FirstWave Capital Management LLC Purchases New Shares in Blue Moon Metals Inc. $BMM

FirstWave Capital Management LLC purchased a new position in Blue Moon Metals Inc. (NASDAQ:BMM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 168,555 shares of the company’s stock, valued at approximately $1,077,000.

A number of other institutional investors also recently bought and sold shares of BMM. Periscope Capital Inc. purchased a new position in Blue Moon Metals during the second quarter worth $63,432. DLD Asset Management LP purchased a new stake in shares of Blue Moon Metals in the second quarter valued at $639,000. Bank of America Corp DE raised its stake in shares of Blue Moon Metals by 2,095.4% in the second quarter. Bank of America Corp DE now owns 454,497 shares of the company’s stock valued at $2,904,000 after acquiring an additional 433,795 shares during the period. Moore Capital Management LP bought a new stake in shares of Blue Moon Metals in the 2nd quarter worth about $3,052,000. Finally, Deutsche Bank AG lifted its holdings in shares of Blue Moon Metals by 41.3% in the 2nd quarter. Deutsche Bank AG now owns 953,102 shares of the company’s stock worth $6,090,000 after acquiring an additional 278,801 shares during the last quarter.

Blue Moon Metals Price Performance

Blue Moon Metals stock opened at $6.19 on Friday. Blue Moon Metals Inc. has a 1 year low of $2.20 and a 1 year high of $8.63. The firm has a 50-day moving average of $5.71.

Wall Street Analyst Weigh In

BMM has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Blue Moon Metals from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Blue Moon Metals in a research report on Tuesday, June 16th. Finally, Maxim Group began coverage on shares of Blue Moon Metals in a research note on Friday, June 12th. They issued a “buy” rating and a $15.00 price objective for the company. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.00.