IndexIQ Advisors LLC raised its holdings in shares of Trifecta Gold Ltd (NYSE:TG) by 83.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,387 shares of the company’s stock after buying an additional 22,418 shares during the period. IndexIQ Advisors LLC owned about 0.15% of Trifecta Gold worth $889,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in TG. Gamco Investors INC. ET AL lifted its position in Trifecta Gold by 6.3% during the second quarter. Gamco Investors INC. ET AL now owns 4,851,213 shares of the company’s stock valued at $73,981,000 after buying an additional 286,897 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Trifecta Gold by 7.3% during the second quarter. Vanguard Group Inc. now owns 2,622,458 shares of the company’s stock valued at $39,992,000 after purchasing an additional 177,637 shares during the period. Teton Advisors Inc. raised its stake in shares of Trifecta Gold by 32.8% during the second quarter. Teton Advisors Inc. now owns 507,600 shares of the company’s stock valued at $7,741,000 after purchasing an additional 125,340 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Trifecta Gold by 292.8% during the second quarter. JPMorgan Chase & Co. now owns 64,683 shares of the company’s stock valued at $986,000 after purchasing an additional 48,216 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Trifecta Gold by 6.7% during the second quarter. Northern Trust Corp now owns 353,174 shares of the company’s stock valued at $5,386,000 after purchasing an additional 22,028 shares during the period.
In related news, major shareholder Gamco Investors, Inc. Et Al sold 1,500 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of C$18.25, for a total value of C$27,375.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have bought 38,000 shares of company stock valued at $5,700.
Trifecta Gold Ltd (TG) opened at C$18.55 on Friday. Trifecta Gold Ltd has a 1-year low of C$14.65 and a 1-year high of C$25.60.
Trifecta Gold (NYSE:TG) last announced its quarterly earnings results on Tuesday, October 31st. The company reported C$0.28 earnings per share (EPS) for the quarter. Trifecta Gold had a net margin of 15.67% and a return on equity of 52.28%. The company had revenue of C$247.16 million during the quarter.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, December 14th.
TG has been the topic of a number of analyst reports. TheStreet upgraded shares of Trifecta Gold from a “c+” rating to a “b-” rating in a research note on Friday, August 25th. BidaskClub upgraded shares of Trifecta Gold from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th.
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Trifecta Gold Profile
Tredegar Corporation is engaged in the manufacture of polyethylene plastic films, polyester films and aluminum extrusions. The Company’s segments are PE Films, Flexible Packaging Films and Aluminum Extrusions. The PE Films segment manufactures plastic films, elastics and laminate materials utilized in personal care materials, surface protection films and specialty and optical lighting applications.
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