Orchard Capital Management LLC Takes $2.23 Million Position in United States Antimony Co. $UAMY

Orchard Capital Management LLC purchased a new position in shares of United States Antimony Co. (NYSE:UAMY) in the second quarter, HoldingsChannel reports. The firm purchased 307,174 shares of the company’s stock, valued at approximately $2,230,000. United States Antimony accounts for 2.2% of Orchard Capital Management LLC’s portfolio, making the stock its 19th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UAMY. KBC Group NV purchased a new stake in United States Antimony in the 1st quarter valued at about $31,000. Raymond James Financial Inc. purchased a new position in United States Antimony during the second quarter worth about $33,000. Meeder Asset Management Inc. purchased a new position in United States Antimony during the fourth quarter worth about $35,000. Harbour Investments Inc. increased its position in shares of United States Antimony by 106.2% during the fourth quarter. Harbour Investments Inc. now owns 7,962 shares of the company’s stock valued at $40,000 after acquiring an additional 4,101 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of United States Antimony by 925.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,250 shares of the company’s stock valued at $51,000 after acquiring an additional 9,250 shares during the last quarter. 9.49% of the stock is owned by institutional investors and hedge funds.

United States Antimony Trading Up 4.2%

Shares of NYSE UAMY opened at $5.49 on Friday. United States Antimony Co. has a twelve month low of $4.14 and a twelve month high of $19.71. The stock has a fifty day simple moving average of $6.28 and a 200-day simple moving average of $8.11. The stock has a market capitalization of $821.68 million, a PE ratio of -42.23 and a beta of 0.39.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UAMY shares. HC Wainwright reduced their price target on shares of United States Antimony from $11.75 to $9.25 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of United States Antimony in a research report on Wednesday, June 17th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, United States Antimony has a consensus rating of “Moderate Buy” and an average target price of $10.12.

Insider Transactions at United States Antimony

In other news, Director Jon R. Marinelli bought 12,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of $7.45 per share, for a total transaction of $93,125.00. Following the acquisition, the director directly owned 12,500 shares of the company’s stock, valued at $93,125. The trade was a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.50% of the company’s stock.

United States Antimony Profile

United States Antimony Corporation is a specialized mining and chemical company focused primarily on the production and processing of antimony and antimony-based compounds. The company operates its own extraction and milling facilities to recover antimony metal and antimony trioxide, which serve as critical raw materials in industries such as flame retardants for plastics and textiles, catalysts for chemical processes, and additives for glass and ceramics. In addition to antimony, United States Antimony maintains smaller-scale gold and silver operations in Mexico that provide supplementary revenue streams and diversification of its mineral portfolio.

Founded in the mid-20th century, United States Antimony has evolved from a single?mine operator into a multinational enterprise with mining and processing sites in both the United States and Mexico.