Regal Partners Ltd Invests $2.40 Million in Figure Technology Solutions, Inc. $FIGR

Regal Partners Ltd purchased a new stake in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 70,656 shares of the company's stock, valued at approximately $2,399,000.

Several other large investors have also modified their holdings of the business. The Manufacturers Life Insurance Company grew its stake in shares of Figure Technology Solutions by 660.5% during the first quarter. The Manufacturers Life Insurance Company now owns 42,717 shares of the company's stock valued at $1,450,000 after buying an additional 37,100 shares during the last quarter. Quantinno Capital Management LP purchased a new position in Figure Technology Solutions during the 1st quarter valued at $1,098,000. Granahan Investment Management LLC boosted its holdings in Figure Technology Solutions by 40.6% during the 1st quarter. Granahan Investment Management LLC now owns 935,400 shares of the company's stock valued at $31,757,000 after acquiring an additional 269,882 shares during the period. Vivaldi Capital Management LP bought a new position in Figure Technology Solutions in the 1st quarter valued at $540,000. Finally, Maplelane Capital LLC purchased a new stake in Figure Technology Solutions in the first quarter worth $23,120,000.

Insiders Place Their Bets

In related news, Director Michael Scott Cagney sold 35,190 shares of the business's stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $38.20, for a total transaction of $1,344,258.00. Following the completion of the transaction, the director owned 35,190 shares in the company, valued at $1,344,258. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Minchung Kgil sold 4,000 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $28.13, for a total transaction of $112,520.00. Following the sale, the chief financial officer directly owned 495,651 shares of the company's stock, valued at $13,942,662.63. The trade was a 0.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 155,463 shares of company stock worth $5,926,353. Insiders own 26.60% of the company's stock.

Figure Technology Solutions Trading Down 4.4%

Shares of NASDAQ FIGR opened at $27.55 on Wednesday. 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 $5.03 billion and a P/E ratio of 47.50. Figure Technology Solutions, Inc. has a 1-year low of $25.01 and a 1-year high of $78.00. The business has a fifty day moving average price of $30.61 and a 200 day moving average price of $36.93.

Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. The company had revenue of $166.84 million for the quarter. Equities research analysts expect that Figure Technology Solutions, Inc. will post 0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Weiss Ratings raised shares of Figure Technology Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, June 4th. Mizuho raised their price target on shares of Figure Technology Solutions from $45.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, May 14th. Zacks Research raised shares of Figure Technology Solutions from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 14th. Bank of America dropped their target price on shares of Figure Technology Solutions from $34.00 to $31.00 in a research note on Thursday, April 2nd. Finally, Wall Street Zen downgraded shares of Figure Technology Solutions from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $50.25.

About Figure Technology Solutions

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.