Virtu Financial LLC Acquires Shares of 31,760 Kandi Technologies Group Inc (NASDAQ:KNDI)

Virtu Financial LLC bought a new position in shares of Kandi Technologies Group Inc (NASDAQ:KNDI) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 31,760 shares of the company’s stock, valued at approximately $178,000. Virtu Financial LLC owned 0.06% of Kandi Technologies Group as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. First Allied Advisory Services Inc. purchased a new stake in shares of Kandi Technologies Group in the 4th quarter worth $91,000. GSA Capital Partners LLP purchased a new stake in shares of Kandi Technologies Group in the 4th quarter worth $143,000. Private Advisor Group LLC increased its stake in shares of Kandi Technologies Group by 26.6% in the 4th quarter. Private Advisor Group LLC now owns 42,175 shares of the company’s stock worth $153,000 after purchasing an additional 8,850 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Kandi Technologies Group by 21.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 50,703 shares of the company’s stock worth $184,000 after purchasing an additional 9,000 shares in the last quarter. Hedge funds and other institutional investors own 3.89% of the company’s stock.

KNDI stock traded down $0.14 during trading on Wednesday, reaching $4.88. The company’s stock had a trading volume of 211,637 shares, compared to its average volume of 1,223,047. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. Kandi Technologies Group Inc has a 1 year low of $3.54 and a 1 year high of $9.23.

Kandi Technologies Group (NASDAQ:KNDI) last issued its quarterly earnings data on Friday, May 10th. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $18.07 million for the quarter. Kandi Technologies Group had a negative net margin of 11.32% and a negative return on equity of 6.26%.

In other news, CEO Xiaoming Hu acquired 122,032 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average price of $4.75 per share, for a total transaction of $579,652.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 27.40% of the company’s stock.

Several equities research analysts have recently commented on KNDI shares. BidaskClub upgraded Kandi Technologies Group from a “strong sell” rating to a “sell” rating in a research note on Friday, May 17th. TheStreet upgraded Kandi Technologies Group from a “d+” rating to a “c” rating in a research note on Thursday, February 21st.

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Kandi Technologies Group Profile

Kandi Technologies Group, Inc, through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including go-karts, all-terrain vehicles, utility vehicles, and other vehicles for sale to distributors or consumers; and EV parts comprising battery packs, EV drive motors, EV controllers, air conditioners, and other electric products.

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

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