Baird Financial Group Inc. Acquires 827,023 Shares of TMC the metals company Inc. (NASDAQ:TMC)

Baird Financial Group Inc. increased its holdings in shares of TMC the metals company Inc. (NASDAQ:TMCGet Rating) by 69.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,025,623 shares of the company’s stock after buying an additional 827,023 shares during the quarter. Baird Financial Group Inc. owned 0.89% of TMC the metals worth $2,086,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Lynwood Capital Management Inc. acquired a new position in TMC the metals in the 1st quarter worth about $1,813,000. Bank of Montreal Can increased its holdings in TMC the metals by 5,685.4% in the 1st quarter. Bank of Montreal Can now owns 607,470 shares of the company’s stock worth $1,331,000 after purchasing an additional 596,970 shares in the last quarter. Luminus Management LLC acquired a new position in TMC the metals in the 1st quarter worth about $971,000. Toroso Investments LLC increased its holdings in TMC the metals by 92.1% in the 1st quarter. Toroso Investments LLC now owns 754,602 shares of the company’s stock worth $1,954,000 after purchasing an additional 361,847 shares in the last quarter. Finally, Highbridge Capital Management LLC increased its holdings in TMC the metals by 75.9% in the 1st quarter. Highbridge Capital Management LLC now owns 714,480 shares of the company’s stock worth $1,851,000 after purchasing an additional 308,313 shares in the last quarter. 35.98% of the stock is currently owned by institutional investors.

TMC the metals Stock Down 6.1 %

Shares of TMC opened at $0.87 on Thursday. The business has a 50-day simple moving average of $1.01 and a two-hundred day simple moving average of $1.08. TMC the metals company Inc. has a 12-month low of $0.77 and a 12-month high of $3.99.

TMC the metals (NASDAQ:TMCGet Rating) last issued its quarterly earnings results on Monday, August 15th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.03. As a group, analysts expect that TMC the metals company Inc. will post -0.33 EPS for the current fiscal year.

Insider Activity

In other news, insider Anthony O’sullivan sold 50,686 shares of the stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $1.04, for a total value of $52,713.44. Following the completion of the sale, the insider now owns 312,500 shares of the company’s stock, valued at $325,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 30.20% of the company’s stock.

About TMC the metals

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for TMC the metals (NASDAQ:TMC)

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