Stifel Financial Corp Has $5.37 Million Position in PureCycle Technologies, Inc. (NASDAQ:PCT)

Stifel Financial Corp raised its stake in PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) by 55.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 523,440 shares of the company's stock after buying an additional 187,668 shares during the quarter. Stifel Financial Corp owned 0.30% of PureCycle Technologies worth $5,365,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of PureCycle Technologies by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 14,100,507 shares of the company's stock worth $144,530,000 after buying an additional 758,382 shares in the last quarter. Gladstone Institutional Advisory LLC grew its holdings in shares of PureCycle Technologies by 3.7% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 3,462,652 shares of the company's stock worth $35,492,000 after purchasing an additional 122,700 shares during the last quarter. Geode Capital Management LLC lifted its holdings in PureCycle Technologies by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 3,185,348 shares of the company's stock valued at $32,658,000 after purchasing an additional 60,903 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in PureCycle Technologies by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,137,300 shares of the company's stock worth $11,657,000 after acquiring an additional 37,019 shares during the last quarter. Finally, SWS Partners boosted its stake in PureCycle Technologies by 0.4% in the fourth quarter. SWS Partners now owns 736,732 shares of the company's stock worth $7,552,000 after purchasing an additional 3,003 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Insider Activity at PureCycle Technologies

In other news, major shareholder Sylebra Capital Llc bought 619,925 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were acquired at an average price of $8.06 per share, with a total value of $4,996,595.50. Following the transaction, the insider now owns 34,077,574 shares in the company, valued at $274,665,246.44. This represents a 1.85 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 21.67% of the company's stock.

PureCycle Technologies Price Performance

NASDAQ:PCT traded down $0.15 during mid-day trading on Monday, reaching $6.58. 782,952 shares of the company were exchanged, compared to its average volume of 2,337,590. PureCycle Technologies, Inc. has a 12 month low of $4.50 and a 12 month high of $15.58. The stock has a market cap of $1.18 billion, a PE ratio of -4.38 and a beta of 1.68. The company has a quick ratio of 1.63, a current ratio of 1.74 and a debt-to-equity ratio of 1.36. The company has a fifty day moving average of $7.24 and a 200 day moving average of $9.72.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.32). On average, research analysts anticipate that PureCycle Technologies, Inc. will post -1.01 EPS for the current fiscal year.

PureCycle Technologies Company Profile

PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.