Gray Wealth Management Inc. Buys 8,863 Shares of TMC the metals company Inc. (NASDAQ:TMC)

Gray Wealth Management Inc. boosted its stake in TMC the metals company Inc. (NASDAQ:TMC) by 59.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,700 shares of the company’s stock after acquiring an additional 8,863 shares during the period. Gray Wealth Management Inc.’s holdings in TMC the metals were worth $27,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tidal Investments LLC raised its position in shares of TMC the metals by 32.6% in the 3rd quarter. Tidal Investments LLC now owns 485,332 shares of the company’s stock worth $514,000 after acquiring an additional 119,335 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in TMC the metals during the fourth quarter worth approximately $94,000. Virtu Financial LLC bought a new stake in TMC the metals in the third quarter worth approximately $44,000. Independent Advisor Alliance acquired a new position in TMC the metals in the fourth quarter valued at approximately $42,000. Finally, Raymond James Financial Inc. bought a new position in shares of TMC the metals during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 4.39% of the company’s stock.

TMC the metals Price Performance

Shares of TMC opened at $1.85 on Monday. TMC the metals company Inc. has a one year low of $0.72 and a one year high of $2.55. The company has a market cap of $599.89 million, a PE ratio of -5.97 and a beta of 1.52. The stock has a 50-day moving average of $1.67 and a 200-day moving average of $1.21.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners initiated coverage on shares of TMC the metals in a research report on Wednesday, January 15th. They set a “buy” rating and a $3.75 target price on the stock.

Insider Buying and Selling at TMC the metals

In other TMC the metals news, insider Erika Ilves sold 217,099 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $1.11, for a total transaction of $240,979.89. Following the transaction, the insider now owns 998,170 shares in the company, valued at approximately $1,107,968.70. This represents a 17.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 30.00% of the company’s stock.

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.