figure Technology Solutions
Insider Buying and Selling at Figure Technology Solutions
In related news, insider David Todd Stevens sold 47,064 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $42.35, for a total value of $1,993,160.40. Following the transaction, the insider owned 406,051 shares in the company, valued at $17,196,259.85. This trade represents a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Benjamin Tannenbaum sold 127,369 shares of Figure Technology Solutions stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $33.35, for a total value of $4,247,756.15. Following the completion of the sale, the chief executive officer owned 3,250,466 shares of the company’s stock, valued at approximately $108,403,041.10. The trade was a 3.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 343,657 shares of company stock valued at $12,136,284 over the last ninety days. Company insiders own 26.60% of the company’s stock.
Figure Technology Solutions Profile
Figure is building the future of capital markets using blockchain-based technology. Figure’s proprietary technology powers next-generation lending, trading and investing activities in areas such as consumer credit and digital assets. Our application of the blockchain ledger allows us to better serve our end-customers, improve speed and efficiency, and enhance standardization and liquidity. Using our technology, we continue to develop dynamic, vertically-integrated marketplaces across the approximately $2 trillion consumer credit market and the rapidly growing approximately $4 trillion cryptocurrency and digital asset market.
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