UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Contango ORE, Inc. (NYSEAMERICAN:CTGO – Free Report) by 28,023.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,339 shares of the company’s stock after buying an additional 95,000 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Contango ORE were worth $1,505,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in CTGO. Quarry LP bought a new stake in Contango ORE in the third quarter valued at about $38,000. Tower Research Capital LLC TRC lifted its stake in Contango ORE by 141.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,264 shares of the company’s stock worth $44,000 after purchasing an additional 1,327 shares during the period. Federated Hermes Inc. grew its stake in shares of Contango ORE by 435.2% in the 4th quarter. Federated Hermes Inc. now owns 1,884 shares of the company’s stock valued at $50,000 after purchasing an additional 1,532 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Contango ORE during the 4th quarter worth approximately $51,000. Finally, Strs Ohio grew its holdings in shares of Contango ORE by 154.5% in the 1st quarter. Strs Ohio now owns 2,800 shares of the company’s stock worth $52,000 after purchasing an additional 1,700 shares during the last quarter. 19.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Contango ORE
In other Contango ORE news, CEO Nieuwenhuyse Rick Van bought 4,111 shares of the stock in a transaction dated Thursday, June 25th. The stock was bought at an average cost of $15.24 per share, for a total transaction of $62,651.64. Following the completion of the purchase, the chief executive officer owned 555,251 shares in the company, valued at $8,462,025.24. This represents a 0.75% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Aaron Clark sold 1,289 shares of Contango ORE stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.94, for a total value of $26,991.66. Following the completion of the transaction, the chief financial officer directly owned 54,709 shares of the company’s stock, valued at $1,145,606.46. This represents a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.40% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Analysis on Contango ORE
Contango ORE Stock Down 3.0%
NYSEAMERICAN CTGO opened at $18.31 on Friday. The firm has a market cap of $613.38 million, a PE ratio of -6.23 and a beta of 0.04. Contango ORE, Inc. has a one year low of $14.50 and a one year high of $34.38. The stock’s 50 day simple moving average is $18.12 and its 200 day simple moving average is $20.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.06 and a quick ratio of 1.06.
Contango ORE (NYSEAMERICAN:CTGO – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.18. As a group, sell-side analysts forecast that Contango ORE, Inc. will post 0.4 earnings per share for the current fiscal year.
About Contango ORE
Contango ORE Royalty Trust (NYSE American: CTGO) is a grantor royalty trust that holds net overriding royalty interests in oil and gas properties. As a non‐operating entity, the trust itself does not engage in exploration, drilling or production activities but instead receives a percentage of revenues generated by producing wells. This structure offers investors exposure to commodity price movements and production volumes without the direct capital expenditure or operational risks associated with upstream oil and gas companies.
The trust’s assets consist primarily of royalty interests in offshore leases located on the continental shelf of the Gulf of Mexico.
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