Polunin Capital Partners Ltd Sells 24,500 Shares of Hesai Group (NASDAQ:HSAI)

Polunin Capital Partners Ltd lessened its stake in shares of Hesai Group (NASDAQ:HSAI) by 2.3% in the 3rd quarter, Holdings Channel reports. The firm owned 1,027,400 shares of the company’s stock after selling 24,500 shares during the period. Hesai Group makes up 1.1% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 15th largest holding. Polunin Capital Partners Ltd’s holdings in Hesai Group were worth $4,591,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HSAI. EntryPoint Capital LLC raised its stake in Hesai Group by 34.2% during the first quarter. EntryPoint Capital LLC now owns 19,254 shares of the company’s stock valued at $97,000 after purchasing an additional 4,912 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Hesai Group by 44.1% in the 2nd quarter. Renaissance Technologies LLC now owns 49,700 shares of the company’s stock worth $208,000 after buying an additional 15,200 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Hesai Group during the 1st quarter valued at about $352,000. Finally, GSA Capital Partners LLP bought a new position in shares of Hesai Group in the 1st quarter valued at about $1,141,000. Hedge funds and other institutional investors own 48.53% of the company’s stock.

Hesai Group Trading Up 3.8 %

HSAI traded up $0.17 on Friday, hitting $4.70. The company had a trading volume of 382,661 shares, compared to its average volume of 822,405. Hesai Group has a 12-month low of $3.28 and a 12-month high of $11.55. The company has a quick ratio of 2.68, a current ratio of 3.16 and a debt-to-equity ratio of 0.09. The business’s fifty day simple moving average is $4.37 and its 200 day simple moving average is $4.50. The company has a market cap of $597.04 million, a PE ratio of -9.22 and a beta of 1.42.

Hesai Group (NASDAQ:HSAI) last released its earnings results on Monday, August 19th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $63.14 million for the quarter. Hesai Group had a negative net margin of 25.30% and a negative return on equity of 9.22%. Equities research analysts expect that Hesai Group will post -0.35 EPS for the current year.

Hesai Group Company Profile

Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.