777,286 Shares in FiscalNote Holdings, Inc. (NYSE:NOTE) Acquired by Stonehill Capital Management LLC

Stonehill Capital Management LLC purchased a new position in shares of FiscalNote Holdings, Inc. (NYSE:NOTE - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 777,286 shares of the company's stock, valued at approximately $995,000. FiscalNote comprises 0.6% of Stonehill Capital Management LLC's investment portfolio, making the stock its 8th biggest holding. Stonehill Capital Management LLC owned about 0.56% of FiscalNote as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC acquired a new position in shares of FiscalNote in the 2nd quarter valued at about $26,000. International Assets Investment Management LLC lifted its stake in FiscalNote by 35.1% in the third quarter. International Assets Investment Management LLC now owns 134,656 shares of the company's stock valued at $172,000 after buying an additional 34,956 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of FiscalNote by 181.9% during the 2nd quarter. Squarepoint Ops LLC now owns 149,490 shares of the company's stock worth $218,000 after buying an additional 96,457 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of FiscalNote during the 2nd quarter worth approximately $608,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of FiscalNote by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company's stock valued at $725,000 after acquiring an additional 21,811 shares in the last quarter. Institutional investors and hedge funds own 54.31% of the company's stock.

Insider Transactions at FiscalNote

In other news, CEO Tim Hwang sold 22,186 shares of the company's stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $1.18, for a total value of $26,179.48. Following the sale, the chief executive officer now directly owns 2,471,867 shares of the company's stock, valued at $2,916,803.06. This represents a 0.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 57,778 shares of company stock worth $69,030. Company insiders own 47.59% of the company's stock.

FiscalNote Price Performance

NYSE:NOTE traded down $0.10 during trading hours on Thursday, hitting $0.86. 979,085 shares of the company's stock traded hands, compared to its average volume of 670,024. 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 business's fifty day simple moving average is $1.02 and its two-hundred day simple moving average is $1.28. The firm has a market cap of $121.45 million, a P/E ratio of -3.91 and a beta of 0.48. FiscalNote Holdings, Inc. has a 52 week low of $0.75 and a 52 week high of $2.27.

Wall Street Analyst Weigh In

NOTE has been the topic of several research analyst reports. EF Hutton Acquisition Co. I raised shares of FiscalNote to a "strong-buy" rating in a research note on Monday, October 28th. B. Riley dropped their price target on FiscalNote from $2.00 to $1.75 and set a "buy" rating on the stock in a research note on Wednesday, November 13th. Northland Securities reduced their price objective on FiscalNote from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Monday, August 12th. Finally, DA Davidson reduced their price objective on shares of FiscalNote from $1.35 to $1.05 and set a "neutral" rating for the company in a report on Friday, August 9th.

FiscalNote 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.