Insider Buying: 5E Advanced Materials (NASDAQ:FEAM) Director Buys 60,000 Shares of Stock

5E Advanced Materials, Inc. (NASDAQ:FEAM) Director Hoff Graham Vant bought 60,000 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The stock was purchased at an average price of $3.59 per share, with a total value of $215,400.00. Following the completion of the purchase, the director directly owned 102,997 shares of the company’s stock, valued at $369,759.23. This represents a 139.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

5E Advanced Materials Trading Down 1.8%

FEAM stock traded down $0.06 during midday trading on Tuesday, hitting $3.28. The stock had a trading volume of 768,834 shares, compared to its average volume of 476,428. The firm has a market capitalization of $136.60 million, a price-to-earnings ratio of -2.22 and a beta of 1.80. 5E Advanced Materials, Inc. has a 52 week low of $0.90 and a 52 week high of $7.46. The stock has a 50-day simple moving average of $2.13 and a 200 day simple moving average of $1.74.

5E Advanced Materials (NASDAQ:FEAM) last posted its quarterly earnings results on Thursday, September 17th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.18.

Hedge Funds Weigh In On 5E Advanced Materials

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bluescape Energy Partners LLC boosted its stake in 5E Advanced Materials by 7.0% in the 4th quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock valued at $24,800,000 after buying an additional 533,648 shares in the last quarter. AWM Investment Company Inc. bought a new stake in 5E Advanced Materials in the second quarter valued at $4,346,000. Aristides Capital LLC bought a new stake in 5E Advanced Materials in the first quarter valued at $765,000. Finally, Renaissance Technologies LLC bought a new stake in 5E Advanced Materials in the first quarter valued at $268,000.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of 5E Advanced Materials from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Friday, July 17th. Finally, HC Wainwright increased their price target on shares of 5E Advanced Materials from $3.50 to $6.75 and gave the stock a “buy” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, 5E Advanced Materials presently has an average rating of “Hold” and an average price target of $6.75.

About 5E Advanced Materials

5E Advanced Materials, Inc is a critical-minerals company focused on developing domestic sources of boron and lithium. The company is advancing the Fort Cady project in Southern California, a mineral resource intended to support the production of boric acid, boron-derived products and lithium compounds.

Boron is used in a range of industrial and technology applications, including fiberglass, ceramics, glass, agriculture, construction materials and advanced materials. 5E has described its planned product portfolio as including boric acid and other boron specialty chemicals, with lithium potentially recovered as a co-product from the Fort Cady resource.

The company was formerly known as American Pacific Borate Lithium Limited and changed its name to 5E Advanced Materials, Inc Its operations are centered on the Fort Cady project in San Bernardino County, California, as it works toward establishing a vertically integrated U.S.