Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Hycroft Mining Holding Corporation (NASDAQ:HYMC)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Hycroft Mining Holding Corporation (NASDAQ:HYMC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 42,000 shares of the company’s stock, valued at approximately $136,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.17% of Hycroft Mining at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HYMC. Tidal Investments LLC purchased a new position in shares of Hycroft Mining during the fourth quarter worth about $1,919,000. Northern Trust Corp grew its holdings in shares of Hycroft Mining by 55.8% during the fourth quarter. Northern Trust Corp now owns 42,241 shares of the company’s stock worth $93,000 after purchasing an additional 15,124 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Hycroft Mining by 14.8% during the fourth quarter. Renaissance Technologies LLC now owns 86,679 shares of the company’s stock worth $192,000 after purchasing an additional 11,200 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Hycroft Mining by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 204,018 shares of the company’s stock worth $451,000 after purchasing an additional 6,429 shares during the last quarter. 7.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hycroft Mining

In related news, major shareholder Eric Sprott purchased 6,350,000 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The shares were purchased at an average price of $3.50 per share, for a total transaction of $22,225,000.00. Following the transaction, the insider directly owned 8,190,824 shares of the company’s stock, valued at approximately $28,667,884. The trade was a 344.95% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 47,906 shares of company stock valued at $149,078. Insiders own 1.21% of the company’s stock.

Hycroft Mining Stock Performance

Shares of HYMC stock opened at $3.72 on Wednesday. The stock’s 50-day moving average is $3.51 and its two-hundred day moving average is $3.09. The firm has a market cap of $92.93 million, a price-to-earnings ratio of -1.87 and a beta of 2.10. Hycroft Mining Holding Corporation has a 1 year low of $1.95 and a 1 year high of $4.70.

Hycroft Mining (NASDAQ:HYMC) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.04).

About Hycroft Mining

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.