Migdal Insurance & Financial Holdings Ltd. Decreases Stock Position in Brenmiller Energy Ltd (NASDAQ:BNRG)

Migdal Insurance & Financial Holdings Ltd. lowered its stake in Brenmiller Energy Ltd (NASDAQ:BNRG) by 90.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,673 shares of the company’s stock after selling 870,052 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Brenmiller Energy were worth $566,000 as of its most recent SEC filing.

Separately, Jane Street Group LLC purchased a new stake in Brenmiller Energy in the 3rd quarter worth $152,000. Institutional investors own 13.23% of the company’s stock.

Brenmiller Energy Stock Performance

Shares of BNRG stock opened at $2.16 on Thursday. Brenmiller Energy Ltd has a 52 week low of $2.00 and a 52 week high of $14.90. The company has a current ratio of 1.68, a quick ratio of 1.46 and a debt-to-equity ratio of 1.73. The company’s fifty day simple moving average is $2.99 and its two-hundred day simple moving average is $4.93.

Brenmiller Energy Profile

Brenmiller Energy Ltd. develops, produces, markets, and sells thermal energy storage (TES) systems based on its proprietary technology that enables renewable integration, increases energy efficiency, and reduces carbon emissions. Its TES system dispatches thermal energy on demand in the form of steam, which can be saturated for industrial use, or in the form of a superheated steam, which can be used to activate steam turbines.