Tidal Investments LLC Acquires Shares of 16,576 IperionX Limited (NASDAQ:IPX)

Tidal Investments LLC bought a new position in IperionX Limited (NASDAQ:IPX) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 16,576 shares of the company’s stock, valued at approximately $368,000.

Other hedge funds have also recently made changes to their positions in the company. Stifel Financial Corp increased its stake in IperionX by 34.3% during the third quarter. Stifel Financial Corp now owns 703,679 shares of the company’s stock worth $15,671,000 after acquiring an additional 179,650 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of IperionX by 134.2% in the 3rd quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock worth $591,000 after purchasing an additional 15,202 shares during the period. Ballentine Partners LLC bought a new position in shares of IperionX during the 3rd quarter valued at approximately $529,000. Finally, Symmetry Peak Management LLC purchased a new stake in IperionX during the 3rd quarter valued at $228,000. 2.76% of the stock is currently owned by hedge funds and other institutional investors.

IperionX Stock Performance

Shares of NASDAQ IPX opened at $29.80 on Tuesday. IperionX Limited has a 1 year low of $9.11 and a 1 year high of $31.60. The firm has a 50-day simple moving average of $25.77 and a two-hundred day simple moving average of $19.91. The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61.

Wall Street Analyst Weigh In

Separately, B. Riley initiated coverage on shares of IperionX in a research note on Thursday, October 10th. They set a “buy” rating and a $30.00 price objective for the company.

IperionX Company Profile

IperionX’s mission is to be the leading developer of low carbon, sustainable, critical material supply chains focused on advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX’s breakthrough titanium technologies have demonstrated the potential to produce titanium products that are sustainable, 100% recyclable, have low carbon intensity and to do so at product qualities that meet or exceed current industry standards.