AlphaQuest LLC grew its stake in shares of Bumble Inc. (NASDAQ:BMBL – Free Report) by 43,248.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,906 shares of the company’s stock after buying an additional 16,867 shares during the period. AlphaQuest LLC’s holdings in Bumble were worth $138,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in shares of Bumble by 470.7% during the 3rd quarter. Victory Capital Management Inc. now owns 250,025 shares of the company’s stock valued at $1,595,000 after purchasing an additional 206,215 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Bumble during the 3rd quarter valued at about $911,000. Prentice Capital Management LP lifted its holdings in shares of Bumble by 54.1% during the 3rd quarter. Prentice Capital Management LP now owns 242,844 shares of the company’s stock valued at $1,549,000 after purchasing an additional 85,304 shares in the last quarter. Westbourne Investment Advisors Inc. lifted its holdings in shares of Bumble by 18.4% during the 4th quarter. Westbourne Investment Advisors Inc. now owns 486,446 shares of the company’s stock valued at $3,960,000 after purchasing an additional 75,635 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Bumble during the 3rd quarter valued at about $203,000. Institutional investors own 94.85% of the company’s stock.
Bumble Stock Up 3.9 %
NASDAQ:BMBL opened at $5.01 on Tuesday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $528.79 million, a price-to-earnings ratio of -1.02 and a beta of 1.77. Bumble Inc. has a twelve month low of $4.58 and a twelve month high of $12.49. The stock’s 50 day moving average price is $6.89 and its two-hundred day moving average price is $7.24.
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Bumble Profile
Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.
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