EAM Global Investors LLC bought a new position in shares of Aqua Metals Inc (NASDAQ:AQMS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 261,154 shares of the business services provider’s stock, valued at approximately $802,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hodges Capital Management Inc. acquired a new position in shares of Aqua Metals in the first quarter valued at approximately $31,000. National Asset Management Inc. acquired a new position in shares of Aqua Metals in the first quarter valued at approximately $51,000. Raymond James & Associates acquired a new position in shares of Aqua Metals in the first quarter valued at approximately $58,000. David R. Rahn & Associates Inc. raised its position in shares of Aqua Metals by 30.2% in the first quarter. David R. Rahn & Associates Inc. now owns 21,575 shares of the business services provider’s stock valued at $66,000 after buying an additional 5,000 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Aqua Metals by 192.3% in the fourth quarter. GSA Capital Partners LLP now owns 30,476 shares of the business services provider’s stock valued at $55,000 after buying an additional 20,050 shares during the last quarter. Institutional investors own 30.22% of the company’s stock.

In related news, Director Gayle J. Gibson purchased 7,782 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was purchased at an average price of $3.95 per share, with a total value of $30,738.90. Following the completion of the transaction, the director now owns 7,782 shares of the company’s stock, valued at approximately $30,738.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Shares of AQMS stock opened at $1.86 on Tuesday. Aqua Metals Inc has a one year low of $1.47 and a one year high of $4.33. The company has a quick ratio of 2.05, a current ratio of 2.19 and a debt-to-equity ratio of 0.20. The company has a market cap of $80.58 million, a P/E ratio of -1.58 and a beta of 1.11.

AQMS has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Aqua Metals from a “hold” rating to a “sell” rating in a research report on Friday, May 17th. National Securities reissued a “buy” rating and issued a $10.00 price objective on shares of Aqua Metals in a research report on Friday, May 10th. ValuEngine lowered shares of Aqua Metals from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Finally, Oppenheimer cut their price objective on shares of Aqua Metals from $14.00 to $9.00 and set an “outperform” rating for the company in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $6.25.

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Aqua Metals Company Profile

Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was founded in 2014 and is headquartered in McCarran, Nevada.

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Institutional Ownership by Quarter for Aqua Metals (NASDAQ:AQMS)

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