The OLB Group (OLB) Set to Announce Earnings on Wednesday

The OLB Group (NASDAQ:OLB) is set to announce its earnings results on Wednesday, April 3rd.

The OLB Group Stock Performance

OLB traded down $0.00 on Tuesday, reaching $0.59. The company had a trading volume of 37,289 shares, compared to its average volume of 48,695. The OLB Group has a 52-week low of $0.53 and a 52-week high of $1.17. The business has a 50 day simple moving average of $0.72 and a 200 day simple moving average of $0.73. The company has a market cap of $9.05 million, a price-to-earnings ratio of -1.31 and a beta of 2.46.

Insider Transactions at The OLB Group

In other The OLB Group news, CEO Ronny Yakov acquired 784,212 shares of The OLB Group stock in a transaction that occurred on Tuesday, January 16th. The stock was bought at an average cost of $0.77 per share, for a total transaction of $603,843.24. Following the acquisition, the chief executive officer now owns 5,409,701 shares of the company’s stock, valued at $4,165,469.77. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other The OLB Group news, VP Patrick G. Smith acquired 392,106 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were bought at an average price of $0.77 per share, with a total value of $301,921.62. Following the transaction, the vice president now directly owns 642,929 shares of the company’s stock, valued at approximately $495,055.33. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ronny Yakov purchased 784,212 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were purchased at an average cost of $0.77 per share, for a total transaction of $603,843.24. Following the transaction, the chief executive officer now directly owns 5,409,701 shares in the company, valued at approximately $4,165,469.77. The disclosure for this purchase can be found here. Company insiders own 36.10% of the company’s stock.

Institutional Investors Weigh In On The OLB Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OLB. Dimensional Fund Advisors LP purchased a new position in shares of The OLB Group in the first quarter worth about $35,000. State Street Corp purchased a new position in shares of The OLB Group in the first quarter worth about $48,000. Two Sigma Investments LP purchased a new position in shares of The OLB Group in the third quarter worth about $31,000. Citadel Advisors LLC acquired a new stake in The OLB Group during the fourth quarter worth about $37,000. Finally, Renaissance Technologies LLC acquired a new stake in The OLB Group during the first quarter worth about $42,000. 3.84% of the stock is currently owned by hedge funds and other institutional investors.

The OLB Group Company Profile

The OLB Group, Inc is a diversified fintech e-commerce merchant services provider and Bitcoin crypto mining enterprise. The Company’s eCommerce platform delivers e-commerce services for a digital commerce solution to over 10,500 merchants in all 50 states. The Company’s wholly owned subsidiary, DMINT, Inc, is engaged in the mining of Bitcoin utilizing low carbon natural gas with over 1,000 application-specific integrated circuit (ASIC)-based S19j Pro 96T mining computers.