Migdal Insurance & Financial Holdings Ltd. Has $566,000 Stake in Brenmiller Energy Ltd (NASDAQ:BNRG)

Migdal Insurance & Financial Holdings Ltd. trimmed its holdings in Brenmiller Energy Ltd (NASDAQ:BNRG) by 90.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,673 shares of the company’s stock after selling 870,052 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned 4.35% of Brenmiller Energy worth $566,000 at the end of the most recent quarter.

Separately, Jane Street Group LLC acquired a new stake in shares of Brenmiller Energy in the third quarter valued at approximately $152,000. 13.23% of the stock is currently owned by hedge funds and other institutional investors.

Brenmiller Energy Trading Down 5.7 %

Shares of NASDAQ BNRG opened at $2.16 on Thursday. The company has a current ratio of 1.68, a quick ratio of 1.46 and a debt-to-equity ratio of 1.73. Brenmiller Energy Ltd has a 1-year low of $2.00 and a 1-year high of $14.90. The business’s 50 day moving average is $2.99 and its 200-day moving average is $4.93.

Brenmiller Energy Profile

Brenmiller Energy Ltd. develops, produces, markets, and sells thermal energy storage (TES) systems based on its proprietary technology that enables renewable integration, increases energy efficiency, and reduces carbon emissions. Its TES system dispatches thermal energy on demand in the form of steam, which can be saturated for industrial use, or in the form of a superheated steam, which can be used to activate steam turbines.