Virtu Financial LLC Acquires Shares of 75,199 Ballard Power Systems Inc. (NASDAQ:BLDP)

Virtu Financial LLC acquired a new stake in Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,199 shares of the technology company’s stock, valued at approximately $135,000.

A number of other hedge funds also recently modified their holdings of BLDP. Van ECK Associates Corp boosted its stake in Ballard Power Systems by 8.8% in the 2nd quarter. Van ECK Associates Corp now owns 2,321,782 shares of the technology company’s stock valued at $5,224,000 after purchasing an additional 186,833 shares during the period. SG Americas Securities LLC boosted its position in shares of Ballard Power Systems by 84.3% in the second quarter. SG Americas Securities LLC now owns 79,517 shares of the technology company’s stock valued at $179,000 after acquiring an additional 36,368 shares during the period. Decade Renewable Partners LP acquired a new position in shares of Ballard Power Systems in the second quarter valued at about $450,000. TD Asset Management Inc increased its position in Ballard Power Systems by 1.2% during the second quarter. TD Asset Management Inc now owns 707,953 shares of the technology company’s stock worth $1,599,000 after acquiring an additional 8,154 shares during the period. Finally, Hsbc Holdings PLC raised its stake in Ballard Power Systems by 76.6% in the 2nd quarter. Hsbc Holdings PLC now owns 116,616 shares of the technology company’s stock worth $263,000 after purchasing an additional 50,592 shares in the last quarter. Institutional investors and hedge funds own 28.02% of the company’s stock.

Analysts Set New Price Targets

BLDP has been the topic of a number of analyst reports. Cormark restated a “market perform” rating on shares of Ballard Power Systems in a research report on Monday, September 16th. Hsbc Global Res lowered Ballard Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. CIBC dropped their price objective on Ballard Power Systems from $1.40 to $1.20 and set an “underperformer” rating for the company in a report on Wednesday, December 4th. HSBC downgraded Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Citigroup reduced their price objective on shares of Ballard Power Systems from $3.50 to $2.00 and set a “neutral” rating on the stock in a research note on Monday, September 30th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Ballard Power Systems has an average rating of “Hold” and a consensus price target of $2.77.

Ballard Power Systems Trading Down 1.3 %

NASDAQ BLDP opened at $1.50 on Friday. Ballard Power Systems Inc. has a twelve month low of $1.23 and a twelve month high of $3.83. The business’s fifty day moving average is $1.52 and its 200 day moving average is $1.91. The company has a quick ratio of 8.19, a current ratio of 9.01 and a debt-to-equity ratio of 0.03. The company has a market cap of $449.13 million, a price-to-earnings ratio of -1.36 and a beta of 1.72.

Ballard Power Systems Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.