XTX Topco Ltd Has $29,000 Position in Ocean Power Technologies, Inc. (NASDAQ:OPTT)

XTX Topco Ltd lessened its stake in shares of Ocean Power Technologies, Inc. (NASDAQ:OPTT) by 80.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 28,727 shares of the energy company’s stock after selling 120,682 shares during the quarter. XTX Topco Ltd’s holdings in Ocean Power Technologies were worth $29,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC lifted its position in Ocean Power Technologies by 35.3% during the fourth quarter. Geode Capital Management LLC now owns 1,012,955 shares of the energy company’s stock worth $1,033,000 after acquiring an additional 264,382 shares during the last quarter. LPL Financial LLC bought a new position in shares of Ocean Power Technologies during the fourth quarter worth approximately $26,000. Virtu Financial LLC lifted its holdings in Ocean Power Technologies by 57.9% during the 4th quarter. Virtu Financial LLC now owns 111,182 shares of the energy company’s stock worth $113,000 after purchasing an additional 40,772 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Ocean Power Technologies in the 4th quarter valued at $291,000. Finally, Sargent Investment Group LLC grew its holdings in Ocean Power Technologies by 164.0% in the 4th quarter. Sargent Investment Group LLC now owns 528,000 shares of the energy company’s stock valued at $539,000 after buying an additional 328,000 shares in the last quarter. Institutional investors own 11.93% of the company’s stock.

Ocean Power Technologies Stock Up 4.5 %

Shares of Ocean Power Technologies stock opened at $0.43 on Friday. The stock has a market capitalization of $73.31 million, a price-to-earnings ratio of -1.33 and a beta of 2.51. Ocean Power Technologies, Inc. has a twelve month low of $0.12 and a twelve month high of $1.75. The company has a 50-day simple moving average of $0.46 and a two-hundred day simple moving average of $0.50.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Ocean Power Technologies to a “sell” rating in a report on Tuesday, March 4th.

Ocean Power Technologies Company Profile

Ocean Power Technologies, Inc develops and commercializes proprietary power platforms that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Australia, and Asia. It offers PB3 PowerBuoy that generates power for use independent of the power grid in offshore locations.