Summit Financial LLC Has $1.93 Million Stock Position in Seabridge Gold Inc. (NYSE:SA)

Summit Financial LLC lowered its position in shares of Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 32.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 169,500 shares of the basic materials company's stock after selling 81,500 shares during the period. Summit Financial LLC owned 0.18% of Seabridge Gold worth $1,934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SA. R Squared Ltd bought a new position in shares of Seabridge Gold during the fourth quarter worth approximately $28,000. Lee Danner & Bass Inc. acquired a new position in Seabridge Gold in the 4th quarter valued at $70,000. HighTower Advisors LLC bought a new stake in shares of Seabridge Gold during the 4th quarter valued at $118,000. Avantax Advisory Services Inc. grew its holdings in shares of Seabridge Gold by 6.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 14,672 shares of the basic materials company's stock worth $167,000 after purchasing an additional 850 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of Seabridge Gold by 18.2% in the fourth quarter. Bleakley Financial Group LLC now owns 18,732 shares of the basic materials company's stock worth $214,000 after purchasing an additional 2,880 shares during the period. 34.85% of the stock is owned by institutional investors and hedge funds.

Seabridge Gold Price Performance

SA traded down $1.08 on Friday, hitting $10.01. 1,130,341 shares of the stock were exchanged, compared to its average volume of 614,871. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -40.02 and a beta of 1.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 2.28. Seabridge Gold Inc. has a 12 month low of $9.90 and a 12 month high of $20.55. The business has a 50-day moving average of $11.74 and a two-hundred day moving average of $13.77.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last issued its quarterly earnings results on Thursday, March 27th. The basic materials company reported ($0.32) earnings per share for the quarter.

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.