SBI Securities Co. Ltd. Acquires 41,828 Shares of Gorilla Technology Group Inc. (NASDAQ:GRRR)

SBI Securities Co. Ltd. grew its position in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR - Free Report) by 54.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,765 shares of the company's stock after buying an additional 41,828 shares during the quarter. SBI Securities Co. Ltd. owned 0.64% of Gorilla Technology Group worth $3,515,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Anson Funds Management LP grew its holdings in shares of Gorilla Technology Group by 3,360.4% during the fourth quarter. Anson Funds Management LP now owns 600,000 shares of the company's stock valued at $10,836,000 after buying an additional 582,661 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Gorilla Technology Group during the first quarter valued at approximately $1,663,000. Toronto Dominion Bank purchased a new stake in shares of Gorilla Technology Group during the fourth quarter valued at approximately $903,000. BNP Paribas Financial Markets purchased a new stake in shares of Gorilla Technology Group during the fourth quarter valued at approximately $737,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Gorilla Technology Group by 41.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company's stock valued at $722,000 after buying an additional 11,663 shares during the last quarter. Hedge funds and other institutional investors own 1.33% of the company's stock.

Gorilla Technology Group Stock Down 1.3%

GRRR stock traded down $0.26 on Thursday, hitting $20.16. The company had a trading volume of 1,670,083 shares, compared to its average volume of 2,164,798. Gorilla Technology Group Inc. has a 12-month low of $2.09 and a 12-month high of $44.15. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.04. The stock's 50-day simple moving average is $19.55 and its 200 day simple moving average is $20.52.

Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) last issued its earnings results on Wednesday, June 18th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.22. The company had revenue of $20.00 million during the quarter, compared to analysts' expectations of $19.50 million. On average, research analysts expect that Gorilla Technology Group Inc. will post 0.33 earnings per share for the current fiscal year.

About Gorilla Technology Group

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.