Trium Capital LLP Makes New $649,000 Investment in Shoals Technologies Group, Inc. $SHLS

Trium Capital LLP bought a new position in shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 87,619 shares of the company’s stock, valued at approximately $649,000. Trium Capital LLP owned approximately 0.05% of Shoals Technologies Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SHLS. Canada Pension Plan Investment Board grew its holdings in Shoals Technologies Group by 13.0% in the second quarter. Canada Pension Plan Investment Board now owns 20,200 shares of the company’s stock valued at $86,000 after purchasing an additional 2,316 shares during the period. AE Wealth Management LLC lifted its position in shares of Shoals Technologies Group by 8.6% during the 2nd quarter. AE Wealth Management LLC now owns 34,568 shares of the company’s stock valued at $147,000 after buying an additional 2,743 shares in the last quarter. Legal & General Group Plc grew its stake in Shoals Technologies Group by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 195,828 shares of the company’s stock valued at $832,000 after acquiring an additional 3,601 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Shoals Technologies Group by 43.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,569 shares of the company’s stock worth $62,000 after acquiring an additional 4,412 shares in the last quarter. Finally, Pallas Capital Advisors LLC raised its position in Shoals Technologies Group by 27.7% during the second quarter. Pallas Capital Advisors LLC now owns 24,517 shares of the company’s stock worth $104,000 after acquiring an additional 5,320 shares during the period.

Shoals Technologies Group Trading Down 0.3%

Shares of Shoals Technologies Group stock opened at $9.09 on Friday. The stock has a market cap of $1.52 billion, a P/E ratio of 45.43, a P/E/G ratio of 1.14 and a beta of 1.71. The stock’s 50 day simple moving average is $8.94 and its 200-day simple moving average is $7.24. Shoals Technologies Group, Inc. has a 1-year low of $2.71 and a 1-year high of $11.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.53.

Shoals Technologies Group (NASDAQ:SHLS) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. Shoals Technologies Group had a return on equity of 8.50% and a net margin of 7.66%.The firm had revenue of $135.80 million during the quarter, compared to analysts’ expectations of $131.37 million. Analysts predict that Shoals Technologies Group, Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SHLS has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Shoals Technologies Group from $9.00 to $11.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $9.50 price objective (down from $11.00) on shares of Shoals Technologies Group in a report on Tuesday, December 16th. Wells Fargo & Company increased their target price on Shoals Technologies Group from $6.00 to $10.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Zacks Research lowered Shoals Technologies Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, UBS Group boosted their price target on Shoals Technologies Group from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Shoals Technologies Group presently has a consensus rating of “Hold” and an average target price of $8.76.

Insider Activity

In other news, CFO Dominic Bardos sold 4,170 shares of Shoals Technologies Group stock in a transaction on Friday, December 5th. The stock was sold at an average price of $7.83, for a total transaction of $32,651.10. Following the transaction, the chief financial officer owned 412,289 shares in the company, valued at $3,228,222.87. The trade was a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.67% of the stock is owned by company insiders.

About Shoals Technologies Group

Shoals Technologies Group, Inc is a leading provider of electrical balance-of-system (BOS) solutions for the solar energy industry. The company designs, engineers and manufactures a comprehensive portfolio of products, including junction boxes, combiner boxes, cable assemblies, power distribution units and monitoring systems. These components are critical to interconnecting photovoltaic modules, optimizing energy output and ensuring safe, reliable performance across solar installations.

Founded in 1996 and headquartered in Portland, Tennessee, Shoals has grown its manufacturing and operations footprint to serve customers around the globe.