Trek Financial LLC Acquires Shares of 960,780 Platinum Group Metals Ltd. (NYSE:PLG)

Trek Financial LLC bought a new position in shares of Platinum Group Metals Ltd. (NYSE:PLG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 960,780 shares of the company’s stock, valued at approximately $1,230,000. Trek Financial LLC owned approximately 0.93% of Platinum Group Metals as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of PLG. The Manufacturers Life Insurance Company bought a new stake in Platinum Group Metals during the third quarter worth $1,263,000. MCIA Inc acquired a new stake in Platinum Group Metals in the third quarter valued at about $41,000. Sanctuary Advisors LLC bought a new position in Platinum Group Metals in the third quarter valued at about $36,000. J.W. Cole Advisors Inc. acquired a new position in Platinum Group Metals during the fourth quarter worth about $30,000. Finally, XTX Topco Ltd bought a new position in shares of Platinum Group Metals in the third quarter worth about $30,000. Institutional investors own 16.33% of the company’s stock.

Platinum Group Metals Stock Performance

Shares of PLG opened at $1.07 on Monday. Platinum Group Metals Ltd. has a 52 week low of $0.99 and a 52 week high of $2.27. The stock has a market capitalization of $110.83 million, a price-to-earnings ratio of -17.83 and a beta of 1.66. The stock has a fifty day moving average of $1.27 and a 200-day moving average of $1.44.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Platinum Group Metals to a “sell” rating in a report on Tuesday, March 25th.

About Platinum Group Metals

Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Bushveld Igneous Complex, South Africa.