OLP CAPITAL MANAGEMENT Ltd Invests $10.46 Million in Hyperliquid Strategies Inc $PURR

OLP CAPITAL MANAGEMENT Ltd bought a new position in shares of Hyperliquid Strategies Inc (NASDAQ:PURR) during the first quarter, Holdings Channel.com reports. The fund bought 2,054,855 shares of the company’s stock, valued at approximately $10,459,000. Hyperliquid Strategies comprises about 1.1% of OLP CAPITAL MANAGEMENT Ltd’s portfolio, making the stock its 5th biggest holding.

Several other hedge funds have also added to or reduced their stakes in the business. EHP Funds Inc. bought a new position in Hyperliquid Strategies during the fourth quarter worth $302,000. HRT Financial LP bought a new position in shares of Hyperliquid Strategies in the fourth quarter valued at about $856,000. Jane Street Group LLC bought a new position in shares of Hyperliquid Strategies in the fourth quarter valued at about $339,000. GM Advisory Group LLC acquired a new stake in shares of Hyperliquid Strategies during the 4th quarter worth about $2,946,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Hyperliquid Strategies during the 4th quarter worth about $156,000. Institutional investors and hedge funds own 9.45% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on PURR shares. Weiss Ratings raised shares of Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Cantor Fitzgerald raised their price objective on shares of Hyperliquid Strategies from $8.00 to $18.40 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Chardan Capital restated a “buy” rating and set a $9.75 price objective on shares of Hyperliquid Strategies in a report on Friday, June 12th. Finally, Maxim Group began coverage on Hyperliquid Strategies in a report on Friday, April 24th. They set a “buy” rating and a $10.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Hyperliquid Strategies has an average rating of “Moderate Buy” and an average price target of $12.72.

Hyperliquid Strategies Trading Down 4.9%

NASDAQ PURR opened at $6.19 on Friday. The firm has a market capitalization of $894.15 million, a P/E ratio of -0.84 and a beta of 1.66. The company has a 50 day simple moving average of $8.27. Hyperliquid Strategies Inc has a 1-year low of $3.01 and a 1-year high of $11.62.

Hyperliquid Strategies (NASDAQ:PURR) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.01 earnings per share (EPS) for the quarter. The company had revenue of $2.63 million for the quarter. Research analysts predict that Hyperliquid Strategies Inc will post 2.1 earnings per share for the current year.

Hyperliquid Strategies Profile

Hyperliquid Strategies Inc is a digital asset treasury company whose primary focus is to maximize shareholder value through accumulating HYPE, the native token of Hyperliquid, a high-performance blockchain custom-built to house all of finance. Hyperliquid Strategies Inc, formerly known as Sonnet BioTherapeutics Holdings Inc, is based in NEW YORK.