Van ECK Associates Corp Makes New $238,000 Investment in Advent Technologies Holdings, Inc. (NASDAQ:ADN)

Van ECK Associates Corp purchased a new position in Advent Technologies Holdings, Inc. (NASDAQ:ADN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,702 shares of the company’s stock, valued at approximately $238,000. Van ECK Associates Corp owned approximately 0.05% of Advent Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ADN. BlackRock Inc. purchased a new stake in Advent Technologies in the first quarter worth about $9,579,000. JPMorgan Chase & Co. purchased a new stake in shares of Advent Technologies during the first quarter worth about $384,000. Geode Capital Management LLC purchased a new stake in shares of Advent Technologies during the first quarter worth about $4,578,000. Northern Trust Corp purchased a new stake in shares of Advent Technologies during the first quarter worth about $888,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Advent Technologies during the first quarter worth about $178,000. Institutional investors and hedge funds own 31.60% of the company’s stock.

Several research firms recently issued reports on ADN. Zacks Investment Research cut Advent Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, August 17th. Jefferies Financial Group began coverage on Advent Technologies in a report on Tuesday, July 6th. They set a “buy” rating and a $18.00 price target for the company.

NASDAQ ADN opened at $8.57 on Friday. The stock has a market capitalization of $395.13 million, a PE ratio of -95.22 and a beta of 0.38. The business has a 50 day simple moving average of $7.91 and a two-hundred day simple moving average of $10.18. Advent Technologies Holdings, Inc. has a 1-year low of $6.56 and a 1-year high of $19.21.

Advent Technologies (NASDAQ:ADN) last released its quarterly earnings results on Wednesday, August 11th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The business had revenue of $1.00 million during the quarter. Equities analysts predict that Advent Technologies Holdings, Inc. will post -0.63 EPS for the current fiscal year.

Advent Technologies Profile

Advent Technologies Holdings, Inc operates as an advanced materials and technology development company. It develops, manufactures and assembles hydrogen fuel cell components. The company is headquartered in Boston, MA.

Further Reading: Trading Ex-Dividend Strategy

Want to see what other hedge funds are holding ADN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advent Technologies Holdings, Inc. (NASDAQ:ADN).

Institutional Ownership by Quarter for Advent Technologies (NASDAQ:ADN)

Receive News & Ratings for Advent Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advent Technologies and related companies with MarketBeat.com's FREE daily email newsletter.