Osisko Development Corp. (NYSE:ODV) Shares Sold by Zazove Associates LLC

Zazove Associates LLC decreased its holdings in Osisko Development Corp. (NYSE:ODV) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 592,862 shares of the company’s stock after selling 14,290 shares during the quarter. Zazove Associates LLC owned approximately 0.43% of Osisko Development worth $966,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of Osisko Development during the third quarter worth $60,000. Jane Street Group LLC bought a new position in Osisko Development in the third quarter worth about $69,000. ORG Wealth Partners LLC bought a new position in Osisko Development in the fourth quarter worth about $189,000. Amitell Capital Pte Ltd acquired a new position in Osisko Development in the fourth quarter valued at approximately $944,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Osisko Development during the third quarter valued at approximately $1,824,000. 15.16% of the stock is currently owned by hedge funds and other institutional investors.

Osisko Development Price Performance

Shares of ODV opened at $1.39 on Wednesday. Osisko Development Corp. has a 12 month low of $1.16 and a 12 month high of $2.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.47 and a quick ratio of 0.43. The stock has a fifty day moving average price of $1.44 and a 200 day moving average price of $1.69. The company has a market cap of $189.22 million, a P/E ratio of -0.77 and a beta of 0.52.

Osisko Development (NYSE:ODV) last announced its quarterly earnings results on Friday, March 28th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07). Osisko Development had a negative net margin of 1,817.64% and a negative return on equity of 11.51%. The firm had revenue of $0.40 million during the quarter, compared to analyst estimates of $0.40 million. On average, research analysts forecast that Osisko Development Corp. will post -0.16 earnings per share for the current year.

Osisko Development Profile

Osisko Development Corp. acquires, explores, and develops mineral properties in Canada, Mexico, and the United States. It explores for gold; and precious and base metals. The company's flagship asset is the Cariboo Gold Project covering an area of approximately 155,000 hectares consisting of 415 mineral titles located in British Columbia, Canada.