Ellomay Capital (NYSEAMERICAN:ELLO) Announces Earnings Results

Ellomay Capital (NYSEAMERICAN:ELLO) announced its quarterly earnings results on Wednesday. The utilities provider reported ($0.88) earnings per share (EPS) for the quarter, FiscalAI reports. Ellomay Capital had a negative net margin of 4.25% and a negative return on equity of 1.21%. The company had revenue of $10.03 million during the quarter.

Ellomay Capital Stock Performance

NYSEAMERICAN:ELLO traded up $0.31 during trading hours on Wednesday, reaching $24.64. The company had a trading volume of 24,540 shares, compared to its average volume of 7,468. Ellomay Capital has a 1-year low of $13.18 and a 1-year high of $30.34. The firm has a market cap of $339.54 million, a PE ratio of -136.89 and a beta of 0.98. The business’s 50 day moving average price is $24.53 and its 200-day moving average price is $24.50. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.24 and a quick ratio of 1.24.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ELLO. Menora Mivtachim Holdings LTD. acquired a new position in shares of Ellomay Capital during the 3rd quarter worth approximately $17,019,000. Yelin Lapidot Holdings Management Ltd. raised its stake in shares of Ellomay Capital by 75.5% during the 4th quarter. Yelin Lapidot Holdings Management Ltd. now owns 193,565 shares of the utilities provider’s stock worth $4,704,000 after buying an additional 83,300 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Ellomay Capital by 4.6% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,594,224 shares of the utilities provider’s stock worth $28,276,000 after buying an additional 70,180 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Ellomay Capital by 39.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock worth $65,000 after buying an additional 1,021 shares during the period. 27.54% of the stock is owned by institutional investors and hedge funds.

Ellomay Capital Company Profile

Ellomay Capital Ltd. is an Israel-based investment company specializing in the acquisition, financing, development and operation of renewable energy and related infrastructure assets. Founded in 2014 and traded on the NYSE American under the ticker ELLO, Ellomay focuses on building a diversified portfolio of solar photovoltaic (PV) projects and specialty infrastructure businesses that generate stable, long-term cash flows under government-backed tariffs and concession agreements.

The company’s core activities center on ground-mounted solar PV installations in Italy, where its operating portfolio comprises multiple medium-sized projects secured under feed-in-tariff regimes.