Heron Bay Capital Management Purchases New Stake in Tecogen Inc. $TGEN

Heron Bay Capital Management acquired a new position in Tecogen Inc. (OTCMKTS:TGEN) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 37,167 shares of the company’s stock, valued at approximately $253,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Clear Harbor Asset Management LLC acquired a new position in shares of Tecogen in the 2nd quarter valued at about $4,148,000. Herald Investment Management Ltd acquired a new stake in shares of Tecogen during the second quarter worth approximately $2,193,000. Geode Capital Management LLC purchased a new position in Tecogen during the second quarter valued at approximately $971,000. PFG Investments LLC acquired a new position in Tecogen in the 2nd quarter valued at approximately $425,000. Finally, Shikiar Asset Management Inc. purchased a new stake in Tecogen in the 2nd quarter worth approximately $150,000.

Tecogen Stock Performance

TGEN stock opened at $6.50 on Friday. The firm has a 50 day moving average of $8.41 and a two-hundred day moving average of $7.37. Tecogen Inc. has a 12 month low of $0.88 and a 12 month high of $12.07. The company has a market capitalization of $194.00 million, a price-to-earnings ratio of -30.95 and a beta of 1.18. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.03.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TGEN shares. Zacks Research upgraded shares of Tecogen to a “hold” rating in a report on Tuesday, August 19th. Roth Capital started coverage on Tecogen in a research report on Monday, August 18th. They set a “buy” rating and a $15.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

About Tecogen

Tecogen Inc, together with its subsidiaries, designs, manufactures, markets, and maintains ultra-clean cogeneration products for multi-family residential, commercial, recreational, and industrial use primarily in the United States. It operates through three segments: Products, Services, and Energy Production.