Ellomay Capital (NYSEAMERICAN:ELLO) Releases Earnings Results

Ellomay Capital (NYSEAMERICAN:ELLO) issued its quarterly earnings results on Wednesday. The utilities provider reported ($0.88) EPS for the quarter, FiscalAI reports. Ellomay Capital had a negative return on equity of 1.21% and a negative net margin of 4.25%.The firm had revenue of $10.03 million for the quarter.

Ellomay Capital Trading Up 1.3%

Shares of ELLO stock opened at $24.64 on Thursday. The stock has a market cap of $339.54 million, a price-to-earnings ratio of -136.89 and a beta of 0.98. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 3.49. Ellomay Capital has a fifty-two week low of $13.18 and a fifty-two week high of $30.34. The firm’s 50 day moving average price is $24.52 and its two-hundred day moving average price is $24.53.

Institutional Trading of Ellomay Capital

A number of hedge funds have recently made changes to their positions in the company. Yelin Lapidot Holdings Management Ltd. raised its stake in shares of Ellomay Capital by 75.5% during the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 193,565 shares of the utilities provider’s stock valued at $4,704,000 after purchasing an additional 83,300 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Ellomay Capital by 39.6% during the third quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 1,021 shares during the period. Menora Mivtachim Holdings LTD. purchased a new stake in shares of Ellomay Capital during the third quarter valued at approximately $17,019,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Ellomay Capital by 4.6% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,594,224 shares of the utilities provider’s stock valued at $28,276,000 after purchasing an additional 70,180 shares during the period. Hedge funds and other institutional investors own 27.54% of the company’s stock.

Ellomay Capital Company Profile

Ellomay Capital Ltd. is an Israel-based investment company specializing in the acquisition, financing, development and operation of renewable energy and related infrastructure assets. Founded in 2014 and traded on the NYSE American under the ticker ELLO, Ellomay focuses on building a diversified portfolio of solar photovoltaic (PV) projects and specialty infrastructure businesses that generate stable, long-term cash flows under government-backed tariffs and concession agreements.

The company’s core activities center on ground-mounted solar PV installations in Italy, where its operating portfolio comprises multiple medium-sized projects secured under feed-in-tariff regimes.