Wolverine Asset Management LLC raised its stake in Nuvve Holding Corp. (NASDAQ:NVVE – Get Rating) by 164.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 7,374 shares of the company’s stock after purchasing an additional 4,587 shares during the quarter. Wolverine Asset Management LLC’s holdings in Nuvve were worth $58,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in NVVE. Baird Financial Group Inc. bought a new position in shares of Nuvve in the 4th quarter worth $3,033,000. Caledonia Private Investments Pty Ltd bought a new position in shares of Nuvve during the 4th quarter valued at $1,130,000. Beaconlight Capital LLC bought a new position in shares of Nuvve during the 4th quarter valued at $519,000. 683 Capital Management LLC bought a new position in shares of Nuvve during the 4th quarter valued at $372,000. Finally, National Bank of Canada FI bought a new position in shares of Nuvve during the 4th quarter valued at $31,000. Institutional investors own 23.97% of the company’s stock.
Insider Transactions at Nuvve
In related news, CFO David Robson bought 10,250 shares of the company’s stock in a transaction dated Thursday, June 16th. The stock was purchased at an average cost of $5.54 per share, with a total value of $56,785.00. Following the transaction, the chief financial officer now owns 31,373 shares in the company, valued at approximately $173,806.42. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Gregory Poilasne sold 8,500 shares of Nuvve stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $7.09, for a total transaction of $60,265.00. Following the completion of the transaction, the chief executive officer now directly owns 1,174,815 shares of the company’s stock, valued at approximately $8,329,438.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David Robson purchased 10,250 shares of the stock in a transaction that occurred on Thursday, June 16th. The shares were acquired at an average cost of $5.54 per share, with a total value of $56,785.00. Following the completion of the transaction, the chief financial officer now owns 31,373 shares in the company, valued at $173,806.42. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 35,930 shares of company stock valued at $232,264 and sold 133,113 shares valued at $892,776. Corporate insiders own 8.20% of the company’s stock.
Nuvve Stock Performance
Nuvve (NASDAQ:NVVE – Get Rating) last announced its quarterly earnings results on Thursday, May 12th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.20). The firm had revenue of $2.37 million during the quarter, compared to the consensus estimate of $9.00 million. Nuvve had a negative return on equity of 36.82% and a negative net margin of 534.36%. As a group, analysts forecast that Nuvve Holding Corp. will post -1.78 EPS for the current year.
Nuvve Holding Corp., a green energy technology company, develops and commercializes vehicle-to-grid (V2G) technology in North America, Europe, and Japan. The company offers fleet and electric bus charging solutions, and V1G and V2G charging stations based on Grid Integrated Vehicle, a V2G technology platform that enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services.
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