Wellington Shields & Co. LLC Has $3.48 Million Stake in First Solar, Inc. (FSLR)
Wellington Shields & Co. LLC increased its position in First Solar, Inc. (NASDAQ:FSLR) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 51,500 shares of the solar cell manufacturer’s stock after buying an additional 1,500 shares during the quarter. First Solar makes up approximately 1.9% of Wellington Shields & Co. LLC’s portfolio, making the stock its 10th largest holding. Wellington Shields & Co. LLC’s holdings in First Solar were worth $3,477,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Thompson Davis & CO. Inc. bought a new stake in shares of First Solar in the 4th quarter valued at about $101,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in First Solar by 64.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,383 shares of the solar cell manufacturer’s stock valued at $201,000 after acquiring an additional 1,716 shares during the period. Cigna Investments Inc. New bought a new position in First Solar in the 4th quarter valued at about $201,000. Eagle Ridge Investment Management bought a new position in First Solar in the 4th quarter valued at about $204,000. Finally, First Mercantile Trust Co. bought a new position in First Solar in the 4th quarter valued at about $205,000. 50.74% of the stock is currently owned by institutional investors.
First Solar, Inc. (NASDAQ:FSLR) opened at $62.94 on Thursday. The company has a current ratio of 6.85, a quick ratio of 6.47 and a debt-to-equity ratio of 0.06. The company has a market cap of $6,629.41, a P/E ratio of -14.37 and a beta of 2.09. First Solar, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $76.61.
In related news, insider Raffi Garabedian sold 11,284 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $70.06, for a total transaction of $790,557.04. Following the sale, the insider now owns 9,227 shares in the company, valued at approximately $646,443.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark R. Widmar sold 20,270 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $64.40, for a total transaction of $1,305,388.00. Following the sale, the chief executive officer now owns 100,754 shares in the company, valued at approximately $6,488,557.60. The disclosure for this sale can be found here. Insiders have sold a total of 46,858 shares of company stock worth $3,134,015 in the last quarter. 0.58% of the stock is currently owned by company insiders.
About First Solar
First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.
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