Baker Ellis Asset Management LLC bought a new position in TMC the metals company Inc. (NASDAQ:TMC – Get Rating) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 20,262 shares of the company’s stock, valued at approximately $52,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Marathon Trading Investment Management LLC purchased a new stake in TMC the metals in the 4th quarter worth $598,000. Point72 Asset Management L.P. acquired a new position in shares of TMC the metals during the 4th quarter valued at about $548,000. U S Global Investors Inc. acquired a new position in TMC the metals in the fourth quarter valued at about $416,000. Ronit Capital LLP acquired a new stake in shares of TMC the metals during the fourth quarter worth about $416,000. Finally, Aua Capital Management LLC purchased a new stake in shares of TMC the metals during the first quarter worth approximately $498,000. Hedge funds and other institutional investors own 34.01% of the company’s stock.
In related news, CEO Gerard Barron acquired 25,000 shares of TMC the metals stock in a transaction on Wednesday, June 29th. The shares were purchased at an average cost of $1.01 per share, for a total transaction of $25,250.00. Following the purchase, the chief executive officer now directly owns 15,316,809 shares of the company’s stock, valued at approximately $15,469,977.09. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 30.20% of the company’s stock.
TMC the metals Trading Up 4.5 %
TMC the metals (NASDAQ:TMC – Get Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. On average, sell-side analysts anticipate that TMC the metals company Inc. will post -0.25 EPS for the current year.
TMC the metals Profile
TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. The company primarily explores for nickel, cobalt, copper, and manganese products.
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