Dimensional Fund Advisors LP purchased a new position in shares of TerraForm Global Inc (NASDAQ:GLBL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 51,610 shares of the energy company’s stock, valued at approximately $261,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. Northern Trust Corp boosted its stake in shares of TerraForm Global by 0.9% during the 2nd quarter. Northern Trust Corp now owns 887,360 shares of the energy company’s stock worth $4,482,000 after purchasing an additional 8,279 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of TerraForm Global by 186.7% during the 2nd quarter. GSA Capital Partners LLP now owns 87,562 shares of the energy company’s stock worth $442,000 after acquiring an additional 57,022 shares during the period. Van ECK Associates Corp purchased a new position in shares of TerraForm Global during the 2nd quarter worth about $310,000. Alpine Associates Management Inc. purchased a new position in shares of TerraForm Global during the 2nd quarter worth about $23,915,000. Finally, Teachers Advisors LLC lifted its holdings in shares of TerraForm Global by 8.6% during the 2nd quarter. Teachers Advisors LLC now owns 170,428 shares of the energy company’s stock worth $861,000 after acquiring an additional 13,538 shares during the period. 49.44% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of TerraForm Global from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine lowered shares of TerraForm Global from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Finally, BidaskClub upgraded shares of TerraForm Global from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. TerraForm Global presently has a consensus rating of “Hold” and a consensus target price of $5.25.
TerraForm Global Inc (NASDAQ:GLBL) opened at $4.95 on Thursday. TerraForm Global Inc has a 1-year low of $3.40 and a 1-year high of $5.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.74 and a current ratio of 1.74.
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About TerraForm Global
TerraForm Global, Inc is a holding company. The Company is a diversified renewable energy company that owns contracted solar and wind power plants. The Company operates through two segments: Solar Energy and Wind Energy. The segments include the Company’s entire portfolio of power plants. The Company’s portfolio consisted of solar and wind power plants located in Brazil, China, India, Malaysia, South Africa, Thailand and Uruguay with an aggregate net capacity of 916.4 megawatts (MW) as of October 31, 2016.
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