Insider Buying: Hyliion Holdings Corp. (NYSE:HYLN) Director Purchases $147,500.00 in Stock

Posted by Jared Coughlin on Nov 23rd, 2024

Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) Director Jeffrey A. Craig bought 50,000 shares of Hyliion stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of $2.95 per share, for a total transaction of $147,500.00. Following the completion of the acquisition, the director now owns 282,060 shares in the company, valued at approximately $832,077. The trade was a 21.55 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hyliion Trading Up 3.4 %

Shares of NYSE:HYLN opened at $3.84 on Friday. The company has a market capitalization of $666.25 million, a price-to-earnings ratio of -10.36 and a beta of 1.91. Hyliion Holdings Corp. has a 12 month low of $0.55 and a 12 month high of $4.04. The firm’s 50-day moving average is $2.53 and its 200 day moving average is $2.03.

Analysts Set New Price Targets

HYLN has been the topic of several analyst reports. Northland Securities upped their price target on shares of Hyliion from $1.50 to $2.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Northland Capmk upgraded shares of Hyliion to a “hold” rating in a report on Tuesday, October 1st.

Check Out Our Latest Stock Analysis on Hyliion

Hedge Funds Weigh In On Hyliion

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Hyliion by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 7,291,480 shares of the company’s stock valued at $12,833,000 after buying an additional 762,909 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Hyliion by 9.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 104,086 shares of the company’s stock valued at $184,000 after buying an additional 8,580 shares during the period. Bank of New York Mellon Corp boosted its position in Hyliion by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 574,988 shares of the company’s stock valued at $931,000 after buying an additional 51,794 shares during the period. HITE Hedge Asset Management LLC purchased a new stake in Hyliion in the 2nd quarter valued at about $656,000. Finally, AQR Capital Management LLC purchased a new stake in Hyliion in the 2nd quarter valued at about $40,000. 22.81% of the stock is currently owned by institutional investors.