Walleye Capital LLC Grows Position in MoneyLion Inc. (NYSE:ML)

Walleye Capital LLC lifted its holdings in shares of MoneyLion Inc. (NYSE:MLGet Rating) by 51.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,186 shares of the company’s stock after buying an additional 17,384 shares during the period. Walleye Capital LLC’s holdings in MoneyLion were worth $68,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CTC Capital Management LLC purchased a new stake in shares of MoneyLion during the first quarter valued at $27,000. Strs Ohio purchased a new stake in shares of MoneyLion during the second quarter valued at $44,000. Citigroup Inc. boosted its position in MoneyLion by 1,056.1% in the first quarter. Citigroup Inc. now owns 23,121 shares of the company’s stock worth $58,000 after purchasing an additional 21,121 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in MoneyLion in the second quarter worth about $60,000. Finally, Renaissance Technologies LLC purchased a new position in MoneyLion in the first quarter worth about $74,000. 26.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MoneyLion news, CFO Richard Correia sold 135,828 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $1.45, for a total value of $196,950.60. Following the transaction, the chief financial officer now directly owns 3,378,651 shares of the company’s stock, valued at $4,899,043.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 14.90% of the company’s stock.

MoneyLion Price Performance

Shares of NYSE:ML opened at $0.68 on Monday. The stock’s 50-day simple moving average is $1.05 and its two-hundred day simple moving average is $1.41. MoneyLion Inc. has a 52-week low of $0.67 and a 52-week high of $5.25.

MoneyLion (NYSE:MLGet Rating) last announced its earnings results on Thursday, November 10th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $88.75 million during the quarter. MoneyLion had a negative return on equity of 36.40% and a negative net margin of 28.44%. Equities analysts anticipate that MoneyLion Inc. will post -0.34 earnings per share for the current year.

MoneyLion Company Profile

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MoneyLion Inc provides a digital financial platform. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include roarmoney premium mobile banking, personalized investing, cryptocurrency, instacash, membership programs, financial tracking tools, online financial education content destination, affiliated marketing programs, unsecured personal loans, and credit-related decision servicing.

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Institutional Ownership by Quarter for MoneyLion (NYSE:ML)

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