Loop IndustriesLOOP
Market Cap: 84.6M
About: Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.
Employees: 54
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
1.01% less ownership
Funds ownership: 4.89% [Q4 2023] → 3.87% (-1.01%) [Q1 2024]
9% less funds holding
Funds holding: 35 [Q4 2023] → 32 (-3) [Q1 2024]
13% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 8
41% less capital invested
Capital invested by funds: $8.78M [Q4 2023] → $5.16M (-$3.61M) [Q1 2024]
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $87K
Research analyst outlook
We haven’t received any recent analyst ratings for LOOP.