BSW Wealth Partners bought a new stake in Kandi Technologies Group Inc (NASDAQ:KNDI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 21,834 shares of the company’s stock, valued at approximately $122,000.

A number of other institutional investors have also added to or reduced their stakes in KNDI. Private Advisor Group LLC lifted its position in Kandi Technologies Group by 26.6% during the 4th quarter. Private Advisor Group LLC now owns 42,175 shares of the company’s stock worth $153,000 after acquiring an additional 8,850 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Kandi Technologies Group by 21.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 50,703 shares of the company’s stock valued at $184,000 after acquiring an additional 9,000 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Kandi Technologies Group in the fourth quarter valued at approximately $143,000. First Allied Advisory Services Inc. acquired a new stake in Kandi Technologies Group in the fourth quarter valued at approximately $91,000. Finally, Virtu Financial LLC purchased a new stake in shares of Kandi Technologies Group during the first quarter valued at approximately $178,000. Hedge funds and other institutional investors own 4.88% of the company’s stock.

KNDI has been the topic of a number of recent research reports. TheStreet cut shares of Kandi Technologies Group from a “c” rating to a “d” rating in a research report on Thursday, May 23rd. BidaskClub lowered shares of Kandi Technologies Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th.

In other Kandi Technologies Group news, CEO Xiaoming Hu purchased 137,000 shares of Kandi Technologies Group stock in a transaction that occurred on Wednesday, March 27th. The stock was purchased at an average price of $5.52 per share, with a total value of $756,240.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 27.40% of the company’s stock.

Shares of KNDI stock opened at $4.42 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.05 and a quick ratio of 0.88. Kandi Technologies Group Inc has a 12 month low of $3.54 and a 12 month high of $9.23.

Kandi Technologies Group (NASDAQ:KNDI) last announced its earnings results on Friday, May 10th. The company reported ($0.09) earnings per share (EPS) for the quarter. Kandi Technologies Group had a negative return on equity of 6.26% and a negative net margin of 11.32%. The business had revenue of $18.07 million for the quarter.

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Kandi Technologies Group Company Profile

Kandi Technologies Group, Inc, through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including go-karts, all-terrain vehicles, utility vehicles, and other vehicles for sale to distributors or consumers; and EV parts comprising battery packs, EV drive motors, EV controllers, air conditioners, and other electric products.

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Institutional Ownership by Quarter for Kandi Technologies Group (NASDAQ:KNDI)

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