Tidal Investments LLC acquired a new stake in Keel Infrastructure (NASDAQ:KEEL – Free Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 559,744 shares of the company’s stock, valued at approximately $3,213,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Situational Awareness LP acquired a new position in Keel Infrastructure in the 2nd quarter worth $151,831,000. Bank of New York Mellon Corp acquired a new stake in shares of Keel Infrastructure in the 2nd quarter valued at about $9,989,000. FirstWave Capital Management LLC bought a new stake in shares of Keel Infrastructure in the second quarter valued at about $1,478,000. Round Rock Advisors LLC bought a new stake in shares of Keel Infrastructure in the second quarter valued at about $1,425,000. Finally, Susquehanna Advisors Group Inc. acquired a new position in shares of Keel Infrastructure during the second quarter worth about $1,333,000. 20.59% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, CEO Benjamin Gagnon acquired 58,888 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of $3.33 per share, with a total value of $196,097.04. Following the acquisition, the chief executive officer owned 1,347,736 shares in the company, valued at $4,487,960.88. This represents a 4.57% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Liam Wilson acquired 30,769 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average cost of $3.25 per share, with a total value of $99,999.25. Following the acquisition, the chief operating officer owned 100,978 shares in the company, valued at $328,178.50. The trade was a 43.82% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 128,545 shares of company stock valued at $425,593. Corporate insiders own 9.50% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on KEEL
Keel Infrastructure Price Performance
Keel Infrastructure stock opened at $3.28 on Wednesday. The firm has a market cap of $2.03 billion, a P/E ratio of -10.93 and a beta of 4.06. The business’s 50-day simple moving average is $3.77. The company has a debt-to-equity ratio of 3.11, a quick ratio of 16.10 and a current ratio of 16.26. Keel Infrastructure has a one year low of $1.68 and a one year high of $7.37.
Keel Infrastructure (NASDAQ:KEEL – Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. The company had revenue of $30.43 million during the quarter. During the same quarter in the prior year, the company posted ($0.05) earnings per share. As a group, sell-side analysts expect that Keel Infrastructure will post -0.43 earnings per share for the current year.
About Keel Infrastructure
Bitfarms Ltd. is a bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver operational performance and uptime. Bitfarms Ltd. is based in TORONTO, Ontario.
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