Ergoteles LLC Takes $55,000 Position in Sunlight Financial Holdings Inc. (NYSE:SUNL)

Ergoteles LLC bought a new stake in shares of Sunlight Financial Holdings Inc. (NYSE:SUNL – Get Rating) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 44,200 shares of the company’s stock, valued at approximately $55,000.

Several other institutional investors also recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings in shares of Sunlight Financial by 4.4% during the second quarter. Renaissance Technologies LLC now owns 227,400 shares of the company’s stock valued at $671,000 after purchasing an additional 9,500 shares during the last quarter. State Street Corp grew its holdings in Sunlight Financial by 9.8% in the 1st quarter. State Street Corp now owns 119,911 shares of the company’s stock worth $604,000 after buying an additional 10,711 shares in the last quarter. Verition Fund Management LLC bought a new position in Sunlight Financial in the 1st quarter worth approximately $56,000. American International Group Inc. bought a new position in Sunlight Financial in the 2nd quarter worth approximately $34,000. Finally, Prudential Financial Inc. bought a new position in Sunlight Financial in the 2nd quarter worth approximately $37,000. 29.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on SUNL. Credit Suisse Group lowered Sunlight Financial from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $4.00 to $1.60 in a report on Friday, January 13th. Cowen decreased their price objective on Sunlight Financial to $3.25 in a report on Thursday, November 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.06.

Sunlight Financial Stock Performance

SUNL opened at $1.07 on Thursday. Sunlight Financial Holdings Inc. has a 1-year low of $0.96 and a 1-year high of $5.70. The business has a 50 day moving average price of $1.34 and a two-hundred day moving average price of $1.68.

Sunlight Financial Company Profile

(Get Rating)

Sunlight Financial Holdings Inc operates a business-to-business-to-consumer technology-enabled point-of-sale financing platform in the United States. Its platform is used to provide secured and unsecured loans for homeowners originated by third-party lenders to purchase and install residential solar energy systems, and other home improvements.