Millennium Management LLC purchased a new position in shares of Blink Charging Co (NASDAQ:BLNK) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 103,362 shares of the company’s stock, valued at approximately $530,000. Millennium Management LLC owned 0.48% of Blink Charging at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Blue Fin Capital Inc. acquired a new stake in shares of Blink Charging during the second quarter worth $1,030,000. Citadel Advisors LLC acquired a new stake in shares of Blink Charging during the second quarter worth $294,000. Finally, BlackRock Inc. lifted its holdings in shares of Blink Charging by 1,420,100.0% during the second quarter. BlackRock Inc. now owns 28,404 shares of the company’s stock worth $146,000 after purchasing an additional 28,402 shares during the period. 12.09% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ BLNK traded down $0.01 during mid-day trading on Monday, hitting $2.20. 262,100 shares of the company were exchanged, compared to its average volume of 1,321,347. Blink Charging Co has a 1-year low of $1.28 and a 1-year high of $15.00. The company has a quick ratio of 3.58, a current ratio of 3.70 and a debt-to-equity ratio of 0.01.
About Blink Charging
Blink Charging Co owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based software that operates, maintains, and tracks various Blink EV charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing.
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