Diametric Capital LP Takes Position in MoneyLion Inc. (NYSE:ML)

Diametric Capital LP acquired a new stake in MoneyLion Inc. (NYSE:ML) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,561 shares of the company’s stock, valued at approximately $564,000.

Other hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in shares of MoneyLion by 238.8% in the fourth quarter. Nordea Investment Management AB now owns 30,760 shares of the company’s stock worth $2,653,000 after acquiring an additional 21,681 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in MoneyLion during the 3rd quarter worth approximately $574,000. Geode Capital Management LLC raised its holdings in MoneyLion by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock worth $6,948,000 after buying an additional 9,106 shares during the period. Barclays PLC lifted its stake in MoneyLion by 52.1% in the third quarter. Barclays PLC now owns 13,821 shares of the company’s stock valued at $575,000 after buying an additional 4,735 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of MoneyLion by 11.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 61,133 shares of the company’s stock valued at $5,258,000 after buying an additional 6,046 shares during the period. Institutional investors and hedge funds own 31.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Timmie Hong sold 1,365 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $117,062.40. Following the transaction, the insider now directly owns 95,395 shares in the company, valued at approximately $8,181,075.20. The trade was a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Correia sold 11,490 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $1,002,617.40. Following the sale, the chief financial officer now directly owns 166,529 shares in the company, valued at $14,531,320.54. This trade represents a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,309 shares of company stock worth $4,716,335. Corporate insiders own 11.90% of the company’s stock.

MoneyLion Price Performance

Shares of NYSE:ML opened at $86.58 on Tuesday. The stock has a market capitalization of $980.03 million, a PE ratio of 393.52 and a beta of 3.04. The company’s 50-day moving average price is $86.98 and its two-hundred day moving average price is $74.31. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82.

Analyst Upgrades and Downgrades

ML has been the topic of a number of research analyst reports. Lake Street Capital restated a “hold” rating and set a $82.00 price objective (down from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. B. Riley downgraded MoneyLion from a “buy” rating to a “neutral” rating and dropped their price target for the company from $133.00 to $90.00 in a research note on Wednesday, February 26th. Finally, Needham & Company LLC restated a “hold” rating on shares of MoneyLion in a report on Friday, March 7th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, MoneyLion currently has an average rating of “Moderate Buy” and a consensus price target of $92.83.

MoneyLion Profile

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.