Abundance Wealth Counselors Acquires Shares of 754,311 Innventure, Inc. $INV

Key Points

• Abundance Wealth Counselors acquired 754,311 shares of Innventure, Inc. for approximately $3.6 million, making it the firm's 25th largest holding.
• Innventure reported a significant earnings miss with an EPS of ($1.60), compared to an expected ($0.17), and a revenue of $0.48 million against estimates of $0.69 million.
• Approximately 55.98% of Innventure's stock is currently owned by institutional investors and hedge funds, indicating strong institutional interest in the company.

Abundance Wealth Counselors acquired a new stake in shares of Innventure, Inc. (NASDAQ:INV - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 754,311 shares of the company's stock, valued at approximately $3,621,000. Innventure makes up about 0.7% of Abundance Wealth Counselors' investment portfolio, making the stock its 25th largest holding. Abundance Wealth Counselors owned 1.41% of Innventure at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of INV. PNC Financial Services Group Inc. acquired a new stake in shares of Innventure in the first quarter valued at about $2,284,000. Goldman Sachs Group Inc. raised its position in shares of Innventure by 55.9% in the first quarter. Goldman Sachs Group Inc. now owns 110,593 shares of the company's stock valued at $853,000 after buying an additional 39,636 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Innventure in the fourth quarter valued at about $429,000. Jane Street Group LLC acquired a new stake in shares of Innventure in the first quarter valued at about $172,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Innventure in the first quarter valued at about $116,000. 55.98% of the stock is currently owned by institutional investors and hedge funds.

Innventure Price Performance

Shares of NASDAQ INV opened at $5.63 on Friday. The firm has a 50-day simple moving average of $5.22 and a 200-day simple moving average of $5.15. The company has a current ratio of 0.29, a quick ratio of 0.20 and a debt-to-equity ratio of 0.04. Innventure, Inc. has a 52 week low of $3.00 and a 52 week high of $18.75.

Innventure (NASDAQ:INV - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported ($1.60) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($1.43). The business had revenue of $0.48 million during the quarter, compared to analyst estimates of $0.69 million. Innventure had a negative net margin of 20,429.67% and a negative return on equity of 33.64%.

About Innventure

Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.

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