GSA Capital Partners LLP Increases Holdings in Hyliion Holdings Corp. (NYSE:HYLN)

Key Points

• GSA Capital Partners LLP significantly increased its stake in Hyliion Holdings Corp. by 3,622.6%, owning 449,498 shares worth approximately $629,000.
• Hyliion's stock recently traded at $1.40, having a market capitalization of $244.75 million and experiencing a 6.7% decline.
• In a recent analyst report, Wall Street Zen downgraded Hyliion's rating from "hold" to "sell", indicating a negative outlook for the stock.

GSA Capital Partners LLP boosted its position in shares of Hyliion Holdings Corp. (NYSE:HYLN - Free Report) by 3,622.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 449,498 shares of the company's stock after purchasing an additional 437,423 shares during the quarter. GSA Capital Partners LLP owned about 0.26% of Hyliion worth $629,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Aquatic Capital Management LLC bought a new position in shares of Hyliion during the 4th quarter worth $42,000. Raymond James Financial Inc. purchased a new stake in Hyliion in the fourth quarter worth about $43,000. Oxford Asset Management LLP bought a new position in Hyliion during the 4th quarter worth about $50,000. Mercer Global Advisors Inc. ADV purchased a new position in Hyliion during the 4th quarter valued at about $72,000. Finally, ExodusPoint Capital Management LP purchased a new position in Hyliion during the 4th quarter valued at about $81,000. 22.81% of the stock is owned by institutional investors.

Hyliion Trading Down 6.7%

Shares of NYSE HYLN opened at $1.40 on Monday. Hyliion Holdings Corp. has a 12-month low of $1.11 and a 12-month high of $4.10. The stock's fifty day simple moving average is $1.49 and its two-hundred day simple moving average is $1.63. The stock has a market capitalization of $244.75 million, a PE ratio of -3.78 and a beta of 2.59.

Insiders Place Their Bets

In other news, CFO Jon Panzer bought 40,000 shares of Hyliion stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of $1.14 per share, for a total transaction of $45,600.00. Following the completion of the acquisition, the chief financial officer owned 925,669 shares of the company's stock, valued at $1,055,262.66. This trade represents a 4.52% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders bought a total of 65,000 shares of company stock worth $73,850 over the last 90 days. 20.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Hyliion from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

About Hyliion

Want to see what other hedge funds are holding HYLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyliion Holdings Corp. (NYSE:HYLN - Free Report).

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