Northern Trust Corp Purchases 282,266 Shares of Comstock Inc. (NYSE:LODE)

Northern Trust Corp increased its stake in shares of Comstock Inc. (NYSE:LODE - Free Report) by 180.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 438,743 shares of the company's stock after purchasing an additional 282,266 shares during the period. Northern Trust Corp owned approximately 0.19% of Comstock worth $351,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in LODE. Kingswood Wealth Advisors LLC grew its position in Comstock by 1,250.0% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 270,000 shares of the company's stock valued at $216,000 after buying an additional 250,000 shares during the period. Quadrant Private Wealth Management LLC grew its position in Comstock by 45.0% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 725,000 shares of the company's stock valued at $580,000 after buying an additional 225,000 shares during the period. Geode Capital Management LLC grew its position in Comstock by 21.1% during the fourth quarter. Geode Capital Management LLC now owns 1,942,689 shares of the company's stock valued at $1,556,000 after buying an additional 338,538 shares during the period. Mariner LLC bought a new stake in Comstock during the fourth quarter valued at approximately $441,000. Finally, XTX Topco Ltd grew its position in Comstock by 43.9% during the fourth quarter. XTX Topco Ltd now owns 108,408 shares of the company's stock valued at $87,000 after buying an additional 33,095 shares during the period. 7.96% of the stock is owned by hedge funds and other institutional investors.

Comstock Price Performance

Shares of LODE traded down $0.08 during mid-day trading on Thursday, reaching $3.20. The stock had a trading volume of 246,848 shares, compared to its average volume of 592,010. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.45 and a current ratio of 2.45. The business has a fifty day moving average of $2.44 and a 200 day moving average of $3.27. Comstock Inc. has a 12 month low of $1.26 and a 12 month high of $10.10. The firm has a market cap of $86.09 million, a price-to-earnings ratio of -26.66 and a beta of 1.50.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Comstock to a "sell" rating in a research report on Wednesday, March 12th.

About Comstock

Comstock Inc engages in the systemic decarbonization business in Nevada and internationally. It operates through Renewable Energy, Mining, and Strategic and Other Investments segments. It will develop technology for the deploying of extraction and refining facilities that convert wasted and unused biomass and other natural resources; and a demonstration system to extract black mass containing lithium, graphite, nickel, cobalt, manganese, copper, aluminum, and other metals from up to lithium-ion batteries.