Fortis Group Advisors LLC Purchases Shares of 48,000 FiscalNote Holdings, Inc. (NYSE:NOTE)

Fortis Group Advisors LLC purchased a new stake in FiscalNote Holdings, Inc. (NYSE:NOTE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,000 shares of the company’s stock, valued at approximately $51,000.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in shares of FiscalNote by 83.2% in the fourth quarter. SG Americas Securities LLC now owns 25,285 shares of the company’s stock worth $27,000 after acquiring an additional 11,486 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of FiscalNote in the fourth quarter worth about $40,000. Virtu Financial LLC acquired a new position in shares of FiscalNote in the third quarter worth about $47,000. PFG Investments LLC raised its position in shares of FiscalNote by 144.7% in the fourth quarter. PFG Investments LLC now owns 46,500 shares of the company’s stock worth $50,000 after acquiring an additional 27,500 shares during the period. Finally, Barclays PLC raised its position in shares of FiscalNote by 318.2% in the third quarter. Barclays PLC now owns 86,286 shares of the company’s stock worth $110,000 after acquiring an additional 65,655 shares during the period. 54.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on NOTE shares. B. Riley decreased their price objective on shares of FiscalNote from $2.00 to $1.75 and set a “buy” rating for the company in a research report on Wednesday, November 13th. D. Boral Capital reiterated a “buy” rating and issued a $3.50 price objective on shares of FiscalNote in a research report on Thursday, January 16th. Finally, EF Hutton Acquisition Co. I upgraded shares of FiscalNote to a “strong-buy” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, FiscalNote presently has an average rating of “Buy” and a consensus price target of $2.83.

FiscalNote Stock Up 5.1 %

NOTE opened at $1.76 on Wednesday. FiscalNote Holdings, Inc. has a twelve month low of $0.75 and a twelve month high of $2.27. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average price of $1.28 and a 200 day moving average price of $1.18. The company has a market cap of $247.84 million, a PE ratio of -7.98 and a beta of 0.41.

Insider Buying and Selling

In other FiscalNote news, Director Tim Hwang sold 56,795 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $1.22, for a total value of $69,289.90. Following the completion of the sale, the director now owns 2,237,129 shares in the company, valued at approximately $2,729,297.38. This represents a 2.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 71,131 shares of company stock worth $87,477 in the last 90 days. Insiders own 41.75% of the company’s stock.

FiscalNote Company Profile

FiscalNote Holdings, Inc operates as technology company North America, Europe, Australia, and Asia. It combines artificial intelligence technology, machine learning, and other technologies with analytics, workflow tools, and expert research. The company also delivers that intelligence through its suite of public policy and issues management products, as well as powerful tools to manage workflows, advocacy campaigns, and constituent relationships.