Insider Buying: Hyliion Holdings Corp. (NYSE:HYLN) Director Buys 50,000 Shares of Stock

Hyliion Holdings Corp. (NYSE:HYLN) Director Jeffrey A. Craig purchased 50,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average cost of $2.95 per share, for a total transaction of $147,500.00. Following the transaction, the director now owns 282,060 shares of the company’s stock, valued at approximately $832,077. This trade represents a 21.55 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Hyliion Price Performance

HYLN stock opened at $3.68 on Friday. Hyliion Holdings Corp. has a one year low of $0.55 and a one year high of $3.80. The stock has a market cap of $639.59 million, a PE ratio of -9.96 and a beta of 1.91. The firm has a 50 day simple moving average of $2.49 and a two-hundred day simple moving average of $2.02.

Hedge Funds Weigh In On Hyliion

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning purchased a new position in Hyliion in the 3rd quarter worth approximately $29,000. XTX Topco Ltd purchased a new stake in shares of Hyliion in the 3rd quarter valued at $60,000. AQR Capital Management LLC purchased a new stake in shares of Hyliion in the 2nd quarter valued at $40,000. Intech Investment Management LLC purchased a new stake in shares of Hyliion in the 3rd quarter valued at $77,000. Finally, Verition Fund Management LLC boosted its stake in shares of Hyliion by 52.9% in the 3rd quarter. Verition Fund Management LLC now owns 33,700 shares of the company’s stock valued at $84,000 after purchasing an additional 11,653 shares in the last quarter. Hedge funds and other institutional investors own 22.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HYLN. Northland Securities boosted their price objective on shares of Hyliion from $1.50 to $2.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th. Northland Capmk raised shares of Hyliion to a “hold” rating in a research note on Tuesday, October 1st.

About Hyliion