Regal Partners Ltd Makes New $549,000 Investment in Comstock Inc. $LODE

Regal Partners Ltd acquired a new position in shares of Comstock Inc. (NYSEAMERICAN:LODE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 180,000 shares of the company’s stock, valued at approximately $549,000. Regal Partners Ltd owned 0.24% of Comstock at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Rockefeller Capital Management L.P. lifted its stake in Comstock by 133.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company’s stock worth $26,000 after acquiring an additional 4,000 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Comstock during the 4th quarter valued at about $39,000. Wealth Effects LLC acquired a new position in shares of Comstock in the 1st quarter valued at about $34,000. MML Investors Services LLC acquired a new position in shares of Comstock in the 4th quarter valued at about $45,000. Finally, Virtu Financial LLC purchased a new stake in shares of Comstock in the third quarter worth approximately $44,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

Comstock Stock Down 9.0%

Shares of Comstock stock opened at $2.83 on Wednesday. The stock has a 50 day moving average price of $4.04 and a two-hundred day moving average price of $3.52. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.08. Comstock Inc. has a 12-month low of $2.24 and a 12-month high of $4.98. The stock has a market capitalization of $215.05 million, a P/E ratio of -2.75 and a beta of 1.38.

Comstock (NYSEAMERICAN:LODE) last released its quarterly earnings results on Thursday, July 23rd. The company reported ($0.34) earnings per share (EPS) for the quarter. The firm had revenue of $0.27 million for the quarter. Comstock had a negative net margin of 6,016.37% and a negative return on equity of 30.98%. Equities analysts expect that Comstock Inc. will post -0.41 earnings per share for the current year.

Insider Transactions at Comstock

In other Comstock news, Director Robert Spence purchased 24,410 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was purchased at an average price of $3.97 per share, for a total transaction of $96,907.70. Following the completion of the purchase, the director directly owned 32,403 shares in the company, valued at approximately $128,639.91. This trade represents a 305.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Yu-Tsung Pei bought 345,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $3.38 per share, with a total value of $1,166,100.00. Following the transaction, the director directly owned 1,451,421 shares in the company, valued at $4,905,802.98. This trade represents a 31.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 1,111,651 shares of company stock valued at $4,177,981. Company insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group reaffirmed a “reduce” rating on shares of Comstock in a research report on Monday, June 22nd. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus 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.