Crescat Portfolio Management LLC, an investment management firm based in Denver, Colorado, has recently increased its stake in Timberline Resources Corp (OTCMKTS:TLRS), a company specializing in gold and silver ores. The transaction involved the acquisition of 34,743 shares of common stock at no cost on October 3, 2023, as reported in a recent SEC filing.
This acquisition is notable as it reflects Crescat Portfolio Management's ongoing investment strategy and its confidence in Timberline Resources. Following this transaction, Crescat Portfolio Management's holdings in Timberline Resources have grown to a total of 92,850 shares held indirectly through Crescat Institutional Macro Master Fund Ltd.
Timberline Resources, incorporated in Delaware and operating with a fiscal year ending in September, is known for its involvement in the energy and transportation sectors, with a business address in Coeur d'Alene, Idaho.
The filing also disclosed additional holdings by Crescat Portfolio Management across various funds, including Crescat Global Macro Master Fund Ltd., Crescat Precious Metals Master Fund Ltd., Crescat Institutional Commodity Master Fund Ltd., Crescat Long/Short Master Fund Ltd., as well as shares held by the Kevin and Linda Smith Living Trust and Kevin C. Smith personally.
The recent acquisition by Crescat Portfolio Management aligns with its position as a ten percent owner of Timberline Resources, indicating a significant level of investment in the company. The transaction was signed off by Kevin Smith on March 15, 2024.
Investors and market watchers often look to such filings for insights into the strategies of major investment firms and their views on the companies in their portfolios. Crescat Portfolio Management's increased stake in Timberline Resources could be seen as a positive sign for the company's outlook and potential growth.
InvestingPro Insights
Timberline Resources Corp (OTCMKTS:TLRS), the focus of recent investment interest from Crescat Portfolio Management LLC, presents a mixed financial picture according to data from InvestingPro. With a market capitalization of just 7.85 million USD, Timberline Resources is a small-cap company that investors might consider for their portfolios. Despite its small size, the company holds more cash than debt, suggesting a solid liquidity position that could weather financial uncertainties.
However, Timberline Resources faces challenges, as highlighted by the InvestingPro Tips. The company is not profitable over the last twelve months, with a negative P/E ratio of -4.59 and an adjusted P/E ratio for the last twelve months as of Q1 2024 at -4.96. This indicates that the company has been earning negative profits relative to its share price. Moreover, the stock has experienced significant volatility, with a 1 Year Price Total Return as of 2024 at a steep -56.28%, reflecting the market's shaky confidence in its performance.
For investors seeking detailed analytics and more InvestingPro Tips, such as the company's cash burn rate and its weak gross profit margins, they can find additional insights on InvestingPro. In total, there are 7 additional tips available for Timberline Resources, which can be accessed at Investing.com/pro/TLRS. For those considering an in-depth analysis, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
Finally, it's worth noting that the InvestingPro Fair Value metric suggests a fair value estimate for Timberline Resources at 0.06 USD, which is higher than its previous close price of 0.04 USD. This could imply potential undervaluation, presenting an opportunity for investors who believe in the company's long-term prospects despite its current challenges.
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