Shoals Technologies Group, Inc. (NASDAQ:SHLS – Get Rating) CEO Jason R. Whitaker sold 3,008 shares of the company’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $24.59, for a total transaction of $73,966.72. Following the completion of the sale, the chief executive officer now directly owns 461,964 shares in the company, valued at $11,359,694.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shoals Technologies Group Stock Performance
Shares of NASDAQ SHLS opened at $26.58 on Tuesday. Shoals Technologies Group, Inc. has a one year low of $9.58 and a one year high of $32.43. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.92 and a quick ratio of 1.53. The company has a market capitalization of $4.45 billion, a P/E ratio of 32.02 and a beta of 2.17. The business’s 50-day moving average price is $25.84 and its two-hundred day moving average price is $24.84.
Institutional Trading of Shoals Technologies Group
Institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC lifted its holdings in shares of Shoals Technologies Group by 4.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 14,702 shares of the company’s stock worth $242,000 after acquiring an additional 652 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Shoals Technologies Group by 1.3% in the 3rd quarter. MetLife Investment Management LLC now owns 59,744 shares of the company’s stock worth $1,287,000 after acquiring an additional 751 shares during the last quarter. Green Alpha Advisors LLC increased its position in Shoals Technologies Group by 2.0% during the 4th quarter. Green Alpha Advisors LLC now owns 42,141 shares of the company’s stock valued at $1,040,000 after purchasing an additional 826 shares during the period. Royal Bank of Canada grew its position in Shoals Technologies Group by 7.6% during the 3rd quarter. Royal Bank of Canada now owns 11,789 shares of the company’s stock valued at $253,000 after purchasing an additional 836 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Shoals Technologies Group by 7.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,222 shares of the company’s stock valued at $376,000 after acquiring an additional 1,030 shares during the period. Institutional investors own 81.94% of the company’s stock.
Wall Street Analyst Weigh In
Shoals Technologies Group Company Profile
Shoals Technologies Group, Inc provides electrical balance of system (EBOS) solutions for solar energy projects in the United States. It produces EBOS components, including cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, splice boxes, wire management solutions, and IV curve benchmarking devices.
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