KFG Wealth Management LLC Purchases 86,000 Shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI)

KFG Wealth Management LLC raised its position in shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) by 323.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,600 shares of the company’s stock after acquiring an additional 86,000 shares during the quarter. KFG Wealth Management LLC owned about 0.19% of Dragonfly Energy worth $61,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of DFLI. Geode Capital Management LLC bought a new stake in Dragonfly Energy during the fourth quarter valued at $688,000. Barclays PLC bought a new stake in Dragonfly Energy during the fourth quarter valued at $145,000. Charles Schwab Investment Management Inc. bought a new stake in Dragonfly Energy during the fourth quarter valued at $514,000. State Street Corp boosted its position in Dragonfly Energy by 234.9% during the first quarter. State Street Corp now owns 36,500 shares of the company’s stock valued at $110,000 after acquiring an additional 25,600 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Dragonfly Energy during the second quarter valued at $72,000. Institutional investors own 8.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DFLI shares. Chardan Capital reissued a “buy” rating and set a $3.00 price objective on shares of Dragonfly Energy in a research report on Tuesday. Roth Capital reissued a “buy” rating on shares of Dragonfly Energy in a research report on Tuesday. Finally, Roth Mkm reissued a “buy” rating and set a $0.90 price objective on shares of Dragonfly Energy in a research report on Tuesday.

Dragonfly Energy Stock Up 9.6 %

DFLI opened at $0.83 on Friday. The company has a 50 day moving average of $0.53 and a 200 day moving average of $0.66. Dragonfly Energy Holdings Corp. has a 12 month low of $0.43 and a 12 month high of $5.55.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. manufactures and supplies deep cycle lithium-ion batteries for recreational vehicles, marine vessels, off-grid installations, and other storage applications. The company also provides lithium power systems, including solar panels, chargers and inverters, system monitoring, alternator regulators, and accessories.