Troluce Capital Advisors LLC Invests $1.48 Million in Innio N.V. $INIO

Troluce Capital Advisors LLC purchased a new position in Innio N.V. (NASDAQ:INIO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 37,500 shares of the company’s stock, valued at approximately $1,483,000. Innio accounts for about 0.2% of Troluce Capital Advisors LLC’s investment portfolio, making the stock its 17th biggest position.

Separately, Value Aligned Research Advisors LLC bought a new position in Innio during the second quarter valued at $53,605,000.

Innio Stock Up 2.4%

Innio stock opened at $20.77 on Friday. The firm has a 50 day simple moving average of $27.59. Innio N.V. has a 1-year low of $19.04 and a 1-year high of $42.95.

Innio (NASDAQ:INIO) last posted its earnings results on Tuesday, July 28th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. The company had revenue of $937.70 million for the quarter. Sell-side analysts forecast that Innio N.V. will post 0.37 EPS for the current year.

Analysts Set New Price Targets

INIO has been the topic of several research reports. Weiss Ratings began coverage on Innio in a research note on Monday, August 31st. They issued a “sell (d)” rating on the stock. Robert W. Baird set a $37.00 price target on Innio in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft assumed coverage on Innio in a report on Monday, June 29th. They issued a “hold” rating and a $41.00 price objective for the company. Zacks Research upgraded Innio to a “hold” rating in a research note on Tuesday, June 30th. Finally, UBS Group began coverage on shares of Innio in a report on Monday, June 29th. They set a “buy” rating and a $47.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.90.

About Innio

INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.

The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.