GSA Capital Partners LLP Has $1.36 Million Holdings in TMC the metals company Inc. $TMC

GSA Capital Partners LLP grew its stake in TMC the metals company Inc. (NASDAQ:TMC) by 123.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 220,510 shares of the company’s stock after buying an additional 121,961 shares during the quarter. GSA Capital Partners LLP’s holdings in TMC the metals were worth $1,361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TMC. NewEdge Advisors LLC acquired a new stake in shares of TMC the metals in the second quarter worth about $28,000. Sunbelt Securities Inc. bought a new position in shares of TMC the metals in the third quarter worth about $34,000. Farther Finance Advisors LLC increased its stake in shares of TMC the metals by 465.8% in the fourth quarter. Farther Finance Advisors LLC now owns 5,686 shares of the company’s stock worth $35,000 after purchasing an additional 4,681 shares during the period. Quantbot Technologies LP bought a new position in shares of TMC the metals in the second quarter worth about $48,000. Finally, Swiss Life Asset Management Ltd bought a new position in shares of TMC the metals in the fourth quarter worth about $63,000. Institutional investors and hedge funds own 4.39% of the company’s stock.

TMC the metals Stock Performance

TMC the metals stock opened at $5.10 on Thursday. The business’s 50-day simple moving average is $5.21 and its 200-day simple moving average is $6.14. The firm has a market capitalization of $2.21 billion, a PE ratio of -6.46 and a beta of 1.97. TMC the metals company Inc. has a 52 week low of $3.93 and a 52 week high of $11.35.

TMC the metals (NASDAQ:TMC) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Research analysts forecast that TMC the metals company Inc. will post -0.31 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. HC Wainwright lifted their price objective on TMC the metals from $7.50 to $11.75 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Wall Street Zen upgraded TMC the metals from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Wedbush lifted their price objective on TMC the metals from $8.00 to $10.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of TMC the metals in a research note on Monday, April 20th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.88.

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. Its products are used in electric vehicles (EV), renewable energy storage markets, EV wiring, energy transmission, manganese alloy production required for steel production, and other applications.