Van Den Berg Management I Inc. Sells 73,791 Shares of Seabridge Gold, Inc. (SA)
Van Den Berg Management I Inc. trimmed its holdings in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,981,813 shares of the basic materials company’s stock after selling 73,791 shares during the period. Seabridge Gold makes up 2.7% of Van Den Berg Management I Inc.’s investment portfolio, making the stock its 13th biggest holding. Van Den Berg Management I Inc. owned approximately 3.45% of Seabridge Gold worth $24,178,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in SA. UBS Group AG grew its position in shares of Seabridge Gold by 14.9% during the 1st quarter. UBS Group AG now owns 11,978 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 1,553 shares in the last quarter. Timber Hill LLC purchased a new position in shares of Seabridge Gold during the 3rd quarter valued at $194,000. Quantitative Investment Management LLC purchased a new position in shares of Seabridge Gold during the 2nd quarter valued at $219,000. Royal Bank of Canada grew its position in shares of Seabridge Gold by 36.4% during the 2nd quarter. Royal Bank of Canada now owns 34,146 shares of the basic materials company’s stock valued at $368,000 after purchasing an additional 9,121 shares in the last quarter. Finally, U S Global Investors Inc. purchased a new position in shares of Seabridge Gold during the 2nd quarter valued at $519,000. Institutional investors and hedge funds own 27.58% of the company’s stock.
In related news, insider Iii Lloyd I. Miller acquired 92,000 shares of the company’s stock in a transaction dated Friday, October 6th. The stock was bought at an average cost of $0.58 per share, with a total value of $53,360.00. Also, insider Iii Lloyd I. Miller acquired 43,500 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were bought at an average cost of $0.58 per share, with a total value of $25,230.00. Insiders have bought a total of 208,250 shares of company stock valued at $121,135 over the last ninety days. 12.75% of the stock is currently owned by insiders.
Seabridge Gold, Inc. (SA) traded up $0.15 during midday trading on Friday, hitting $10.90. 319,551 shares of the stock were exchanged, compared to its average volume of 584,361. Seabridge Gold, Inc. has a 52 week low of $7.35 and a 52 week high of $13.70.
Separately, ValuEngine upgraded shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th.
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Seabridge Gold Profile
Seabridge Gold Inc (Seabridge) is a development-stage company. The Company is engaged in the acquisition and exploration of gold properties located in North America. As of December 31, 2016, the Company owned six properties with gold resources. Its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.
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