Adalta Capital Management LLC bought a new position in shares of Kandi Technologies Group Inc (NASDAQ:KNDI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 34,977 shares of the company’s stock, valued at approximately $238,000.
Other institutional investors have also bought and sold shares of the company. State Street Corp grew its position in shares of Kandi Technologies Group by 17.3% in the second quarter. State Street Corp now owns 39,990 shares of the company’s stock valued at $178,000 after purchasing an additional 5,886 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in shares of Kandi Technologies Group in the fourth quarter valued at about $263,000. Finally, B. Riley Financial Inc. acquired a new stake in shares of Kandi Technologies Group in the fourth quarter valued at about $136,000. 4.82% of the stock is currently owned by hedge funds and other institutional investors.
Separately, BidaskClub raised Kandi Technologies Group from a “sell” rating to a “hold” rating in a research report on Friday, December 29th.
Kandi Technologies Group Profile
Kandi Technologies Group, Inc (Kandi) is focused on the development of pure electric vehicle (EV) products and manufacturing electric vehicle’s parts. The Company’s business operations are the design, development, manufacturing and commercialization of electric vehicles, electric vehicle parts and off-road vehicles, which are distributed in China and global markets.
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