Coda Octopus Group, Inc. (NASDAQ:CODA) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its position in shares of Coda Octopus Group, Inc. (NASDAQ:CODA) by 11.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,815 shares of the company’s stock after selling 7,288 shares during the period. Dimensional Fund Advisors LP owned about 0.52% of Coda Octopus Group worth $348,000 at the end of the most recent reporting period.

Separately, Rice Hall James & Associates LLC increased its position in Coda Octopus Group by 3.8% in the 2nd quarter. Rice Hall James & Associates LLC now owns 244,490 shares of the company’s stock valued at $1,473,000 after acquiring an additional 8,948 shares during the period. 20.12% of the stock is currently owned by hedge funds and other institutional investors.

Coda Octopus Group Stock Up 3.8 %

Shares of CODA stock opened at $8.21 on Tuesday. The stock has a market capitalization of $91.75 million, a PE ratio of 32.84 and a beta of 0.54. Coda Octopus Group, Inc. has a 52-week low of $5.21 and a 52-week high of $8.33. The stock’s 50-day moving average price is $7.31 and its 200 day moving average price is $6.77.

Coda Octopus Group (NASDAQ:CODA) last announced its quarterly earnings data on Monday, September 16th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Coda Octopus Group had a return on equity of 5.93% and a net margin of 15.93%. The company had revenue of $5.48 million for the quarter.

Coda Octopus Group Profile

Coda Octopus Group, Inc, together with its subsidiaries, develops, sells, and rentals underwater technologies and equipment for real time 3D imaging, mapping, defense, and survey applications in the Americas, Europe, Australia, Asia, the Middle East, and Africa. The company operates through two segments, Marine Engineering Business and Marine Technology Business.