Bayshore Asset Management LLC Makes New $82,000 Investment in Osisko Development Corp. (NYSE:ODV)

Bayshore Asset Management LLC bought a new stake in Osisko Development Corp. (NYSE:ODV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 38,333 shares of the company’s stock, valued at approximately $82,000.

A number of other large investors have also recently made changes to their positions in ODV. Rathbones Group PLC acquired a new position in Osisko Development during the second quarter worth approximately $34,000. Virtu Financial LLC purchased a new position in shares of Osisko Development during the first quarter worth approximately $48,000. Elevatus Welath Management increased its holdings in shares of Osisko Development by 1,575.0% in the 1st quarter. Elevatus Welath Management now owns 572,533 shares of the company’s stock valued at $1,219,000 after acquiring an additional 538,351 shares during the period. Finally, Equinox Partners Investment Management LLC raised its position in Osisko Development by 9.1% in the 1st quarter. Equinox Partners Investment Management LLC now owns 1,606,335 shares of the company’s stock valued at $3,429,000 after purchasing an additional 134,400 shares during the last quarter. 15.16% of the stock is owned by institutional investors and hedge funds.

Osisko Development Stock Up 18.1 %

Shares of NYSE:ODV opened at $2.67 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.64 and a quick ratio of 0.57. The stock has a market cap of $225.48 million, a P/E ratio of -1.69 and a beta of 0.63. Osisko Development Corp. has a 1-year low of $1.70 and a 1-year high of $3.30. The firm has a fifty day moving average price of $2.15 and a 200 day moving average price of $2.10.

Osisko Development (NYSE:ODV) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.25) earnings per share (EPS) for the quarter. The company had revenue of $1.92 million for the quarter. Osisko Development had a negative return on equity of 6.20% and a negative net margin of 831.24%. Sell-side analysts predict that Osisko Development Corp. will post -0.32 EPS for the current year.

Osisko Development Profile

Osisko Development Corp. acquires, explores, and develops mineral properties in Canada, Mexico, and the United States. It explores for gold; and precious and base metals. The company's flagship asset is the Cariboo Gold Project covering an area of approximately 155,000 hectares consisting of 415 mineral titles located in British Columbia, Canada.