Raymond James Financial Inc. Invests $28,000 in TMC the metals company Inc. (NASDAQ:TMC)

Raymond James Financial Inc. purchased a new position in TMC the metals company Inc. (NASDAQ:TMC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,398 shares of the company’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in TMC the metals in the 3rd quarter worth approximately $44,000. Tidal Investments LLC increased its holdings in shares of TMC the metals by 32.6% in the third quarter. Tidal Investments LLC now owns 485,332 shares of the company’s stock valued at $514,000 after purchasing an additional 119,335 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in TMC the metals during the fourth quarter worth approximately $28,000. Finally, SBI Securities Co. Ltd. acquired a new position in TMC the metals during the fourth quarter worth $94,000. 4.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TMC the metals

In related news, CFO Craig Shesky sold 353,702 shares of TMC the metals stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $1.66, for a total value of $587,145.32. Following the completion of the sale, the chief financial officer now owns 1,145,717 shares in the company, valued at approximately $1,901,890.22. This trade represents a 23.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 30.00% of the stock is currently owned by corporate insiders.

TMC the metals Stock Performance

TMC opened at $1.95 on Monday. The stock has a market capitalization of $678.43 million, a PE ratio of -6.29 and a beta of 1.46. TMC the metals company Inc. has a one year low of $0.72 and a one year high of $2.55. The business’s 50 day moving average price is $1.83 and its 200 day moving average price is $1.33.

TMC the metals (NASDAQ:TMC) last announced its quarterly earnings results on Thursday, March 27th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. The business had revenue of ($20.18) million during the quarter. As a group, equities research analysts forecast that TMC the metals company Inc. will post -0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TMC. Alliance Global Partners began coverage on TMC the metals in a research note on Wednesday, January 15th. They issued a “buy” rating and a $3.75 target price for the company. Wedbush restated a “neutral” rating and set a $4.00 price objective on shares of TMC the metals in a research report on Friday, March 28th.

About TMC the metals

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 California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean.