Abel Hall LLC Acquires Shares of 26,067 SES AI Co. (NYSE:SES)

Abel Hall LLC bought a new stake in SES AI Co. (NYSE:SES) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,067 shares of the company’s stock, valued at approximately $57,000.

A number of other institutional investors have also recently made changes to their positions in SES. XTX Topco Ltd purchased a new stake in SES AI during the third quarter valued at about $28,000. SG Americas Securities LLC lifted its stake in shares of 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 in the last quarter. DRW Securities LLC bought a new position in SES AI in the 3rd quarter worth approximately $52,000. LexAurum Advisors LLC purchased a new position in SES AI in the 4th quarter valued at approximately $55,000. Finally, Anson Funds Management LP bought a new stake in SES AI during the 3rd quarter valued at $108,000. Hedge funds and other institutional investors own 29.78% of the company’s stock.

Insider Activity at SES AI

In other news, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $0.20, for a total transaction of $2,666,400.00. Following the sale, the insider now owns 9,843,622 shares in the company, valued at approximately $1,968,724.40. This trade represents a 57.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jing Nealis sold 150,000 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $1.02, for a total transaction of $153,000.00. Following the completion of the transaction, the chief financial officer now owns 1,935,322 shares of the company’s stock, valued at $1,974,028.44. This trade represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,532,000 shares of company stock valued at $2,870,400. Corporate insiders own 15.07% of the company’s stock.

SES AI Stock Down 2.4 %

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

SES AI (NYSE:SES) last posted its earnings results 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 quarter last year, the firm earned ($0.04) earnings per share. On average, research analysts predict that SES AI Co. will post -0.23 EPS for the current fiscal year.

SES AI Profile

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.