NeoVolta, Inc. $NEOV Stake Lifted by Legacy Wealth Managment LLC ID

Key Points

• Legacy Wealth Management LLC ID increased its holdings in NeoVolta, Inc. by 2.7%, now owning 3,622,293 shares valued at approximately $7,860,000.
• Other hedge funds, including BIP Wealth LLC and Rossby Financial LLC, have also increased their positions in NeoVolta, indicating growing institutional interest in the company.
• As of the latest report, NeoVolta's stock has seen a 12-month price range from $1.80 to $6.11 and is currently trading at $3.77.

Legacy Wealth Managment LLC ID raised its stake in NeoVolta, Inc. (NASDAQ:NEOV - Free Report) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,622,293 shares of the company's stock after purchasing an additional 94,397 shares during the period. NeoVolta comprises 5.6% of Legacy Wealth Managment LLC ID's investment portfolio, making the stock its 5th biggest position. Legacy Wealth Managment LLC ID owned approximately 10.61% of NeoVolta worth $7,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NEOV. Legacy Investment Solutions LLC lifted its position in shares of NeoVolta by 1.2% during the 4th quarter. Legacy Investment Solutions LLC now owns 3,527,896 shares of the company's stock worth $18,380,000 after buying an additional 43,102 shares during the last quarter. BIP Wealth LLC boosted its position in NeoVolta by 3.2% during the first quarter. BIP Wealth LLC now owns 226,225 shares of the company's stock worth $491,000 after purchasing an additional 7,119 shares in the last quarter. Sovran Advisors LLC grew its stake in NeoVolta by 36.6% in the 1st quarter. Sovran Advisors LLC now owns 166,671 shares of the company's stock valued at $353,000 after acquiring an additional 44,671 shares during the last quarter. Northern Trust Corp grew its stake in NeoVolta by 50.0% in the 4th quarter. Northern Trust Corp now owns 127,998 shares of the company's stock valued at $667,000 after acquiring an additional 42,678 shares during the last quarter. Finally, Rossby Financial LCC grew its stake in NeoVolta by 41.1% in the 1st quarter. Rossby Financial LCC now owns 115,000 shares of the company's stock valued at $250,000 after acquiring an additional 33,500 shares during the last quarter. Institutional investors and hedge funds own 5.11% of the company's stock.

NeoVolta Price Performance

Shares of NASDAQ:NEOV traded down $0.08 on Friday, hitting $4.84. The company had a trading volume of 234,824 shares, compared to its average volume of 243,197. The company has a current ratio of 3.80, a quick ratio of 2.28 and a debt-to-equity ratio of 0.10. NeoVolta, Inc. has a 52-week low of $1.80 and a 52-week high of $6.11. The business has a 50 day moving average of $4.29 and a 200 day moving average of $3.33. The company has a market cap of $165.17 million, a PE ratio of -40.62 and a beta of -0.94.

NeoVolta Company Profile

NeoVolta Inc designs, manufactures, and sells energy storage systems in the United States. It provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors.