Summit Trail Advisors LLC acquired a new position in FREYR Battery, Inc. (NYSE:FREY – Free Report) in the 4th quarter, HoldingsChannel reports. The firm acquired 50,000 shares of the company’s stock, valued at approximately $129,000.
Several other institutional investors and hedge funds have also recently modified their holdings of FREY. DRW Securities LLC purchased a new stake in shares of FREYR Battery in the third quarter worth approximately $29,000. SG Americas Securities LLC raised its stake in shares of FREYR Battery by 93.3% in the third quarter. SG Americas Securities LLC now owns 43,228 shares of the company’s stock worth $42,000 after purchasing an additional 20,860 shares during the last quarter. FSM Wealth Advisors LLC purchased a new stake in shares of FREYR Battery in the fourth quarter worth approximately $51,000. BNP Paribas Financial Markets grew its holdings in shares of FREYR Battery by 182.9% in the third quarter. BNP Paribas Financial Markets now owns 55,575 shares of the company’s stock valued at $54,000 after acquiring an additional 35,928 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of FREYR Battery in the second quarter valued at approximately $75,000. 52.31% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other FREYR Battery news, Director Tore Ivar Slettemoen sold 391,071 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $1.88, for a total transaction of $735,213.48. Following the completion of the transaction, the director now directly owns 5,080,446 shares of the company’s stock, valued at approximately $9,551,238.48. This represents a 7.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joseph Evan Calio acquired 50,000 shares of FREYR Battery stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of $1.57 per share, with a total value of $78,500.00. Following the completion of the acquisition, the chief financial officer now owns 680,462 shares of the company’s stock, valued at $1,068,325.34. This trade represents a 7.93 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 804,292 shares of company stock valued at $1,439,009 over the last three months. Corporate insiders own 20.40% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on FREY
FREYR Battery Stock Up 10.8 %
FREY stock opened at $1.91 on Friday. The firm has a market cap of $267.63 million, a PE ratio of -2.51 and a beta of 0.94. The business has a 50 day moving average of $2.18 and a 200-day moving average of $1.66. FREYR Battery, Inc. has a 12-month low of $0.91 and a 12-month high of $3.36.
FREYR Battery Company Profile
FREYR Battery, Inc provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Luxembourg.
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