Mirador Capital Partners LP Has $2.87 Million Position in TMC the metals company Inc. $TMC

Mirador Capital Partners LP raised its stake in shares of TMC the metals company Inc. (NASDAQ:TMC) by 306.1% in the third quarter, Holdings Channel reports. The fund owned 449,990 shares of the company’s stock after acquiring an additional 339,174 shares during the period. Mirador Capital Partners LP’s holdings in TMC the metals were worth $2,866,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Sprott Inc. bought a new stake in TMC the metals during the first quarter worth about $26,000. Old West Investment Management LLC raised its position in TMC the metals by 100.0% in the 1st quarter. Old West Investment Management LLC now owns 4,270,076 shares of the company’s stock valued at $7,345,000 after purchasing an additional 2,135,038 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in TMC the metals in the first quarter worth $79,000. Magnetar Financial LLC bought a new stake in shares of TMC the metals during the first quarter worth $86,000. Finally, Baird Financial Group Inc. raised its holdings in shares of TMC the metals by 35.1% in the first quarter. Baird Financial Group Inc. now owns 2,946,027 shares of the company’s stock valued at $5,067,000 after buying an additional 766,167 shares during the last quarter. Institutional investors own 4.39% of the company’s stock.

Insider Buying and Selling

In other TMC the metals news, insider Anthony O’sullivan sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $6.77, for a total value of $338,500.00. Following the completion of the sale, the insider owned 2,025,667 shares of the company’s stock, valued at approximately $13,713,765.59. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Erika Ilves sold 1,591,485 shares of TMC the metals stock in a transaction 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 directly owned 1,145,792 shares in the company, valued at approximately $6,611,219.84. This represents a 58.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,691,485 shares of company stock valued at $9,846,868. Corporate insiders own 27.60% of the company’s stock.

TMC the metals Stock Up 6.2%

Shares of TMC the metals stock opened at $6.88 on Wednesday. The business has a fifty day simple moving average of $6.94 and a 200 day simple moving average of $6.32. The stock has a market cap of $2.84 billion, a PE ratio of -8.93 and a beta of 1.82. TMC the metals company Inc. has a 12 month low of $0.72 and a 12 month high of $11.35.

TMC the metals (NASDAQ:TMC) last released its earnings results on Thursday, November 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.08). Analysts expect that TMC the metals company Inc. will post -0.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on TMC shares. HC Wainwright raised their price objective on shares of TMC the metals from $7.25 to $7.50 and gave the company a “buy” rating in a research report on Friday, November 14th. Zacks Research raised TMC the metals from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TMC the metals in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.42.

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.