Harel Insurance Investments & Financial Services Ltd. Makes New $1.10 Million Investment in Kaixin Auto Holdings (NASDAQ:KXIN)


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Harel Insurance Investments & Financial Services Ltd. purchased a new position in Kaixin Auto Holdings (NASDAQ:KXIN) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 100,000 shares of the company’s stock, valued at approximately $1,103,000. Harel Insurance Investments & Financial Services Ltd. owned approximately 0.16% of Kaixin Auto as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in Kaixin Auto in the 4th quarter worth $222,000. Paloma Partners Management Co purchased a new stake in Kaixin Auto in the 4th quarter worth $324,000. Finally, Jane Street Group LLC purchased a new stake in Kaixin Auto in the 4th quarter worth $767,000. Institutional investors and hedge funds own 0.66% of the company’s stock.

Shares of NASDAQ KXIN opened at $2.54 on Tuesday. The firm’s 50-day moving average price is $2.91 and its 200-day moving average price is $3.86. Kaixin Auto Holdings has a 12-month low of $0.40 and a 12-month high of $13.40.

Kaixin Auto Profile

Kaixin Auto Holdings operates as a used car dealership in the People's Republic of China. As of December 31, 2019, the company had 14 dealerships. It also provides financing channels to its customers through its partnership with financial institutions; and value-added services to its customers, including insurance, extended warranties, and after-sales services.

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