Anson Funds Management LP reduced its position in Gorilla Technology Group Inc. (NASDAQ:GRRR - Free Report) by 79.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,137 shares of the company's stock after selling 478,863 shares during the quarter. Anson Funds Management LP owned 0.66% of Gorilla Technology Group worth $3,586,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of GRRR. Cetera Investment Advisers bought a new stake in Gorilla Technology Group during the 4th quarter valued at about $258,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Gorilla Technology Group during the first quarter valued at about $318,000. Caitong International Asset Management Co. Ltd acquired a new position in Gorilla Technology Group in the 1st quarter worth approximately $341,000. Creative Financial Designs Inc. ADV grew its stake in shares of Gorilla Technology Group by 69.2% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 12,690 shares of the company's stock worth $376,000 after purchasing an additional 5,190 shares during the period. Finally, Stifel Financial Corp purchased a new position in Gorilla Technology Group in the 4th quarter valued at $412,000. 1.33% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded Gorilla Technology Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $18.00.
Check Out Our Latest Analysis on GRRR
Gorilla Technology Group Trading Up 1.4%
Shares of Gorilla Technology Group stock traded up $0.22 during trading hours on Friday, reaching $16.27. The stock had a trading volume of 709,701 shares, compared to its average volume of 2,730,650. The firm has a 50 day simple moving average of $18.79 and a two-hundred day simple moving average of $20.76. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.48 and a current ratio of 2.16. Gorilla Technology Group Inc. has a 1 year low of $2.99 and a 1 year high of $44.15.
Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.33). The firm had revenue of $21.50 million during the quarter, compared to the consensus estimate of $21.50 million. On average, analysts expect that Gorilla Technology Group Inc. will post 0.33 earnings per share for the current fiscal year.
Gorilla Technology Group Company Profile
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Free Report)
Gorilla Technology Group Inc provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata.
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