Insider Selling: XCF Global Capital (NASDAQ:SAFX) Major Shareholder Sells 1,261,830 Shares of Stock

Key Points

• Randy Soule, a major shareholder, sold 1,261,830 shares of XCF Global Capital on March 12 at an average of $0.52 for about $656,151, reducing his stake by 1.7% to 72,805,455 shares; the transaction was disclosed in an SEC filing.
• SAFX traded around $0.40 midday (12‑month range $0.12–$45.90) with a market cap near $110.6M, reported EPS of ($0.17) for the latest quarter, and a consensus analyst rating of "Reduce" with a $0.40 target.
• Institutional investors now own about 52.34% of the company, and several funds (Polar, Geode, State Street, Deutsche Bank) increased their positions in the fourth quarter.

XCF Global Capital, Inc. (NASDAQ:SAFX - Get Free Report) major shareholder Randy Soule sold 1,261,830 shares of the firm's stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $0.52, for a total value of $656,151.60. Following the sale, the insider owned 72,805,455 shares of the company's stock, valued at $37,858,836.60. The trade was a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

XCF Global Capital Stock Performance

Shares of SAFX traded down $0.00 during midday trading on Tuesday, reaching $0.40. 7,321,384 shares of the stock were exchanged, compared to its average volume of 25,698,707. XCF Global Capital, Inc. has a 12-month low of $0.12 and a 12-month high of $45.90. The business has a 50 day simple moving average of $0.35. The firm has a market cap of $110.57 million, a P/E ratio of -0.66 and a beta of -0.56.

XCF Global Capital (NASDAQ:SAFX - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.17) earnings per share for the quarter. The firm had revenue of $4.69 million during the quarter. As a group, sell-side analysts predict that XCF Global Capital, Inc. will post -1.1 earnings per share for the current year.

Institutional Trading of XCF Global Capital

A number of hedge funds have recently modified their holdings of SAFX. Polar Asset Management Partners Inc. lifted its position in shares of XCF Global Capital by 51.0% during the 4th quarter. Polar Asset Management Partners Inc. now owns 2,131,109 shares of the company's stock valued at $582,000 after acquiring an additional 720,000 shares during the period. Geode Capital Management LLC lifted its position in shares of XCF Global Capital by 20.5% during the 4th quarter. Geode Capital Management LLC now owns 1,174,455 shares of the company's stock worth $321,000 after buying an additional 200,147 shares during the last quarter. State Street Corp boosted its stake in XCF Global Capital by 37.3% in the fourth quarter. State Street Corp now owns 256,448 shares of the company's stock valued at $70,000 after buying an additional 69,698 shares in the last quarter. J. Derek Lewis & Associates Inc. acquired a new stake in XCF Global Capital in the fourth quarter valued at about $64,000. Finally, Deutsche Bank AG grew its position in XCF Global Capital by 315.7% in the fourth quarter. Deutsche Bank AG now owns 199,524 shares of the company's stock valued at $54,000 after acquiring an additional 151,529 shares during the last quarter. Institutional investors and hedge funds own 52.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SAFX. Zacks Research raised XCF Global Capital to a "hold" rating in a research note on Thursday, March 19th. Weiss Ratings initiated coverage on XCF Global Capital in a research report on Wednesday, January 14th. They set a "sell (d-)" rating for the company. Roth Mkm restated a "neutral" rating on shares of XCF Global Capital in a research report on Monday, April 13th. Finally, Wall Street Zen upgraded XCF Global Capital to a "hold" rating in a report on Saturday, April 11th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $0.40.

About XCF Global Capital

XCF Global Capital Inc is a player in decarbonizing the aviation industry through Sustainable Aviation Fuel. XCF Global Capital Inc, formerly known as Focus Impact BH3 Acquisition Company, is based in RENO, NV.

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.