Gratia Capital LLC Has $7.77 Million Holdings in Comstock Inc. $LODE

Gratia Capital LLC boosted its holdings in Comstock Inc. (NYSEAMERICAN:LODE) by 68.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,868,323 shares of the company’s stock after purchasing an additional 761,902 shares during the quarter. Comstock accounts for about 4.7% of Gratia Capital LLC’s portfolio, making the stock its 4th biggest position. Gratia Capital LLC’s holdings in Comstock were worth $7,772,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LODE. Sei Investments Co. boosted its position in shares of Comstock by 286.0% during the 1st quarter. Sei Investments Co. now owns 1,700,841 shares of the company’s stock valued at $5,188,000 after purchasing an additional 1,260,259 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Comstock in the 3rd quarter worth approximately $4,104,000. Vanguard Group Inc. raised its holdings in shares of Comstock by 90.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,131,469 shares of the company’s stock worth $7,290,000 after purchasing an additional 1,009,539 shares in the last quarter. Flax Pond Capital LLC acquired a new stake in Comstock during the fourth quarter valued at approximately $2,610,000. Finally, Marshall Wace LLP lifted its stake in Comstock by 3,811.1% during the fourth quarter. Marshall Wace LLP now owns 669,494 shares of the company’s stock valued at $2,517,000 after purchasing an additional 652,376 shares during the last quarter. 7.96% of the stock is owned by institutional investors and hedge funds.

Comstock Trading Down 1.3%

Shares of NYSEAMERICAN LODE opened at $3.04 on Thursday. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.08. Comstock Inc. has a 12 month low of $2.35 and a 12 month high of $4.98. The company has a market cap of $231.01 million, a price-to-earnings ratio of -2.95 and a beta of 1.46. The business has a fifty day simple moving average of $3.51 and a 200-day simple moving average of $3.50.

Comstock (NYSEAMERICAN:LODE) last issued its quarterly earnings results on Thursday, July 23rd. The company reported ($0.34) earnings per share for the quarter. The company had revenue of $0.27 million during the quarter. Comstock had a negative return on equity of 30.98% and a negative net margin of 6,016.37%. Sell-side analysts predict that Comstock Inc. will post -0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, UBS Group restated a “reduce” rating on shares of Comstock in a research report on Monday, June 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Comstock currently has a consensus rating of “Reduce”.

Insider Activity at Comstock

In other news, Director Steven Yu-Tsung Pei bought 150,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of $4.10 per share, with a total value of $615,000.00. Following the completion of the transaction, the director directly owned 1,868,323 shares in the company, valued at approximately $7,660,124.30. The trade was a 8.73% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by insiders.

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.