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DNB Asset Management Fund Lifts Stake in Elkem ASA to Just Over 5%

Story Highlights
  • DNB Asset Management funds now hold 5.12% of Elkem ASA after a private placement.
  • Most of DNB’s Elkem shares are lent out, leaving 4.09% direct and 1.03% indirect ownership.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
DNB Asset Management Fund Lifts Stake in Elkem ASA to Just Over 5%

Meet Samuel – Your Personal Investing Prophet

The latest update is out from Elkem ASA ( (ELKEF) ).

A fund managed by DNB Asset Management AS received 3,905,760 shares in Elkem ASA’s recent private placement, lifting the total stake of funds managed by DNB Asset Management to 5.12% of the company. Of this holding, 3,681,318 shares are currently lent out and can be recalled, giving DNB Asset Management a direct ownership of 4.09% and an indirect ownership of 1.03%, highlighting growing institutional interest in Elkem’s equity and potential influence in shareholder dynamics.

The most recent analyst rating on (ELKEF) stock is a Buy with a NOK31.70 price target. To see the full list of analyst forecasts on Elkem ASA stock, see the ELKEF Stock Forecast page.

More about Elkem ASA

Elkem ASA is a Norway-based materials company focused on advanced silicon, silicones and carbon solutions for various industrial applications. Its products serve sectors such as renewable energy, electronics, construction and automotive, positioning the group as a key supplier in specialized materials markets.

Average Trading Volume: 1,462,363

Current Market Cap: NOK8.19B

Find detailed analytics on ELKEF stock on TipRanks’ Stock Analysis page.

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