Thompson Davis & CO. Inc. Makes New Investment in Strive, Inc. $ASST

Thompson Davis & CO. Inc. acquired a new stake in shares of Strive, Inc. (NASDAQ:ASST) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 100,642 shares of the company’s stock, valued at approximately $74,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Yorkville Advisors Global LP bought a new stake in shares of Strive in the 3rd quarter worth about $92,593,000. Anson Funds Management LP grew its holdings in Strive by 4,028.5% during the 3rd quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock valued at $88,125,000 after purchasing an additional 36,147,300 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Strive during the 3rd quarter valued at about $84,375,000. MMCAP International Inc. SPC purchased a new stake in Strive in the 3rd quarter worth about $46,296,000. Finally, Woodline Partners LP purchased a new stake in Strive in the 3rd quarter worth about $31,481,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on ASST shares. Zacks Research raised Strive to a “hold” rating in a research report on Wednesday, March 11th. Wall Street Zen lowered shares of Strive from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Maxim Group cut their price target on shares of Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a report on Monday. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Strive in a research note on Monday, December 29th. Finally, B. Riley Financial began coverage on shares of Strive in a report on Tuesday, March 10th. They set a “buy” rating and a $12.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Strive has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Insiders Place Their Bets

In related news, CFO Benjamin Pham acquired 6,214 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were bought at an average price of $8.06 per share, with a total value of $50,084.84. Following the completion of the transaction, the chief financial officer directly owned 6,214 shares in the company, valued at $50,084.84. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew Ryan Cole bought 25,000 shares of the business’s stock in a transaction on Tuesday, January 13th. The stock was bought at an average price of $18.40 per share, for a total transaction of $460,000.00. Following the purchase, the chief executive officer directly owned 38,150 shares of the company’s stock, valued at $701,960. The trade was a 190.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 39,114 shares of company stock valued at $575,102. 2.71% of the stock is owned by company insiders.

Strive Stock Up 9.3%

ASST opened at $10.85 on Thursday. The stock’s fifty day moving average is $11.32 and its two-hundred day moving average is $27.49. The company has a market capitalization of $724.56 million, a P/E ratio of -1.81 and a beta of 17.08. Strive, Inc. has a 52 week low of $7.02 and a 52 week high of $268.40.

Strive (NASDAQ:ASST) last issued its earnings results on Saturday, January 31st. The company reported ($4.73) earnings per share for the quarter. Strive had a negative return on equity of 122.88% and a negative net margin of 7,335.00%.

About Strive

Asset Entities, Inc (NASDAQ: ASST) is a specialty finance company that acquires, originates and services asset-backed loans and receivables across a range of industry sectors. The firm focuses on structuring and managing credit portfolios in equipment finance, commercial receivables and other asset-backed classes, employing securitization vehicles and bespoke financing solutions to deliver liquidity to underserved small- and mid-market borrowers.

Through its platform, Asset Entities leverages data-driven underwriting, risk management and portfolio optimization to create diversified exposure across end markets.