Ellomay Capital (NYSEAMERICAN:ELLO) Posts Earnings Results

Ellomay Capital (NYSEAMERICAN:ELLO) posted its quarterly earnings data on Tuesday. The utilities provider reported $5.99 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $14.17 million for the quarter. Ellomay Capital had a negative net margin of 45.04% and a negative return on equity of 12.39%.

Ellomay Capital Stock Up 2.2%

Ellomay Capital stock opened at $20.45 on Wednesday. The company has a market cap of $281.80 million, a P/E ratio of -11.89 and a beta of 0.98. Ellomay Capital has a 1-year low of $16.09 and a 1-year high of $30.34. The company has a fifty day simple moving average of $19.55 and a 200 day simple moving average of $23.09. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 3.62.

Institutional Investors Weigh In On Ellomay Capital

An institutional investor recently raised its position in Ellomay Capital stock. Yelin Lapidot Holdings Management Ltd. grew its stake in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 75.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,565 shares of the utilities provider’s stock after acquiring an additional 83,300 shares during the period. Ellomay Capital accounts for approximately 0.9% of Yelin Lapidot Holdings Management Ltd.’s holdings, making the stock its 26th largest position. Yelin Lapidot Holdings Management Ltd. owned approximately 1.40% of Ellomay Capital worth $4,704,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 27.54% of the company’s stock.

About Ellomay Capital

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.