Comstock Inc. $LODE Position Increased by Sei Investments Co.

Sei Investments Co. grew its position in Comstock Inc. (NYSEAMERICAN:LODE) by 286.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,700,841 shares of the company’s stock after buying an additional 1,260,259 shares during the quarter. Sei Investments Co.’s holdings in Comstock were worth $5,188,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in LODE. Geode Capital Management LLC raised its holdings in shares of Comstock by 23.7% during the second quarter. Geode Capital Management LLC now owns 277,099 shares of the company’s stock valued at $1,050,000 after acquiring an additional 53,111 shares during the period. XTX Topco Ltd acquired a new position in Comstock in the 2nd quarter worth approximately $163,000. Vanguard Group Inc. grew its position in Comstock by 90.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,131,469 shares of the company’s stock worth $7,290,000 after purchasing an additional 1,009,539 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Comstock by 86.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 87,482 shares of the company’s stock worth $300,000 after purchasing an additional 40,502 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Comstock during the 3rd quarter valued at $172,000. 7.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Comstock

In related news, Director Steven Yu-Tsung Pei purchased 150,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of $4.10 per share, with a total value of $615,000.00. Following the completion of the purchase, the director owned 1,868,323 shares of the company’s stock, valued at $7,660,124.30. The trade was a 8.73% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leo M. Drozdoff acquired 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average price of $4.11 per share, with a total value of $28,770.00. Following the completion of the acquisition, the director owned 193,474 shares of the company’s stock, valued at $795,178.14. This represents a 3.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 1,111,651 shares of company stock worth $4,177,981. Corporate insiders own 2.70% of the company’s stock.

Comstock Trading Up 5.3%

NYSEAMERICAN:LODE opened at $3.18 on Wednesday. The stock has a market cap of $241.65 million, a PE ratio of -3.09 and a beta of 1.42. Comstock Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $4.98. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.20 and a quick ratio of 3.20. The stock’s 50-day moving average is $3.94 and its two-hundred day moving average is $3.49.

Comstock (NYSEAMERICAN:LODE) last posted its quarterly earnings results on Thursday, July 23rd. The company reported ($0.34) earnings per share (EPS) for the quarter. Comstock had a negative return on equity of 30.98% and a negative net margin of 6,016.37%.The company had revenue of $0.27 million during the quarter. As a group, equities research analysts forecast that Comstock Inc. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, UBS Group restated a “reduce” rating on shares of Comstock in a report on Monday, June 22nd. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $4.00.

Comstock Company 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.