SG Americas Securities LLC Acquires New Holdings in Gorilla Technology Group Inc. (NASDAQ:GRRR)

SG Americas Securities LLC acquired a new position in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 56,166 shares of the company's stock, valued at approximately $1,663,000. SG Americas Securities LLC owned 0.30% of Gorilla Technology Group at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in Gorilla Technology Group during the 4th quarter valued at $72,000. SBI Securities Co. Ltd. purchased a new position in shares of Gorilla Technology Group during the fourth quarter valued at $1,389,000. 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 in the last quarter. Creative Financial Designs Inc. ADV acquired a new position in Gorilla Technology Group during the fourth quarter valued at $135,000. Finally, XTX Topco Ltd purchased a new stake in Gorilla Technology Group in the 4th quarter worth about $426,000. 1.33% of the stock is owned by hedge funds and other institutional investors.

Gorilla Technology Group Stock Performance

NASDAQ GRRR traded up $0.36 during trading on Thursday, reaching $18.81. 2,183,856 shares of the company's stock were exchanged, compared to its average volume of 1,895,328. Gorilla Technology Group Inc. has a fifty-two week low of $2.09 and a fifty-two week high of $44.15. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.07. The company's fifty day simple moving average is $18.15 and its 200-day simple moving average is $19.03.

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 for the quarter, beating analysts' consensus estimates of $0.01 by $0.22. The business had revenue of $20.00 million during the quarter, compared to analyst estimates of $19.50 million. On average, research analysts expect that Gorilla Technology Group Inc. will post 0.33 EPS for the current year.

Gorilla Technology Group Profile

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.