BIP Wealth LLC Has $1.14 Million Holdings in NeoVolta Inc. (NASDAQ:NEOV)

BIP Wealth LLC grew its position in shares of NeoVolta Inc. (NASDAQ:NEOV) by 9.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 219,106 shares of the company’s stock after purchasing an additional 18,892 shares during the quarter. BIP Wealth LLC’s holdings in NeoVolta were worth $1,142,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in NeoVolta during the fourth quarter valued at about $408,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of NeoVolta during the fourth quarter worth approximately $185,000. Northern Trust Corp boosted its holdings in NeoVolta by 50.0% during the 4th quarter. Northern Trust Corp now owns 127,998 shares of the company’s stock valued at $667,000 after acquiring an additional 42,678 shares during the period. Marshall Wace LLP bought a new position in shares of NeoVolta during the fourth quarter valued at about $167,000. Finally, Rossby Financial LCC purchased a new stake in NeoVolta in the fourth quarter worth $425,000. 5.11% of the stock is currently owned by hedge funds and other institutional investors.

NeoVolta Stock Down 3.9 %

Shares of NeoVolta stock opened at $3.42 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 12.03 and a quick ratio of 5.94. The company has a 50-day moving average of $2.51 and a 200 day moving average of $3.63. NeoVolta Inc. has a 1 year low of $1.80 and a 1 year high of $6.11. The firm has a market cap of $114.29 million, a price-to-earnings ratio of -34.20 and a beta of -0.82.

NeoVolta (NASDAQ:NEOV) last issued its quarterly earnings data on Friday, February 7th. The company reported ($0.03) earnings per share for the quarter. NeoVolta had a negative return on equity of 76.86% and a negative net margin of 128.91%.

NeoVolta Company Profile

NeoVolta Inc designs, manufactures, and sells energy storage systems in the United States. It provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors.