Trek Financial LLC Decreases Stock Position in Platinum Group Metals Ltd. $PLG

Trek Financial LLC decreased its stake in shares of Platinum Group Metals Ltd. (NYSE:PLG) by 65.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 695,382 shares of the company’s stock after selling 1,307,784 shares during the quarter. Trek Financial LLC owned approximately 0.61% of Platinum Group Metals worth $1,843,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PLG. J.W. Cole Advisors Inc. boosted its stake in shares of Platinum Group Metals by 125.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 301,800 shares of the company’s stock valued at $462,000 after buying an additional 167,850 shares during the period. Marshall Wace LLP acquired a new stake in Platinum Group Metals in the second quarter valued at approximately $328,000. Jane Street Group LLC lifted its stake in Platinum Group Metals by 182.0% in the second quarter. Jane Street Group LLC now owns 105,718 shares of the company’s stock worth $162,000 after acquiring an additional 68,223 shares during the last quarter. XTX Topco Ltd acquired a new position in Platinum Group Metals during the 2nd quarter worth approximately $70,000. Finally, Apella Capital LLC grew its holdings in Platinum Group Metals by 44.3% during the 3rd quarter. Apella Capital LLC now owns 29,300 shares of the company’s stock worth $81,000 after acquiring an additional 9,000 shares in the last quarter. Institutional investors and hedge funds own 16.33% of the company’s stock.

Platinum Group Metals Trading Up 18.8%

Shares of PLG opened at $3.47 on Friday. Platinum Group Metals Ltd. has a twelve month low of $0.99 and a twelve month high of $3.49. The firm’s fifty day simple moving average is $2.50 and its 200-day simple moving average is $2.15. The firm has a market capitalization of $427.04 million, a price-to-earnings ratio of -57.83 and a beta of 1.19.

Platinum Group Metals Profile

Platinum Group Metals Ltd is a mineral exploration and development company focused on the discovery and advancement of platinum group metal (PGM) deposits. The company’s flagship asset is the Waterberg Joint Venture Project located in South Africa’s Bushveld Complex, one of the world’s premier PGM-producing regions. In addition to its Waterberg interests, Platinum Group Metals holds the Marathon PGM project near Thunder Bay, Ontario, which is being advanced towards feasibility on the strength of its high-grade PGM and gold mineralization.

Since its inception, the company has pursued a strategy of combining regional geological expertise with strategic partnerships to de-risk project development and enhance shareholder value.