Federated Hermes Inc. Has $305,000 Holdings in Coda Octopus Group, Inc. (NASDAQ:CODA)

Federated Hermes Inc. cut its holdings in shares of Coda Octopus Group, Inc. (NASDAQ:CODA) by 10.9% during the 4th quarter, Holdings Channel reports. The firm owned 50,904 shares of the company’s stock after selling 6,201 shares during the period. Federated Hermes Inc.’s holdings in Coda Octopus Group were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Worth Venture Partners LLC bought a new position in Coda Octopus Group during the 3rd quarter worth $167,000. Commonwealth Equity Services LLC increased its position in shares of Coda Octopus Group by 12.1% in the third quarter. Commonwealth Equity Services LLC now owns 18,500 shares of the company’s stock worth $115,000 after purchasing an additional 2,000 shares during the period. Acuitas Investments LLC acquired a new position in Coda Octopus Group in the third quarter valued at about $328,000. Finally, Byrne Asset Management LLC bought a new stake in Coda Octopus Group during the fourth quarter worth about $25,000. 20.12% of the stock is currently owned by institutional investors and hedge funds.

Coda Octopus Group Stock Up 2.9 %

Shares of Coda Octopus Group stock opened at $6.70 on Friday. The firm’s 50-day moving average price is $6.03 and its two-hundred day moving average price is $6.08. The company has a market capitalization of $74.86 million, a price-to-earnings ratio of 31.90 and a beta of 0.86. Coda Octopus Group, Inc. has a 12-month low of $5.21 and a 12-month high of $11.09.

Coda Octopus Group (NASDAQ:CODA) last announced its quarterly earnings data on Monday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $4.46 million for the quarter. Coda Octopus Group had a net margin of 12.94% and a return on equity of 4.79%.

Coda Octopus Group Profile

Coda Octopus Group, Inc, together with its subsidiaries, develops, sells, and rentals underwater technologies and equipment for real time 3D imaging, mapping, defense, and survey applications in the Americas, Europe, Australia, Asia, the Middle East, and Africa. The company operates through two segments, Marine Engineering Business and Marine Technology Business.