Virtu Financial LLC Invests $403,000 in Global Blue Group Holding AG $GB

Key Points

• Virtu Financial LLC has acquired a new stake in Global Blue Group Holding AG, purchasing 54,709 shares valued at approximately $403,000 during the first quarter.
• Global Blue Group's stock traded at $7.49 with a market capitalization of $1.49 billion, and it reported earnings of $0.06 per share, surpassing analyst expectations.
• The company has a return on equity of 45.20% and a net margin of 16.56%, indicating strong financial performance.

Virtu Financial LLC bought a new stake in shares of Global Blue Group Holding AG (NYSE:GB - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 54,709 shares of the company's stock, valued at approximately $403,000.

Other institutional investors have also made changes to their positions in the company. Bank of America Corp DE bought a new position in Global Blue Group during the 4th quarter valued at about $1,200,000. Renaissance Technologies LLC lifted its holdings in Global Blue Group by 74.8% during the 4th quarter. Renaissance Technologies LLC now owns 45,800 shares of the company's stock valued at $317,000 after purchasing an additional 19,600 shares during the last quarter. SG Americas Securities LLC bought a new position in Global Blue Group during the 1st quarter valued at about $294,000. Skandinaviska Enskilda Banken AB publ bought a new position in Global Blue Group during the 1st quarter valued at about $213,000. Finally, FNY Investment Advisers LLC bought a new position in Global Blue Group during the 1st quarter valued at about $116,000. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Global Blue Group Price Performance

GB stock traded up $0.01 during trading on Monday, hitting $7.49. 42,877 shares of the stock traded hands, compared to its average volume of 67,152. Global Blue Group Holding AG has a one year low of $4.40 and a one year high of $8.00. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 20.24 and a beta of 0.44. The company has a 50 day simple moving average of $7.42 and a 200 day simple moving average of $7.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 3.69.

Global Blue Group (NYSE:GB - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. Global Blue Group had a net margin of 16.56% and a return on equity of 45.20%. The company had revenue of $137.18 million during the quarter, compared to the consensus estimate of $130.33 million. Equities analysts expect that Global Blue Group Holding AG will post 0.3 EPS for the current fiscal year.

About Global Blue Group

Global Blue Group Holding AG, together with its subsidiaries, provides technology-enabled transaction processing services for merchants, banks, acquirers, governments, and travelers in Europe, the Asia Pacific, and internationally. The company operates in three segments: Tax Free Shopping Technology Solutions (TFSS), Added-Value Payment Solutions (AVPS), and Retail Tech Solutions (RTS).