Abel Hall LLC Takes $57,000 Position in SES AI Co. (NYSE:SES)

Abel Hall LLC purchased a new position in shares of SES AI Co. (NYSE:SES) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 26,067 shares of the company’s stock, valued at approximately $57,000.

Other large investors have also bought and sold shares of the company. LexAurum Advisors LLC purchased a new stake in shares of SES AI during the fourth quarter valued at approximately $55,000. XTX Topco Ltd bought a new stake in SES AI during the 3rd quarter valued at $28,000. SG Americas Securities LLC boosted its position in SES AI by 91.6% during the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock valued at $43,000 after buying an additional 31,832 shares during the period. DRW Securities LLC purchased a new position in shares of SES AI in the third quarter valued at about $52,000. Finally, Renaissance Technologies LLC raised its stake in shares of SES AI by 62.8% during the second quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock valued at $152,000 after acquiring an additional 46,800 shares during the last quarter. 29.78% of the stock is owned by hedge funds and other institutional investors.

SES AI Trading Down 2.4 %

SES AI stock opened at $1.07 on Thursday. SES AI Co. has a 1-year low of $0.20 and a 1-year high of $2.53. The firm has a 50-day moving average of $0.92 and a 200-day moving average of $0.85.

SES AI (NYSE:SES) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). During the same period in the previous year, the company posted ($0.04) earnings per share. On average, analysts expect that SES AI Co. will post -0.23 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $0.20, for a total value of $2,666,400.00. Following the completion of the transaction, the insider now owns 9,843,622 shares of the company’s stock, valued at approximately $1,968,724.40. This represents a 57.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jing Nealis sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $1.02, for a total value of $51,000.00. Following the completion of the transaction, the chief financial officer now owns 1,935,322 shares of the company’s stock, valued at approximately $1,974,028.44. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,532,000 shares of company stock valued at $2,870,400 over the last quarter. 15.07% of the stock is owned by company insiders.

About SES AI

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.