Dimensional Fund Advisors LP Acquires 309,347 Shares of Comstock Inc. $LODE

Dimensional Fund Advisors LP lifted its holdings in Comstock Inc. (NYSEAMERICAN:LODE) by 162.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 500,171 shares of the company’s stock after acquiring an additional 309,347 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Comstock were worth $1,525,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its holdings in shares of Comstock by 133.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company’s stock valued at $26,000 after purchasing an additional 4,000 shares during the last quarter. Wealth Effects LLC bought a new stake in Comstock in the first quarter worth $34,000. Jefferies Financial Group Inc. bought a new stake in Comstock in the fourth quarter worth $39,000. Virtu Financial LLC purchased a new stake in Comstock during the third quarter valued at about $44,000. Finally, MML Investors Services LLC purchased a new stake in Comstock during the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

Comstock Stock Up 0.6%

Shares of Comstock stock opened at $3.46 on Friday. Comstock Inc. has a 1 year low of $2.24 and a 1 year high of $4.98. The firm has a market cap of $262.93 million, a price-to-earnings ratio of -3.36 and a beta of 1.42. The company has a 50-day moving average of $3.82 and a 200 day moving average of $3.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.20 and a quick ratio of 3.20.

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

Wall Street Analyst Weigh In

Separately, UBS Group reiterated 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $4.00.

Insider Buying and Selling

In related news, CEO Corrado Degasperis bought 10,682 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average cost of $3.98 per share, with a total value of $42,514.36. Following the completion of the purchase, the chief executive officer owned 181,500 shares in the company, valued at approximately $722,370. The trade was a 6.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven Yu-Tsung Pei purchased 150,000 shares of Comstock stock in a transaction dated Friday, June 12th. The shares were bought at an average price of $4.10 per share, with a total value of $615,000.00. Following the completion of the acquisition, the director directly owned 1,868,323 shares of the company’s stock, valued at approximately $7,660,124.30. This represents a 8.73% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 652,092 shares of company stock valued at $2,638,639. Insiders own 2.70% of the company’s stock.

About Comstock

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.