Ellomay Capital Ltd. $ELLO Shares Acquired by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. grew its position in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 75.5% during the fourth quarter, Holdings Channel reports. The firm owned 193,565 shares of the utilities provider’s stock after acquiring an additional 83,300 shares during the period. Ellomay Capital makes up approximately 0.9% of Yelin Lapidot Holdings Management Ltd.’s portfolio, making the stock its 26th largest position. Yelin Lapidot Holdings Management Ltd.’s holdings in Ellomay Capital were worth $4,704,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Ellomay Capital by 39.6% in the third quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 1,021 shares during the period. Menora Mivtachim Holdings LTD. acquired a new position in shares of Ellomay Capital in the third quarter valued at about $17,019,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Ellomay Capital by 4.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,594,224 shares of the utilities provider’s stock valued at $28,276,000 after purchasing an additional 70,180 shares during the period. 27.54% of the stock is owned by institutional investors and hedge funds.

Ellomay Capital Stock Down 1.6%

Shares of ELLO stock opened at $23.36 on Friday. The firm has a market capitalization of $321.90 million, a PE ratio of -129.78 and a beta of 0.98. Ellomay Capital Ltd. has a fifty-two week low of $13.18 and a fifty-two week high of $30.34. The stock’s 50-day simple moving average is $25.05 and its 200-day simple moving average is $24.35. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.24 and a current ratio of 1.24.

About Ellomay Capital

Ellomay Capital Ltd. is an Israel-based investment company specializing in the acquisition, financing, development and operation of renewable energy and related infrastructure assets. Founded in 2014 and traded on the NYSE American under the ticker ELLO, Ellomay focuses on building a diversified portfolio of solar photovoltaic (PV) projects and specialty infrastructure businesses that generate stable, long-term cash flows under government-backed tariffs and concession agreements.

The company’s core activities center on ground-mounted solar PV installations in Italy, where its operating portfolio comprises multiple medium-sized projects secured under feed-in-tariff regimes.