Victory Capital Management Inc. Purchases New Position in Meta Materials Inc. (NASDAQ:MMAT)

Victory Capital Management Inc. purchased a new stake in Meta Materials Inc. (NASDAQ:MMAT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,436 shares of the company’s stock, valued at approximately $78,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Howe & Rusling Inc. grew its stake in shares of Meta Materials by 105.4% in the 1st quarter. Howe & Rusling Inc. now owns 20,540 shares of the company’s stock valued at $38,000 after buying an additional 10,540 shares in the last quarter. Axiom Investment Management LLC bought a new stake in shares of Meta Materials in the 1st quarter valued at approximately $92,000. HighTower Advisors LLC bought a new stake in shares of Meta Materials in the 1st quarter valued at approximately $37,000. Valeo Financial Advisors LLC bought a new stake in shares of Meta Materials in the 2nd quarter valued at approximately $75,000. Finally, Squarepoint Ops LLC grew its stake in shares of Meta Materials by 856.1% in the 1st quarter. Squarepoint Ops LLC now owns 145,811 shares of the company’s stock valued at $267,000 after buying an additional 130,561 shares in the last quarter. 6.40% of the stock is owned by institutional investors and hedge funds.

In related news, Director Michael James Graves sold 300,000 shares of the business’s stock in a transaction that occurred on Friday, July 9th. The stock was sold at an average price of 5.08, for a total value of 1,524,000.00. Following the completion of the sale, the director now directly owns 369,693 shares in the company, valued at approximately 1,878,040.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 17.49% of the stock is currently owned by insiders.

MMAT opened at 4.94 on Tuesday. The business has a 50 day moving average price of 3.98 and a 200 day moving average price of 7.74. Meta Materials Inc. has a twelve month low of 0.42 and a twelve month high of 21.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.64 and a current ratio of 2.64.

Meta Materials (NASDAQ:MMAT) last posted its earnings results on Friday, August 13th. The company reported -0.03 earnings per share for the quarter. The company had revenue of 0.62 million during the quarter.

Meta Materials Profile

Meta Materials, Inc engages in the manufacture and development of functional materials. Its technology platform enables the global brands to deliver products to customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. The company was founded by George Palikaras and Themos Kallos on August 15, 2011 and is headquartered in Nova Scotia, Canada.

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Institutional Ownership by Quarter for Meta Materials (NASDAQ:MMAT)

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