StockNews.com began covering stocks of Ocean Bio-Chem (NASDAQ:OBCI) in a note released Tuesday to investors. The company has attached a “buy” rating to the stock.

OBCI stock opened at $9.20 on Tuesday. The company’s 50-day moving average price is $8.85. Ocean Bio-Chem has a 12-month low of $7.85 and a 12-month high of $15.21. The company has a debt ratio of 0.17, a quick ratio of 3.95 and a current ratio of 6.12. The stock has a market capitalization of $87.27 million, a P/E ratio of 10.22 and a beta of 0.34.

Hedge funds have recently been buying and selling shares of the company. AltraVue Capital LLC increased its position in Ocean Bio-Chem by 55.2% during the second quarter. AltraVue Capital LLC now owns 94,996 shares of the company valued at $1,159,000 after acquiring an additional 33,772 shares during the period. Dimensional Fund Advisors LP increased its position in Ocean Bio-Chem shares by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 79,472 shares of the company worth $691,000 after purchasing an additional 1,988 shares during the period. Stifel Financial Corp increased its position in shares of Ocean Bio-Chem by 14.5% in the fourth quarter. Stifel Financial Corp now owns 25,475 shares of the company worth $222,000 after purchasing an additional 3,225 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Ocean Bio-Chem in the third quarter for a value of approximately $93,000. Finally, BlackRock Inc. increased its position in Ocean Bio-Chem shares by 637.3% in the third quarter. BlackRock Inc. now owns 10,846 shares of the company worth $102,000 after purchasing an additional 9,375 shares during the period. 9.00% of the shares are held by hedge funds and other institutional investors.

About Ocean Bio-Chem

Ocean Bio-Chem, Inc. manufactures, markets and distributes appearance, performance and care products under the Star brite and Star Tron brand names. The company also manufactures and distributes disinfectant, sanitizer and deodorant products under the Performacide and Star brite brands. It serves the marine, automotive, powersports, recreational vehicles and outdoor power equipment markets.

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