KFG Wealth Management LLC Has $61,000 Holdings in Dragonfly Energy Holdings Corp. (NASDAQ:DFLI)

KFG Wealth Management LLC boosted its stake in Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) by 323.3% in the fourth quarter, HoldingsChannel reports. The firm owned 112,600 shares of the company’s stock after buying an additional 86,000 shares during the period. KFG Wealth Management LLC’s holdings in Dragonfly Energy were worth $61,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC acquired a new position in shares of Dragonfly Energy during the fourth quarter valued at about $688,000. Barclays PLC bought a new position in shares of Dragonfly Energy during the fourth quarter valued at about $145,000. Charles Schwab Investment Management Inc. bought a new position in shares of Dragonfly Energy during the fourth quarter valued at about $514,000. State Street Corp lifted its position in shares of 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 purchasing an additional 25,600 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Dragonfly Energy during the second quarter valued at about $72,000. 8.19% of the stock is currently owned by institutional investors and hedge funds.

Dragonfly Energy Stock Up 9.6 %

Shares of NASDAQ: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.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Chardan Capital reissued a “buy” rating and set a $3.00 price target 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 target on shares of Dragonfly Energy in a research report on Tuesday.

Dragonfly Energy Company Profile

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.