Integrity Alliance LLC. Makes New Investment in Figure Technology Solutions, Inc. $FIGR

Integrity Alliance LLC. purchased a new position in Figure Technology Solutions, Inc. (NASDAQ:FIGR – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 25,672 shares of the company’s stock, valued at approximately $741,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. WPG Advisers LLC increased its holdings in shares of Figure Technology Solutions by 71.1% in the first quarter. WPG Advisers LLC now owns 934 shares of the company’s stock worth $32,000 after purchasing an additional 388 shares during the last quarter. State of Wyoming lifted its position in Figure Technology Solutions by 14.8% during the first quarter. State of Wyoming now owns 3,864 shares of the company’s stock valued at $131,000 after purchasing an additional 498 shares during the last quarter. Arcus Capital Partners LLC grew its stake in shares of Figure Technology Solutions by 7.9% in the 1st quarter. Arcus Capital Partners LLC now owns 7,400 shares of the company’s stock worth $251,000 after buying an additional 541 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of Figure Technology Solutions by 4.5% in the 2nd quarter. HB Wealth Management LLC now owns 18,389 shares of the company’s stock worth $565,000 after buying an additional 788 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in shares of Figure Technology Solutions by 16.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 6,988 shares of the company’s stock valued at $215,000 after buying an additional 966 shares in the last quarter.

Insider Activity

In other Figure Technology Solutions news, insider David Stevens sold 47,650 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $31.38, for a total transaction of $1,495,257.00. Following the completion of the sale, the insider directly owned 376,599 shares of the company’s stock, valued at approximately $11,817,676.62. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Minchung Kgil sold 8,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $38.69, for a total transaction of $309,520.00. Following the completion of the sale, the chief financial officer owned 483,651 shares in the company, valued at $18,712,457.19. This represents a 1.63% 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 sold 59,650 shares of company stock worth $1,924,897 in the last quarter. 26.60% of the stock is owned by insiders.

Figure Technology Solutions Trading Up 8.8%

Shares of NASDAQ FIGR traded up $1.83 during trading hours on Friday, reaching $22.73. The stock had a trading volume of 5,590,567 shares, compared to its average volume of 4,821,403. Figure Technology Solutions, Inc. has a 52-week low of $19.54 and a 52-week high of $78.00. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 0.33 and a beta of 0.94. The business’s fifty day moving average price is $29.39 and its two-hundred day moving average price is $33.44. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.22.

Figure Technology Solutions (NASDAQ:FIGR – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The company had revenue of $218.45 million during the quarter. Figure Technology Solutions had a net margin of 33.45% and a return on equity of 18.90%. Analysts expect that Figure Technology Solutions, Inc. will post 1.18 EPS for the current fiscal year.

Analyst Ratings Changes

FIGR has been the topic of several analyst reports. Sanford C. Bernstein boosted their price objective on Figure Technology Solutions from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Zacks Research upgraded Figure Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Needham & Company LLC reaffirmed a “buy” rating on shares of Figure Technology Solutions in a research note on Wednesday, October 7th. Freedom Capital upgraded shares of Figure Technology Solutions to a “strong-buy” rating in a research report on Thursday, October 15th. Finally, Bank of America restated a “neutral” rating and issued a $44.00 target price on shares of Figure Technology Solutions in a report on Monday, October 5th. Four investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $53.57.

Read Our Latest Analysis on FIGR

Figure Technology Solutions Profile

(Free Report)

Figure Technology Solutions, Inc is a financial technology company that develops technology-enabled lending and financial services products. The company uses artificial intelligence, blockchain and data-driven underwriting tools to streamline the origination, servicing and management of loans and other financial transactions.

Figure’s platform has supported products including home equity lines of credit, mortgage-related lending and personal loans. Its technology is designed to automate traditionally paper-intensive processes, improve transaction speed and provide digital tools for borrowers, lenders and other financial institutions.

Founded in 2018, Figure is headquartered in the United States and primarily serves the U.S.

Further Reading

Want to see what other hedge funds are holding FIGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Figure Technology Solutions, Inc. (NASDAQ:FIGR – Free Report).

Institutional Ownership by Quarter for Figure Technology Solutions (NASDAQ:FIGR)

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