Trek Financial LLC Has $1.58 Million Position in Platinum Group Metals Ltd. (NYSE:PLG)

Trek Financial LLC lifted its position in shares of Platinum Group Metals Ltd. (NYSE:PLG - Free Report) by 32.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,273,113 shares of the company's stock after acquiring an additional 312,333 shares during the quarter. Trek Financial LLC owned approximately 1.22% of Platinum Group Metals worth $1,579,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vivaldi Capital Management LP acquired a new stake in shares of Platinum Group Metals during the fourth quarter worth $30,000. XTX Topco Ltd grew its stake in shares of Platinum Group Metals by 57.5% during the fourth quarter. XTX Topco Ltd now owns 33,588 shares of the company's stock worth $43,000 after purchasing an additional 12,265 shares during the period. Brevan Howard Capital Management LP acquired a new stake in shares of Platinum Group Metals during the fourth quarter worth $63,000. Mountain Capital Investment Advisors Inc. grew its stake in shares of Platinum Group Metals by 90.6% during the fourth quarter. Mountain Capital Investment Advisors Inc. now owns 51,007 shares of the company's stock worth $68,000 after purchasing an additional 24,250 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Platinum Group Metals during the fourth quarter worth $98,000. Institutional investors own 16.33% of the company's stock.

Platinum Group Metals Stock Performance

NYSE:PLG traded up $0.11 on Friday, reaching $1.77. The company's stock had a trading volume of 1,536,717 shares, compared to its average volume of 680,229. Platinum Group Metals Ltd. has a 1-year low of $0.99 and a 1-year high of $2.27. The firm has a market cap of $197.11 million, a PE ratio of -29.50 and a beta of 1.71. The business's 50-day moving average price is $1.46 and its two-hundred day moving average price is $1.33.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Platinum Group Metals to a "sell" rating in a research note on Monday, April 14th.

Platinum Group Metals Profile

Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Bushveld Igneous Complex, South Africa.