Gratia Capital LLC Acquires New Holdings in Tecogen Inc. $TGEN

Gratia Capital LLC bought a new stake in Tecogen Inc. (OTCMKTS:TGEN) in the second quarter, Holdings Channel.com reports. The institutional investor bought 388,660 shares of the company’s stock, valued at approximately $2,029,000. Tecogen comprises about 1.2% of Gratia Capital LLC’s portfolio, making the stock its 21st biggest position.

Several other large investors also recently added to or reduced their stakes in the business. Shikiar Asset Management Inc. increased its stake in shares of Tecogen by 32.7% during the 1st quarter. Shikiar Asset Management Inc. now owns 17,650 shares of the company’s stock worth $45,000 after purchasing an additional 4,350 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Tecogen by 4,069.0% in the 3rd quarter. Bank of America Corp DE now owns 4,836 shares of the company’s stock valued at $43,000 after purchasing an additional 4,720 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of Tecogen in the 1st quarter valued at $26,000. NewEdge Advisors LLC bought a new stake in Tecogen in the third quarter worth $91,000. Finally, Dimensional Fund Advisors LP bought a new stake in Tecogen in the first quarter worth $29,000.

Analyst Upgrades and Downgrades

Separately, Northland Securities set a $7.50 target price on Tecogen in a report on Friday, May 15th.

Tecogen Trading Down 4.3%

Tecogen stock opened at $3.09 on Thursday. The business has a 50 day moving average price of $3.57 and a two-hundred day moving average price of $4.09. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.03. The stock has a market cap of $93.28 million, a price-to-earnings ratio of -14.71 and a beta of 2.16. Tecogen Inc. has a 12 month low of $1.94 and a 12 month high of $12.07.

Tecogen Profile

Tecogen Inc designs, manufactures and sells on?site power generation and combined heat and power (CHP) systems for commercial, industrial and institutional markets. The company’s natural gas–fueled cogeneration units produce electricity while capturing and reusing waste heat for space and water heating, providing enhanced energy efficiency over traditional utility?supplied electrical systems. Tecogen’s portfolio also includes ultra?low NOx emission technologies, absorption chillers and ancillary equipment tailored to meet the specific demands of manufacturing facilities, hospitals, universities and other energy?intensive customers.

Central to Tecogen’s product lineup is its InVerde e+ series of cogeneration modules, which integrate internally developed low?emission combustion systems with advanced controls to optimize performance and reliability.