Gratia Capital LLC Buys New Shares in Tecogen Inc. $TGEN

Gratia Capital LLC bought a new position in shares of Tecogen Inc. (OTCMKTS:TGEN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 388,660 shares of the company’s stock, valued at approximately $2,029,000. Tecogen makes up about 1.2% of Gratia Capital LLC’s holdings, making the stock its 21st largest holding. Gratia Capital LLC owned about 1.29% of Tecogen as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TGEN. Citizens Financial Group Inc. RI bought a new stake in shares of Tecogen during the 1st quarter worth $26,000. Dimensional Fund Advisors LP purchased a new stake in shares of Tecogen during the first quarter valued at $29,000. Bank of America Corp DE lifted its holdings in shares of Tecogen by 4,069.0% during the third quarter. Bank of America Corp DE now owns 4,836 shares of the company’s stock valued at $43,000 after purchasing an additional 4,720 shares during the last quarter. Shikiar Asset Management Inc. increased its stake in Tecogen by 32.7% in the 1st quarter. Shikiar Asset Management Inc. now owns 17,650 shares of the company’s stock worth $45,000 after purchasing an additional 4,350 shares in the last quarter. Finally, Gabelli Funds LLC purchased a new position in Tecogen in the 1st quarter worth about $51,000.

Tecogen Stock Down 4.3%

Tecogen stock opened at $3.09 on Thursday. Tecogen Inc. has a twelve month low of $1.94 and a twelve month high of $12.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.70 and a current ratio of 1.53. The firm has a market cap of $93.28 million, a PE ratio of -14.71 and a beta of 2.16. The firm’s 50 day moving average price is $3.57 and its two-hundred day moving average price is $4.09.

Analyst Upgrades and Downgrades

Separately, Northland Securities set a $7.50 price objective on shares of Tecogen in a research note on Friday, May 15th.

Tecogen Company Profile

Tecogen Inc designs, manufactures and sells on‐site power generation and combined heat and power (CHP) systems for commercial, industrial and institutional markets. The company’s natural gas–fueled cogeneration units produce electricity while capturing and reusing waste heat for space and water heating, providing enhanced energy efficiency over traditional utility‐supplied electrical systems. Tecogen’s portfolio also includes ultra‐low NOx emission technologies, absorption chillers and ancillary equipment tailored to meet the specific demands of manufacturing facilities, hospitals, universities and other energy‐intensive customers.

Central to Tecogen’s product lineup is its InVerde e+ series of cogeneration modules, which integrate internally developed low‐emission combustion systems with advanced controls to optimize performance and reliability.