Vima LLC Makes New $118,000 Investment in Bit Digital, Inc. (NASDAQ:BTBT)

Vima LLC purchased a new position in shares of Bit Digital, Inc. (NASDAQ:BTBTFree Report) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 27,930 shares of the company’s stock, valued at approximately $118,000.

Several other large investors also recently made changes to their positions in the company. HBW Advisory Services LLC acquired a new stake in shares of Bit Digital in the 4th quarter valued at about $42,000. Gladstone Institutional Advisory LLC bought a new position in shares of Bit Digital during the 4th quarter worth approximately $42,000. Merit Financial Group LLC bought a new stake in shares of Bit Digital in the 4th quarter worth approximately $42,000. Tower Research Capital LLC TRC raised its holdings in shares of Bit Digital by 166.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 17,263 shares of the company’s stock worth $73,000 after purchasing an additional 10,788 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Bit Digital by 24.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,097 shares of the company’s stock worth $246,000 after purchasing an additional 11,278 shares during the period. 47.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $5.00 price target on shares of Bit Digital in a report on Friday, May 17th.

Get Our Latest Stock Analysis on Bit Digital

Bit Digital Stock Performance

Bit Digital stock traded down $0.12 during mid-day trading on Friday, reaching $2.67. The company’s stock had a trading volume of 5,684,590 shares, compared to its average volume of 7,337,649. Bit Digital, Inc. has a 12-month low of $1.76 and a 12-month high of $5.27. The company has a market capitalization of $220.22 million, a P/E ratio of 8.90 and a beta of 4.75. The firm’s fifty day moving average price is $2.34 and its two-hundred day moving average price is $2.73.

Bit Digital (NASDAQ:BTBTGet Free Report) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Bit Digital had a net margin of 57.44% and a return on equity of 0.30%. The business had revenue of $30.29 million during the quarter, compared to analyst estimates of $25.61 million. On average, research analysts predict that Bit Digital, Inc. will post 0.03 EPS for the current fiscal year.

Bit Digital Profile

(Free Report)

Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.

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Institutional Ownership by Quarter for Bit Digital (NASDAQ:BTBT)

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