ReNew Energy Global PLC (NASDAQ:RNW) Holdings Trimmed by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC reduced its stake in shares of ReNew Energy Global PLC (NASDAQ:RNW - Free Report) by 41.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 759,755 shares of the company's stock after selling 543,524 shares during the quarter. Daymark Wealth Partners LLC owned about 0.21% of ReNew Energy Global worth $4,475,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RNW. Franklin Resources Inc. grew its stake in shares of ReNew Energy Global by 191.4% in the fourth quarter. Franklin Resources Inc. now owns 5,693,312 shares of the company's stock worth $38,885,000 after purchasing an additional 3,739,645 shares in the last quarter. Walleye Capital LLC bought a new position in shares of ReNew Energy Global in the fourth quarter worth $19,302,000. Norges Bank bought a new position in ReNew Energy Global during the fourth quarter valued at about $4,107,000. Millennium Management LLC boosted its stake in ReNew Energy Global by 8.9% during the fourth quarter. Millennium Management LLC now owns 5,169,576 shares of the company's stock valued at $35,308,000 after buying an additional 420,831 shares in the last quarter. Finally, Silphium Asset Management Ltd bought a new position in ReNew Energy Global during the fourth quarter valued at about $2,049,000. 43.56% of the stock is currently owned by institutional investors.

ReNew Energy Global Price Performance

RNW stock traded down $0.05 during trading hours on Friday, hitting $6.81. 720,048 shares of the stock traded hands, compared to its average volume of 969,113. The stock has a 50-day simple moving average of $6.69 and a 200 day simple moving average of $6.54. ReNew Energy Global PLC has a one year low of $5.15 and a one year high of $7.49. The company has a market cap of $2.47 billion, a P/E ratio of 42.57 and a beta of 0.89. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 4.44.

ReNew Energy Global Profile

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.