Coda Octopus Group, Inc. (NASDAQ:CODA) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in shares of Coda Octopus Group, Inc. (NASDAQ:CODA) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,999 shares of the company’s stock after purchasing an additional 2,180 shares during the quarter. Dimensional Fund Advisors LP owned 0.53% of Coda Octopus Group worth $470,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Essex Investment Management Co. LLC acquired a new stake in Coda Octopus Group during the 4th quarter valued at approximately $114,000. Renaissance Technologies LLC grew its position in shares of Coda Octopus Group by 137.2% in the 4th quarter. Renaissance Technologies LLC now owns 23,751 shares of the company’s stock worth $186,000 after acquiring an additional 13,737 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Coda Octopus Group by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 59,424 shares of the company’s stock worth $465,000 after acquiring an additional 2,054 shares in the last quarter. Institutional investors and hedge funds own 20.12% of the company’s stock.

Coda Octopus Group Trading Down 1.6%

Shares of CODA opened at $6.89 on Friday. The firm has a market cap of $77.37 million, a price-to-earnings ratio of 20.88 and a beta of 0.61. The stock has a 50 day moving average of $6.47 and a 200-day moving average of $7.66. Coda Octopus Group, Inc. has a 52 week low of $5.76 and a 52 week high of $9.89.

Coda Octopus Group (NASDAQ:CODA) last issued its earnings results on Monday, March 17th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. The company had revenue of $5.21 million during the quarter, compared to analyst estimates of $6.35 million. Coda Octopus Group had a return on equity of 7.04% and a net margin of 17.95%.

About Coda Octopus Group

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.