SHF Holdings, Inc. (NASDAQ:SHFS – Get Rating) insider Donald Emmi purchased 141,012 shares of SHF stock in a transaction on Tuesday, May 23rd. The stock was bought at an average cost of $0.38 per share, with a total value of $53,584.56. Following the transaction, the insider now directly owns 257,697 shares of the company’s stock, valued at $97,924.86. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
SHF Stock Up 8.7 %
SHF stock opened at $0.50 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.30. The business’s 50-day simple moving average is $0.49 and its 200-day simple moving average is $1.36. SHF Holdings, Inc. has a 52 week low of $0.33 and a 52 week high of $30.47.
SHF (NASDAQ:SHFS – Get Rating) last posted its quarterly earnings data on Thursday, March 30th. The company reported $0.22 EPS for the quarter. The business had revenue of $3.58 million during the quarter.
Wall Street Analyst Weigh In
Hedge Funds Weigh In On SHF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sabby Management LLC grew its stake in shares of SHF by 624.9% in the 1st quarter. Sabby Management LLC now owns 1,163,914 shares of the company’s stock valued at $594,000 after purchasing an additional 1,003,350 shares during the period. Cohen & Co Financial Management LLC acquired a new position in shares of SHF in the 3rd quarter worth approximately $7,009,000. Anson Funds Management LP acquired a new position in SHF during the 1st quarter worth $113,000. Charles Schwab Investment Management Inc. lifted its holdings in SHF by 341.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 62,599 shares of the company’s stock worth $34,000 after buying an additional 48,420 shares in the last quarter. Finally, Vident Investment Advisory LLC lifted its holdings in SHF by 53.0% during the 4th quarter. Vident Investment Advisory LLC now owns 44,450 shares of the company’s stock worth $79,000 after buying an additional 15,399 shares in the last quarter. 82.04% of the stock is currently owned by institutional investors.
About SHF
SHF Holdings, Inc, through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments.
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