Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC reduced its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 65.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,847 shares of the technology company's stock after selling 9,004 shares during the quarter. Penn Capital Management Company LLC's holdings in Generac were worth $751,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Evercore Wealth Management LLC lifted its stake in shares of Generac by 4.3% in the 4th quarter. Evercore Wealth Management LLC now owns 430,068 shares of the technology company's stock valued at $66,682,000 after purchasing an additional 17,711 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in Generac by 6,568.2% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 110,558 shares of the technology company's stock valued at $17,142,000 after buying an additional 108,900 shares during the period. Brasada Capital Management LP lifted its position in Generac by 80.0% in the fourth quarter. Brasada Capital Management LP now owns 4,500 shares of the technology company's stock valued at $698,000 after buying an additional 2,000 shares during the last quarter. Pinebridge Investments L.P. lifted its position in Generac by 28.1% in the fourth quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company's stock valued at $10,697,000 after buying an additional 15,147 shares during the last quarter. Finally, Quantessence Capital LLC acquired a new stake in shares of Generac during the fourth quarter valued at about $568,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares of the company's stock, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GNRC shares. Citigroup raised shares of Generac from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $162.00 to $138.00 in a research report on Thursday, April 17th. Bank of America assumed coverage on Generac in a report on Monday, March 24th. They issued a "buy" rating and a $182.00 price objective on the stock. Piper Sandler lowered their target price on Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Stifel Nicolaus cut their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $173.40.

Generac Stock Performance

Generac stock traded up $0.53 during mid-day trading on Monday, reaching $113.42. 733,267 shares of the company were exchanged, compared to its average volume of 866,804. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The firm's 50-day simple moving average is $124.62 and its two-hundred day simple moving average is $151.52. The firm has a market cap of $6.76 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Equities analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

About Generac

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.