WIM INVESTMENT MANAGEMENT Ltd Invests $17.65 Million in Figure Technology Solutions, Inc. $FIGR

WIM INVESTMENT MANAGEMENT Ltd acquired a new stake in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 485,286 shares of the company’s stock, valued at approximately $17,650,000. Figure Technology Solutions makes up approximately 4.5% of WIM INVESTMENT MANAGEMENT Ltd’s portfolio, making the stock its 9th biggest position.

A number of other large investors also recently modified their holdings of FIGR. Vanguard Group Inc. bought a new stake in Figure Technology Solutions during the 3rd quarter valued at $91,751,000. JPMorgan Chase & Co. bought a new stake in shares of Figure Technology Solutions during the third quarter worth about $15,529,000. Endeavour Capital Advisors Inc. acquired a new stake in shares of Figure Technology Solutions in the 3rd quarter worth about $10,719,000. Zweig DiMenna Associates LLC bought a new position in Figure Technology Solutions in the 3rd quarter valued at about $10,711,000. Finally, Fidelity National Financial Inc. acquired a new position in Figure Technology Solutions during the 3rd quarter valued at about $9,092,000.

Insider Transactions at Figure Technology Solutions

In other news, Director June Ou sold 200,058 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $39.40, for a total transaction of $7,882,285.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David Todd Stevens sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $35.22, for a total value of $1,408,800.00. Following the completion of the transaction, the insider owned 489,000 shares in the company, valued at approximately $17,222,580. The trade was a 7.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 723,136 shares of company stock valued at $27,113,723.

Analyst Ratings Changes

Several brokerages have recently commented on FIGR. Texas Capital raised Figure Technology Solutions to a “strong-buy” rating in a research note on Thursday, January 29th. Sanford C. Bernstein raised their price target on shares of Figure Technology Solutions from $54.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, January 13th. Mizuho upped their price objective on shares of Figure Technology Solutions from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 17th. Needham & Company LLC reiterated a “buy” rating and issued a $71.00 price objective on shares of Figure Technology Solutions in a research note on Thursday, February 5th. Finally, Keefe, Bruyette & Woods raised Figure Technology Solutions from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.50.

Figure Technology Solutions Stock Performance

FIGR opened at $34.66 on Thursday. Figure Technology Solutions, Inc. has a fifty-two week low of $28.37 and a fifty-two week high of $78.00. The firm’s 50-day moving average is $48.46. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.26. The company has a market capitalization of $6.10 billion and a price-to-earnings ratio of 101.94.

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.