Jane Street Group LLC Invests $489,000 in Kandi Technologies Group Inc (KNDI) Stock

Jane Street Group LLC acquired a new position in shares of Kandi Technologies Group Inc (NASDAQ:KNDI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 71,896 shares of the company’s stock, valued at approximately $489,000. Jane Street Group LLC owned approximately 0.15% of Kandi Technologies Group as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in KNDI. State Street Corp grew its stake in Kandi Technologies Group by 17.3% during the second quarter. State Street Corp now owns 39,990 shares of the company’s stock worth $178,000 after buying an additional 5,886 shares in the last quarter. B. Riley Financial Inc. acquired a new stake in Kandi Technologies Group during the fourth quarter worth about $136,000. Quantitative Investment Management LLC acquired a new stake in Kandi Technologies Group during the fourth quarter worth about $263,000. Finally, Adalta Capital Management LLC acquired a new stake in Kandi Technologies Group during the fourth quarter worth about $238,000. Hedge funds and other institutional investors own 4.29% of the company’s stock.

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KNDI opened at $4.70 on Monday. Kandi Technologies Group Inc has a 1-year low of $3.50 and a 1-year high of $9.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.20 and a current ratio of 1.29. The company has a market capitalization of $253.65, a PE ratio of 22.38 and a beta of 2.77.

Kandi Technologies Group (NASDAQ:KNDI) last posted its quarterly earnings results on Friday, March 16th. The company reported $0.80 earnings per share for the quarter. Kandi Technologies Group had a negative net margin of 27.57% and a positive return on equity of 3.91%. The company had revenue of $42.85 million for the quarter.

Separately, BidaskClub upgraded shares of Kandi Technologies Group from a “sell” rating to a “hold” rating in a research note on Friday, December 29th.

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About Kandi Technologies Group

Kandi Technologies Group, Inc (Kandi) is focused on the development of pure electric vehicle (EV) products and manufacturing electric vehicle’s parts. The Company’s business operations are the design, development, manufacturing and commercialization of electric vehicles, electric vehicle parts and off-road vehicles, which are distributed in China and global markets.

Institutional Ownership by Quarter for Kandi Technologies Group (NASDAQ:KNDI)

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