ICM Asset Management Inc. WA acquired a new stake in shares of Aqua Metals Inc (NASDAQ:AQMS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 804,709 shares of the business services provider’s stock, valued at approximately $2,470,000. Aqua Metals makes up about 1.9% of ICM Asset Management Inc. WA’s holdings, making the stock its 16th biggest holding. ICM Asset Management Inc. WA owned about 1.81% of Aqua Metals at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. David R. Rahn & Associates Inc. lifted its position in Aqua Metals by 30.2% in the 1st quarter. David R. Rahn & Associates Inc. now owns 21,575 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 5,000 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Aqua Metals during the first quarter worth $104,000. Tibra Equities Europe Ltd acquired a new stake in shares of Aqua Metals during the first quarter worth $298,000. Deutsche Bank AG increased its position in shares of Aqua Metals by 37,501.5% during the fourth quarter. Deutsche Bank AG now owns 1,504,060 shares of the business services provider’s stock worth $2,737,000 after buying an additional 1,500,060 shares during the period. Finally, Cetera Advisor Networks LLC increased its position in shares of Aqua Metals by 64.5% during the fourth quarter. Cetera Advisor Networks LLC now owns 51,000 shares of the business services provider’s stock worth $93,000 after buying an additional 20,000 shares during the period. Hedge funds and other institutional investors own 21.98% of the company’s stock.

Shares of Aqua Metals stock traded down $0.10 during trading hours on Monday, reaching $2.93. The company’s stock had a trading volume of 435,034 shares, compared to its average volume of 701,545. Aqua Metals Inc has a one year low of $1.47 and a one year high of $4.33. The firm has a market capitalization of $131.31 million, a price-to-earnings ratio of -2.48 and a beta of 0.96. The company has a current ratio of 1.93, a quick ratio of 1.86 and a debt-to-equity ratio of 0.17.

In other news, President Stephen Cotton purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, January 17th. The shares were bought at an average cost of $1.90 per share, with a total value of $28,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gayle J. Gibson purchased 7,782 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were purchased at an average cost of $3.95 per share, for a total transaction of $30,738.90. Following the completion of the transaction, the director now directly owns 7,782 shares of the company’s stock, valued at $30,738.90. The disclosure for this purchase can be found here. Insiders acquired 27,782 shares of company stock worth $68,739 over the last ninety days. Insiders own 2.00% of the company’s stock.

Several research firms have recently weighed in on AQMS. Zacks Investment Research cut shares of Aqua Metals from a “hold” rating to a “sell” rating in a research report on Monday, March 4th. ValuEngine upgraded shares of Aqua Metals from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd.

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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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