Crawford Fund Management LLC Boosts Stock Position in Seabridge Gold Inc. (NYSE:SA)

Crawford Fund Management LLC increased its stake in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 50.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,089 shares of the basic materials company’s stock after purchasing an additional 106,500 shares during the quarter. Seabridge Gold makes up approximately 1.1% of Crawford Fund Management LLC’s holdings, making the stock its 13th largest holding. Crawford Fund Management LLC owned 0.35% of Seabridge Gold worth $5,325,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SA. CANADA LIFE ASSURANCE Co increased its position in Seabridge Gold by 327.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 27,109 shares of the basic materials company’s stock worth $401,000 after purchasing an additional 20,763 shares in the last quarter. Virtu Financial LLC purchased a new stake in Seabridge Gold in the 1st quarter valued at about $191,000. Confluence Investment Management LLC grew its holdings in Seabridge Gold by 3.4% in the 2nd quarter. Confluence Investment Management LLC now owns 38,662 shares of the basic materials company’s stock valued at $529,000 after buying an additional 1,285 shares during the period. Mather Group LLC. purchased a new stake in Seabridge Gold in the 2nd quarter valued at about $40,000. Finally, Simplicity Wealth LLC grew its holdings in Seabridge Gold by 1.2% in the 2nd quarter. Simplicity Wealth LLC now owns 164,086 shares of the basic materials company’s stock valued at $2,246,000 after buying an additional 1,883 shares during the period. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Seabridge Gold Stock Performance

SA opened at $14.34 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.28 and a current ratio of 2.28. The business has a 50-day moving average of $16.83 and a two-hundred day moving average of $16.05. Seabridge Gold Inc. has a 12 month low of $9.31 and a 12 month high of $20.55.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Seabridge Gold to a “sell” rating in a report on Monday, August 19th.

About Seabridge Gold

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.