Bard Associates Inc. Has $138,000 Stock Holdings in Beam Global (NASDAQ:BEEM)

Bard Associates Inc. decreased its position in Beam Global (NASDAQ:BEEM) by 20.7% in the 4th quarter, HoldingsChannel reports. The fund owned 43,405 shares of the company’s stock after selling 11,315 shares during the period. Bard Associates Inc.’s holdings in Beam Global were worth $138,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Beam Global during the third quarter valued at approximately $25,000. Virtue Capital Management LLC acquired a new stake in Beam Global during the third quarter worth $49,000. XTX Topco Ltd increased its holdings in Beam Global by 96.3% in the 3rd quarter. XTX Topco Ltd now owns 20,332 shares of the company’s stock valued at $100,000 after buying an additional 9,975 shares during the period. Finally, Green Alpha Advisors LLC raised its stake in shares of Beam Global by 28.1% in the 4th quarter. Green Alpha Advisors LLC now owns 59,982 shares of the company’s stock valued at $190,000 after buying an additional 13,162 shares in the last quarter. Institutional investors own 26.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Beam Global in a research report on Monday, November 18th. HC Wainwright lowered their price objective on Beam Global from $30.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th.

Beam Global Stock Performance

Shares of NASDAQ:BEEM opened at $2.20 on Wednesday. The company’s fifty day moving average is $2.83 and its 200-day moving average is $3.88. Beam Global has a 52 week low of $2.11 and a 52 week high of $7.68. The company has a market capitalization of $32.50 million, a PE ratio of -2.27 and a beta of 0.85.

Beam Global Profile

Beam Global, a clean-technology innovation company, engages in the design, development, engineering, manufacture, and sale of renewably energized infrastructure products and battery solutions. Its product portfolio includes EV ARC (electric vehicle autonomous renewable charger), an infrastructure product that uses integrated solar power and battery storage to provide a mounting asset and a source of power for factory installed electric vehicle charging stations; Solar Tree DCFC, an off-grid, renewably energized, and single-column mounted smart generation and energy storage system to provide a 150kW DC fast charge to one or more electric vehicles, such as electric buses, heavy-duty vehicles, agricultural equipment, public transportation, and electric vehicles used in the construction industry; and EV ARC DCFC, a DC fast charging system for charging EVs.