Virtu Financial LLC Buys 31,185 Shares of Hycroft Mining Holding Corporation $HYMC

Virtu Financial LLC grew its stake in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) by 194.6% in the 4th quarter, HoldingsChannel reports. The fund owned 47,208 shares of the company’s stock after purchasing an additional 31,185 shares during the quarter. Virtu Financial LLC’s holdings in Hycroft Mining were worth $1,122,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC raised its position in shares of Hycroft Mining by 1,666.7% in the fourth quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares in the last quarter. Bank of America Corp DE grew its position in Hycroft Mining by 166.6% in the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock valued at $25,000 after acquiring an additional 2,537 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Hycroft Mining during the 4th quarter valued at approximately $52,000. Wells Fargo & Company MN bought a new stake in shares of Hycroft Mining during the fourth quarter worth $71,000. Finally, Kestra Advisory Services LLC acquired a new position in Hycroft Mining in the 4th quarter worth about $81,000. Institutional investors and hedge funds own 7.38% of the company’s stock.

Hycroft Mining Price Performance

HYMC opened at $26.01 on Friday. Hycroft Mining Holding Corporation has a fifty-two week low of $2.93 and a fifty-two week high of $58.73. The firm has a market capitalization of $2.38 billion, a PE ratio of -21.86 and a beta of 2.62. The company’s 50-day moving average is $34.64 and its 200 day moving average is $33.49.

Hycroft Mining (NASDAQ:HYMC) last released its quarterly earnings results on Monday, April 27th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.45).

Insider Activity at Hycroft Mining

In related news, CFO Stanton K. Rideout sold 16,500 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $30.18, for a total transaction of $497,970.00. Following the completion of the sale, the chief financial officer owned 481,947 shares in the company, valued at approximately $14,545,160.46. This represents a 3.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP David Brian Thomas sold 25,000 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $26.32, for a total value of $658,000.00. Following the completion of the sale, the senior vice president directly owned 168,374 shares of the company’s stock, valued at $4,431,603.68. The trade was a 12.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 99,873 shares of company stock valued at $2,884,778 over the last 90 days. Corporate insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Tuesday. Wall Street Zen upgraded Hycroft Mining from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Hycroft Mining Profile

Hycroft Mining PLC is a precious metals company focused on the exploration, development and operation of the Hycroft Mine, a large oxide gold and silver deposit in northwestern Nevada. The company’s primary activities include open-pit mining, heap leach extraction and carbon adsorption/desorption processing designed to recover gold and silver from crushed ore. Hycroft’s technical team employs conventional mining methods and metallurgical processes to advance resource conversion and optimize recovery rates.

Located on approximately 28,800 hectares in Humboldt County, Nevada, the Hycroft Mine ranks among the largest undeveloped oxide gold-silver deposits in North America.