30,500 Shares in TMC the metals company Inc. $TMC Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC acquired a new position in shares of TMC the metals company Inc. (NASDAQ:TMC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,500 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors have also made changes to their positions in the company. Corundum Group Inc. acquired a new stake in shares of TMC the metals during the second quarter worth $69,000. Allworth Financial LP grew its stake in shares of TMC the metals by 48.0% during the first quarter. Allworth Financial LP now owns 14,796 shares of the company’s stock worth $25,000 after purchasing an additional 4,796 shares during the period. Sprott Inc. acquired a new stake in shares of TMC the metals during the first quarter worth $26,000. Sowell Financial Services LLC grew its stake in shares of TMC the metals by 37.4% during the second quarter. Sowell Financial Services LLC now owns 16,604 shares of the company’s stock worth $110,000 after purchasing an additional 4,517 shares during the period. Finally, Foster Dykema Cabot & Partners LLC bought a new position in TMC the metals during the first quarter worth about $44,000. 4.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TMC the metals news, insider Erika Ilves sold 1,591,485 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $5.77, for a total transaction of $9,182,868.45. Following the transaction, the insider owned 1,145,792 shares of the company’s stock, valued at $6,611,219.84. The trade was a 58.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anthony O’sullivan sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $5.25, for a total value of $1,312,500.00. Following the transaction, the insider directly owned 1,125,667 shares in the company, valued at approximately $5,909,751.75. This trade represents a 18.17% decrease in their position. The SEC filing for this sale provides additional information. 27.60% of the stock is currently owned by insiders.

TMC the metals Price Performance

Shares of TMC the metals stock opened at $7.07 on Friday. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of -19.11 and a beta of 1.70. The stock’s 50-day moving average is $6.76 and its 200-day moving average is $5.68. TMC the metals company Inc. has a one year low of $0.72 and a one year high of $11.35.

TMC the metals (NASDAQ:TMC) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). On average, equities analysts expect that TMC the metals company Inc. will post -0.22 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TMC shares. Zacks Research lowered TMC the metals from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. HC Wainwright reiterated a “buy” rating and set a $7.25 target price on shares of TMC the metals in a report on Monday, August 18th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of TMC the metals in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, TMC the metals currently has an average rating of “Hold” and an average target price of $7.33.

TMC the metals Company 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 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.