Hyliion Holdings Corp. (NYSE:HYLN) Insider Purchases $57,600.00 in Stock

Hyliion Holdings Corp. (NYSE:HYLN) insider Govindaraj Ramasamy bought 30,000 shares of Hyliion stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of $1.92 per share, with a total value of $57,600.00. Following the completion of the acquisition, the insider now directly owns 298,000 shares in the company, valued at approximately $572,160. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hyliion Stock Up 5.6 %

Shares of Hyliion stock traded up $0.10 on Wednesday, hitting $1.87. The stock had a trading volume of 1,191,626 shares, compared to its average volume of 936,796. Hyliion Holdings Corp. has a 52-week low of $0.52 and a 52-week high of $2.61. The company’s 50 day moving average price is $1.96 and its 200 day moving average price is $1.69.

Hyliion (NYSE:HYLN) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Equities research analysts expect that Hyliion Holdings Corp. will post -0.29 earnings per share for the current year.

Institutional Trading of Hyliion

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

Analyst Ratings Changes

Separately, Northland Securities boosted their target price on Hyliion from $1.50 to $2.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th.

Hyliion Company Profile