Hexagon Capital Partners LLC Purchases 4,713 Shares of Stellantis (NYSE:STLA)

Hexagon Capital Partners LLC raised its holdings in shares of Stellantis (NYSE:STLA) by 55.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,214 shares of the company’s stock after purchasing an additional 4,713 shares during the period. Hexagon Capital Partners LLC’s holdings in Stellantis were worth $308,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in STLA. Cary Street Partners Investment Advisory LLC bought a new position in shares of Stellantis during the third quarter valued at approximately $26,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Stellantis during the fourth quarter valued at approximately $40,000. Solstein Capital LLC purchased a new stake in shares of Stellantis during the fourth quarter valued at approximately $50,000. Smithfield Trust Co grew its holdings in shares of Stellantis by 23.0% during the third quarter. Smithfield Trust Co now owns 3,589 shares of the company’s stock valued at $69,000 after buying an additional 670 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Stellantis during the third quarter valued at approximately $88,000. Institutional investors own 59.48% of the company’s stock.

Stellantis Trading Down 0.2 %

STLA traded down $0.04 during trading on Wednesday, hitting $22.26. The company’s stock had a trading volume of 1,162,235 shares, compared to its average volume of 5,483,979. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24. Stellantis has a one year low of $15.07 and a one year high of $29.51. The business’s 50 day simple moving average is $26.87 and its 200-day simple moving average is $23.52.

Stellantis Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be given a dividend of $1.147 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a dividend yield of 4.55%.

Analyst Ratings Changes

STLA has been the topic of a number of recent analyst reports. Redburn Atlantic assumed coverage on shares of Stellantis in a report on Wednesday, January 24th. They set a “buy” rating on the stock. Sanford C. Bernstein cut shares of Stellantis from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 28th. Wolfe Research assumed coverage on shares of Stellantis in a report on Thursday, February 1st. They issued an “outperform” rating on the stock. HSBC cut shares of Stellantis from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Finally, Morgan Stanley increased their price target on shares of Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $30.28.

Insider Activity

In other news, major shareholder N.V. Stellantis acquired 750,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average cost of $5.19 per share, for a total transaction of $3,892,500.00. Following the transaction, the insider now directly owns 39,351,720 shares of the company’s stock, valued at $204,235,426.80. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought 3,150,000 shares of company stock worth $15,724,500 in the last three months.

Stellantis Company Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.