694,025 Shares in Comstock Inc. $LODE Bought by Flax Pond Capital LLC

Flax Pond Capital LLC bought a new stake in shares of Comstock Inc. (NYSEAMERICAN:LODE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 694,025 shares of the company’s stock, valued at approximately $2,610,000. Comstock makes up approximately 1.9% of Flax Pond Capital LLC’s holdings, making the stock its 25th largest holding. Flax Pond Capital LLC owned approximately 1.35% of Comstock as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Regal Partners Ltd acquired a new stake in Comstock in the third quarter worth about $3,954,000. 683 Capital Management LLC acquired a new position in shares of Comstock during the fourth quarter valued at about $1,039,000. Apis Capital Advisors LLC increased its holdings in shares of Comstock by 48.2% during the third quarter. Apis Capital Advisors LLC now owns 504,000 shares of the company’s stock valued at $1,724,000 after acquiring an additional 164,000 shares in the last quarter. Marathon Capital Management raised its position in shares of Comstock by 48.1% in the 3rd quarter. Marathon Capital Management now owns 20,000 shares of the company’s stock valued at $68,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Hudson Bay Capital Management LP purchased a new position in shares of Comstock in the 4th quarter valued at approximately $292,000. 7.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Comstock

In other news, Director Steven Yu-Tsung Pei bought 150,000 shares of Comstock stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average price of $4.10 per share, for a total transaction of $615,000.00. Following the purchase, the director directly owned 1,868,323 shares of the company’s stock, valued at approximately $7,660,124.30. The trade was a 8.73% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Spence purchased 24,410 shares of the stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average cost of $3.97 per share, with a total value of $96,907.70. Following the transaction, the director owned 32,403 shares in the company, valued at $128,639.91. This trade represents a 305.39% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 1,111,651 shares of company stock valued at $4,177,981 over the last three months. 2.70% of the stock is owned by corporate insiders.

Comstock Price Performance

LODE stock opened at $4.77 on Friday. The stock has a market capitalization of $362.09 million, a PE ratio of -4.97 and a beta of 1.37. Comstock Inc. has a 52 week low of $2.24 and a 52 week high of $4.98. 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 firm has a 50 day moving average of $3.63 and a 200 day moving average of $3.46.

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

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.