683 Capital Management LLC Takes $1.04 Million Position in Comstock Inc. $LODE

683 Capital Management LLC bought a new stake in Comstock Inc. (NYSEAMERICAN:LODE) during the 4th quarter, HoldingsChannel reports. The firm bought 276,243 shares of the company’s stock, valued at approximately $1,039,000.

Other institutional investors have also modified their holdings of the company. Jefferies Financial Group Inc. acquired a new stake in shares of Comstock in the fourth quarter valued at about $39,000. Virtu Financial LLC purchased a new stake in Comstock during the 3rd quarter valued at about $44,000. MML Investors Services LLC purchased a new stake in Comstock during the 4th quarter valued at about $45,000. Marathon Capital Management grew its stake in Comstock by 48.1% during the 3rd quarter. Marathon Capital Management now owns 20,000 shares of the company’s stock valued at $68,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in Comstock during the 3rd quarter valued at about $78,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

Comstock Stock Up 8.6%

Shares of NYSEAMERICAN LODE opened at $4.68 on Thursday. Comstock Inc. has a 12-month low of $2.24 and a 12-month high of $4.96. The stock has a market cap of $355.26 million, a PE ratio of -4.87 and a beta of 1.37. The company has a current ratio of 4.51, a quick ratio of 4.51 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average of $3.57 and a 200 day moving average of $3.44.

Comstock (NYSEAMERICAN:LODE) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter. Comstock had a negative net margin of 4,011.56% and a negative return on equity of 32.51%. The business had revenue of $0.31 million for the quarter. As a group, sell-side analysts predict that Comstock Inc. will post -0.41 EPS for the current fiscal year.

Insider Buying and Selling at Comstock

In other Comstock news, Director Steven Yu-Tsung Pei acquired 150,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average price of $4.10 per share, with a total value of $615,000.00. Following the purchase, the director owned 1,868,323 shares in the company, valued at approximately $7,660,124.30. The trade was a 8.73% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Spence acquired 24,410 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were acquired at an average cost of $3.97 per share, with a total value of $96,907.70. Following the purchase, the director owned 32,403 shares in the company, valued at $128,639.91. This represents a 305.39% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 1,111,651 shares of company stock worth $4,177,981 in the last 90 days. 2.70% of the stock is currently owned by insiders.

Comstock Profile

Comstock Mining, Inc (NYSE: LODE) is a growth-oriented mineral exploration and production company focused on the historic Comstock Lode in Virginia City, Nevada. The company’s primary business activities include the development, extraction and sale of gold and silver from its flagship Lucerne project. Comstock leverages modern mining techniques and infrastructure to access high-grade ore bodies in one of North America’s most renowned silver-gold districts.

In addition to its core precious metals operations, Comstock Mining maintains a commercial real estate division centered in Virginia City’s historic district.