BM Technologies, Inc. (NYSE:BMTX) Stake Decreased by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC trimmed its holdings in BM Technologies, Inc. (NYSE:BMTX) by 10.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,024 shares of the company’s stock after selling 4,396 shares during the quarter. Essex Investment Management Co. LLC’s holdings in BM Technologies were worth $186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Capital Investment Advisory Services LLC acquired a new position in BM Technologies during the 4th quarter worth $79,000. FNY Investment Advisers LLC bought a new stake in shares of BM Technologies during the fourth quarter valued at about $611,000. Finally, Geode Capital Management LLC raised its stake in shares of BM Technologies by 4.4% during the third quarter. Geode Capital Management LLC now owns 96,667 shares of the company’s stock valued at $329,000 after purchasing an additional 4,031 shares in the last quarter. 20.15% of the stock is owned by institutional investors.

BM Technologies Price Performance

Shares of BMTX opened at $5.00 on Monday. The firm has a market capitalization of $60.50 million, a PE ratio of -4.50 and a beta of 0.17. The firm has a 50-day moving average price of $4.97 and a 200 day moving average price of $4.33. BM Technologies, Inc. has a 52-week low of $1.45 and a 52-week high of $5.16.

BM Technologies Profile

BM Technologies, Inc, a financial technology company, facilitates deposits and banking services between a customer and its partner banks in the United States. It offers digital banking and disbursement services to consumers and students through a full service fintech banking platform. The company was formerly known as BankMobile Technologies, Inc and changed its name to BM Technologies, Inc in January 2021.