Steven Yu-Tsung Pei Acquires 79,559 Shares of Comstock (NYSEAMERICAN:LODE) Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei purchased 79,559 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $3.42 per share, for a total transaction of $272,091.78. Following the acquisition, the director directly owned 1,530,980 shares in the company, valued at approximately $5,235,951.60. The trade was a 5.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, May 13th, Steven Yu-Tsung Pei bought 345,000 shares of Comstock stock. The stock was bought at an average price of $3.38 per share, with a total value of $1,166,100.00.

Comstock Price Performance

NYSEAMERICAN LODE traded down $0.12 during trading hours on Thursday, reaching $3.32. 876,337 shares of the stock traded hands, compared to its average volume of 1,641,532. The stock has a 50 day simple moving average of $3.16 and a two-hundred day simple moving average of $3.29. Comstock Inc. has a 1 year low of $2.24 and a 1 year high of $4.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.51 and a quick ratio of 2.06. The company has a market cap of $252.02 million, a price-to-earnings ratio of -3.46 and a beta of 1.31.

Comstock (NYSEAMERICAN:LODE) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter. The firm 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%. On average, analysts predict that Comstock Inc. will post -0.37 EPS for the current fiscal year.

Institutional Trading of Comstock

Several institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. grew its stake in shares of Comstock by 133.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company’s stock valued at $26,000 after buying an additional 4,000 shares during the last quarter. Marathon Capital Management lifted its stake 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 acquiring an additional 6,500 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in Comstock during the 4th quarter valued at about $39,000. Wealth Effects LLC purchased a new stake in Comstock during the 1st quarter valued at about $34,000. Finally, MML Investors Services LLC bought a new position in Comstock during the 4th quarter worth approximately $45,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

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.