Tidal Investments LLC Boosts Stock Holdings in TMC the metals company Inc. (NASDAQ:TMC)

Tidal Investments LLC boosted its stake in shares of TMC the metals company Inc. (NASDAQ:TMC - Free Report) by 11.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 542,938 shares of the company's stock after acquiring an additional 57,606 shares during the period. Tidal Investments LLC owned about 0.17% of TMC the metals worth $608,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. First Manhattan CO. LLC. raised its holdings in TMC the metals by 115.2% in the 4th quarter. First Manhattan CO. LLC. now owns 18,726,800 shares of the company's stock valued at $20,974,000 after acquiring an additional 10,025,000 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of TMC the metals by 7,330.9% in the fourth quarter. Jane Street Group LLC now owns 1,345,812 shares of the company's stock valued at $1,507,000 after purchasing an additional 1,364,424 shares during the last quarter. Old West Investment Management LLC lifted its position in TMC the metals by 168.0% during the fourth quarter. Old West Investment Management LLC now owns 2,135,038 shares of the company's stock worth $2,391,000 after buying an additional 1,338,423 shares in the last quarter. Shay Capital LLC boosted its stake in TMC the metals by 965.6% during the fourth quarter. Shay Capital LLC now owns 932,404 shares of the company's stock worth $1,044,000 after buying an additional 844,904 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in TMC the metals in the 4th quarter valued at $94,000. 4.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TMC has been the subject of several analyst reports. Wedbush reissued a "neutral" rating and issued a $6.00 price target on shares of TMC the metals in a research note on Friday, May 16th. HC Wainwright started coverage on TMC the metals in a research report on Tuesday, May 20th. They issued a "buy" rating and a $5.50 price objective for the company.

Insider Buying and Selling at TMC the metals

In related news, insider Anthony O'sullivan sold 164,317 shares of TMC the metals stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $4.49, for a total value of $737,783.33. Following the completion of the transaction, the insider now owns 1,125,667 shares in the company, valued at $5,054,244.83. The trade was a 12.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Craig Shesky sold 353,702 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $1.66, for a total transaction of $587,145.32. Following the completion of the sale, the chief financial officer now directly owns 1,145,717 shares in the company, valued at approximately $1,901,890.22. This represents a 23.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 28.50% of the stock is currently owned by corporate insiders.

TMC the metals Stock Up 3.2%

Shares of TMC traded up $0.14 during trading on Friday, reaching $4.49. 8,772,924 shares of the company traded hands, compared to its average volume of 3,324,643. The stock has a 50-day simple moving average of $2.95 and a 200-day simple moving average of $1.93. The stock has a market cap of $1.63 billion, a PE ratio of -14.48 and a beta of 1.33. TMC the metals company Inc. has a twelve month low of $0.72 and a twelve month high of $5.16.

TMC the metals (NASDAQ:TMC - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). On average, equities research analysts predict that TMC the metals company Inc. will post -0.22 EPS for the current year.

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.