Clear Harbor Asset Management LLC Makes New $141,000 Investment in Hycroft Mining Holding Corporation $HYMC

Key Points

• Clear Harbor Asset Management LLC made a new investment in Hycroft Mining Holding Corporation, acquiring 45,000 shares valued at approximately $141,000.
• Major shareholder Eric Sprott significantly increased his ownership by purchasing over 9 million shares, raising his total stake to approximately $75 million.
• As of the latest filings, institutional investors own 7.38% of Hycroft Mining's stock, with Jane Street Group LLC and others also making recent investments.

Clear Harbor Asset Management LLC acquired a new stake in Hycroft Mining Holding Corporation (NASDAQ:HYMC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 45,000 shares of the company's stock, valued at approximately $141,000. Clear Harbor Asset Management LLC owned approximately 0.18% of Hycroft Mining as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in Hycroft Mining in the first quarter valued at about $124,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Hycroft Mining during the first quarter valued at approximately $136,000. Northern Trust Corp grew its stake in shares of Hycroft Mining by 55.8% in the 4th quarter. Northern Trust Corp now owns 42,241 shares of the company's stock valued at $93,000 after purchasing an additional 15,124 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hycroft Mining by 11.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 459,896 shares of the company's stock worth $1,490,000 after buying an additional 47,385 shares in the last quarter. 7.38% of the stock is owned by institutional investors.

Hycroft Mining Price Performance

Hycroft Mining stock opened at $6.32 on Wednesday. The business has a 50 day simple moving average of $4.47 and a 200 day simple moving average of $3.67. The company has a market capitalization of $247.49 million, a PE ratio of -3.18 and a beta of 2.36. Hycroft Mining Holding Corporation has a one year low of $1.99 and a one year high of $7.18.

Insiders Place Their Bets

In other news, major shareholder Eric Sprott bought 9,344,704 shares of Hycroft Mining stock in a transaction dated Wednesday, September 10th. The shares were bought at an average price of $4.28 per share, for a total transaction of $39,995,333.12. Following the purchase, the insider owned 17,535,528 shares of the company's stock, valued at approximately $75,052,059.84. This trade represents a 114.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Rebecca Jennings sold 30,084 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $6.57, for a total transaction of $197,651.88. Following the sale, the senior vice president owned 100,024 shares of the company's stock, valued at $657,157.68. This trade represents a 23.12% decrease in their position. The disclosure for this sale can be found here. 1.21% of the stock is currently owned by company insiders.

Hycroft Mining Profile

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.

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