GSA Capital Partners LLP increased its position in Hyliion Holdings Corp. (NYSE:HYLN - Free Report) by 3,622.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 449,498 shares of the company's stock after buying an additional 437,423 shares during the quarter. GSA Capital Partners LLP owned about 0.26% of Hyliion worth $629,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of HYLN. Renaissance Technologies LLC boosted its position in Hyliion by 49.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,290,566 shares of the company's stock valued at $3,368,000 after purchasing an additional 424,866 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Hyliion by 3.1% in the fourth quarter. Northern Trust Corp now owns 1,143,762 shares of the company's stock valued at $2,985,000 after acquiring an additional 34,531 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hyliion by 628.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 513,927 shares of the company's stock worth $1,335,000 after acquiring an additional 443,412 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Hyliion by 222.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 458,051 shares of the company's stock valued at $1,196,000 after acquiring an additional 315,921 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Hyliion during the fourth quarter worth about $942,000. 22.81% of the stock is owned by hedge funds and other institutional investors.
Hyliion Stock Performance
Shares of NYSE:HYLN traded down $0.03 during midday trading on Thursday, hitting $1.49. 605,979 shares of the company's stock traded hands, compared to its average volume of 1,371,618. The company has a market cap of $259.61 million, a PE ratio of -4.01 and a beta of 2.72. Hyliion Holdings Corp. has a twelve month low of $1.11 and a twelve month high of $4.10. The firm's fifty day moving average price is $1.50 and its two-hundred day moving average price is $1.62.
Insider Activity at Hyliion
In other news, CFO Jon Panzer bought 40,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average cost of $1.14 per share, for a total transaction of $45,600.00. Following the purchase, the chief financial officer owned 925,669 shares of the company's stock, valued at $1,055,262.66. This represents a 4.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have purchased 65,000 shares of company stock valued at $73,850. 20.90% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded shares of Hyliion from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.
Check Out Our Latest Research Report on HYLN
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