Insider Buying: Comstock (NYSEAMERICAN:LODE) Director Buys 345,000 Shares of Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei purchased 345,000 shares of Comstock stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $3.38 per share, for a total transaction of $1,166,100.00. Following the transaction, the director owned 1,451,421 shares in the company, valued at approximately $4,905,802.98. This trade represents a 31.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Steven Yu-Tsung Pei also recently made the following trade(s):

• On Thursday, May 14th, Steven Yu-Tsung Pei acquired 79,559 shares of Comstock stock. The stock was acquired at an average price of $3.42 per share, for a total transaction of $272,091.78.

Comstock Trading Down 3.5%

Comstock stock traded down $0.12 during mid-day trading on Thursday, hitting $3.32. The company’s stock had a trading volume of 876,337 shares, compared to its average volume of 1,641,532. The stock’s fifty day moving average is $3.16 and its two-hundred day moving average is $3.29. The company has a current ratio of 4.51, a quick ratio of 2.06 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $252.02 million, a PE ratio of -3.46 and a beta of 1.31. Comstock Inc. has a 1 year low of $2.24 and a 1 year high of $4.80.

Comstock (NYSEAMERICAN:LODE) last posted its earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter. The business had revenue of $0.31 million during the quarter. Comstock had a negative net margin of 4,011.56% and a negative return on equity of 32.51%. On average, analysts anticipate that Comstock Inc. will post -0.37 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. raised its stake in shares of Comstock by 133.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company’s stock valued at $26,000 after acquiring an additional 4,000 shares during the period. Wealth Effects LLC acquired a new position in shares of Comstock in the 1st quarter worth approximately $34,000. Jefferies Financial Group Inc. purchased a new position in shares of Comstock during the 4th quarter worth approximately $39,000. Virtu Financial LLC purchased a new position in shares of Comstock during the 3rd quarter worth approximately $44,000. Finally, MML Investors Services LLC acquired a new stake in Comstock in the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

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.