Regal Partners Ltd increased its position in shares of Opthea Limited Unsponsored ADR (NASDAQ:OPT - Free Report) by 78.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,193,688 shares of the company's stock after purchasing an additional 2,286,285 shares during the period. Opthea comprises about 1.8% of Regal Partners Ltd's investment portfolio, making the stock its 16th largest position. Regal Partners Ltd owned about 3.37% of Opthea worth $17,710,000 at the end of the most recent reporting period.
Separately, Citadel Advisors LLC bought a new stake in shares of Opthea in the fourth quarter worth about $79,000. Institutional investors own 55.95% of the company's stock.
Opthea Stock Up 7.2%
Shares of Opthea stock traded up $0.23 during trading hours on Friday, hitting $3.41. The company's stock had a trading volume of 3,000 shares, compared to its average volume of 38,738. The stock has a 50 day moving average of $3.41 and a 200 day moving average of $3.71. Opthea Limited Unsponsored ADR has a 12 month low of $1.79 and a 12 month high of $6.30.
About Opthea
(
Free Report)
Opthea Limited, a clinical stage biopharmaceutical company, engages in the development and commercialization of therapies primarily for eye disease in Australia. The company's development activities are based on the intellectual property portfolio covering Vascular Endothelial Growth Factors (VEGF) VEGF-C, VEGF-D, and VEGF Receptor-3 for the treatment of diseases associated with blood and lymphatic vessel growth, as well as vascular leakage.
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