Two Sigma Investments LP Grows Stake in Greenland Technologies Holding Co. (NASDAQ:GTEC)

Two Sigma Investments LP increased its stake in Greenland Technologies Holding Co. (NASDAQ:GTEC) by 30.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,601 shares of the company’s stock after acquiring an additional 28,009 shares during the period. Two Sigma Investments LP owned approximately 0.87% of Greenland Technologies worth $230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GTEC. Walleye Trading LLC purchased a new position in Greenland Technologies in the fourth quarter worth about $33,000. Northern Trust Corp grew its position in Greenland Technologies by 103.7% in the fourth quarter. Northern Trust Corp now owns 53,101 shares of the company’s stock worth $103,000 after acquiring an additional 27,035 shares in the last quarter. Jane Street Group LLC purchased a new position in Greenland Technologies in the fourth quarter worth about $28,000. BNP Paribas Financial Markets purchased a new position in Greenland Technologies in the fourth quarter worth about $60,000. Finally, Millennium Management LLC grew its position in Greenland Technologies by 138.3% in the fourth quarter. Millennium Management LLC now owns 49,673 shares of the company’s stock worth $96,000 after acquiring an additional 28,824 shares in the last quarter. Hedge funds and other institutional investors own 10.89% of the company’s stock.

Greenland Technologies Trading Up 1.9%

GTEC opened at $2.16 on Thursday. The company has a current ratio of 1.68, a quick ratio of 1.31 and a debt-to-equity ratio of 0.02. The firm has a market cap of $37.57 million, a P/E ratio of -2.27 and a beta of 2.02. Greenland Technologies Holding Co. has a 12 month low of $1.17 and a 12 month high of $2.94. The stock has a 50-day moving average of $1.86 and a 200 day moving average of $1.91.

Greenland Technologies (NASDAQ:GTEC) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.29 earnings per share (EPS) for the quarter. Greenland Technologies had a negative net margin of 14.16% and a negative return on equity of 23.51%. As a group, research analysts forecast that Greenland Technologies Holding Co. will post 0.49 EPS for the current year.

Insiders Place Their Bets

In other news, Director Peter Wang acquired 6,211,740 shares of the firm’s stock in a transaction on Tuesday, April 22nd. The stock was acquired at an average price of $1.00 per share, with a total value of $6,211,740.00. Following the completion of the purchase, the director now directly owns 6,211,740 shares in the company, valued at approximately $6,211,740. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 47.16% of the stock is owned by insiders.

Greenland Technologies Company Profile

Greenland Technologies Holding Corporation designs, develops, manufactures, and sells components and products for material handling industries worldwide. The company offers transmission products, such as transmission systems and integrated powertrain primarily for electric forklift trucks; electric industrial heavy equipment, including electric wheeled front loader, electric excavator, and electric lithium forklifts; and provides charging solutions.