Comstock (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei Acquires 153,823 Shares

Comstock Inc. (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei purchased 153,823 shares of the stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average cost of $4.10 per share, with a total value of $630,674.30. Following the completion of the purchase, the director directly owned 1,710,980 shares of the company’s stock, valued at $7,015,018. The trade was a 9.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, June 3rd, Steven Yu-Tsung Pei purchased 180,000 shares of Comstock stock. The stock was acquired at an average cost of $3.93 per share, with a total value of $707,400.00.
• On Monday, June 1st, Steven Yu-Tsung Pei purchased 26,177 shares of Comstock stock. The stock was acquired at an average cost of $4.14 per share, with a total value of $108,372.78.
• On Thursday, May 14th, Steven Yu-Tsung Pei purchased 79,559 shares of Comstock stock. The stock was acquired at an average cost of $3.42 per share, with a total value of $272,091.78.
• On Wednesday, May 13th, Steven Yu-Tsung Pei purchased 345,000 shares of Comstock stock. The stock was acquired at an average cost of $3.38 per share, with a total value of $1,166,100.00.

Comstock Stock Performance

Comstock stock opened at $3.92 on Thursday. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $297.57 million, a PE ratio of -4.08 and a beta of 1.37. The firm has a fifty day simple moving average of $3.38 and a two-hundred day simple moving average of $3.39. Comstock Inc. has a twelve month low of $2.24 and a twelve month high of $4.80.

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

Institutional Trading of Comstock

Hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. raised its stake in shares of Comstock by 286.0% during the first quarter. Sei Investments Co. now owns 1,700,841 shares of the company’s stock valued at $5,188,000 after acquiring an additional 1,260,259 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Comstock during the third quarter valued at about $4,104,000. Regal Partners Ltd bought a new position in shares of Comstock during the third quarter valued at about $3,954,000. Vanguard Group Inc. raised its stake in shares of Comstock by 90.0% during the third quarter. Vanguard Group Inc. now owns 2,131,469 shares of the company’s stock valued at $7,290,000 after acquiring an additional 1,009,539 shares during the last quarter. Finally, Flax Pond Capital LLC bought a new position in shares of Comstock during the fourth quarter valued at about $2,610,000. 7.96% of the stock is owned by institutional investors.

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.