Ellomay Capital (NYSEAMERICAN:ELLO) Releases Earnings Results

Ellomay Capital (NYSEAMERICAN:ELLO) released its quarterly earnings results on Wednesday. The utilities provider reported ($0.88) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $10.03 million for the quarter. Ellomay Capital had a negative return on equity of 12.30% and a negative net margin of 45.04%.

Ellomay Capital Stock Performance

NYSEAMERICAN:ELLO opened at $24.50 on Friday. The stock’s 50-day moving average is $24.50 and its 200-day moving average is $24.56. Ellomay Capital has a 1-year low of $13.18 and a 1-year high of $30.34. The stock has a market cap of $337.61 million, a P/E ratio of -14.24 and a beta of 0.98. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 3.49.

Hedge Funds Weigh In On Ellomay Capital

Several institutional investors have recently added to or reduced their stakes in ELLO. Menora Mivtachim Holdings LTD. acquired a new position in Ellomay Capital in the third quarter valued at approximately $17,019,000. Yelin Lapidot Holdings Management Ltd. lifted its stake in Ellomay Capital by 75.5% in the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 193,565 shares of the utilities provider’s stock valued at $4,704,000 after buying an additional 83,300 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its stake in 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 buying an additional 70,180 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in 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 buying an additional 1,021 shares during the period. 27.54% of the stock is owned by institutional investors and hedge funds.

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.