Situational Awareness LP Invests $151.83 Million in Keel Infrastructure $KEEL

Situational Awareness LP acquired a new stake in shares of Keel Infrastructure (NASDAQ:KEEL) during the second quarter, Holdings Channel reports. The firm acquired 26,451,393 shares of the company’s stock, valued at approximately $151,831,000. Keel Infrastructure accounts for approximately 0.8% of Situational Awareness LP’s holdings, making the stock its 13th largest position.

A number of other large investors have also bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in shares of Keel Infrastructure in the second quarter valued at $9,989,000. Round Rock Advisors LLC acquired a new stake in Keel Infrastructure during the 2nd quarter worth $1,425,000. Susquehanna Advisors Group Inc. bought a new stake in Keel Infrastructure in the second quarter valued at about $1,333,000. Van ECK Associates Corp acquired a new stake in shares of Keel Infrastructure in the 2nd quarter valued at approximately $1,217,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Keel Infrastructure in the second quarter worth $817,000. 20.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Keel Infrastructure news, COO Liam Wilson bought 30,769 shares of Keel Infrastructure stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of $3.25 per share, with a total value of $99,999.25. Following the acquisition, the chief operating officer directly owned 100,978 shares of the company’s stock, valued at $328,178.50. The trade was a 43.82% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Benjamin Gagnon acquired 58,888 shares of Keel Infrastructure stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of $3.33 per share, for a total transaction of $196,097.04. Following the purchase, the chief executive officer owned 1,347,736 shares of the company’s stock, valued at $4,487,960.88. The trade was a 4.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 128,545 shares of company stock valued at $425,593 over the last quarter. 9.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KEEL. Weiss Ratings reiterated a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Monday, July 13th. BTIG Research initiated coverage on Keel Infrastructure in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 target price on the stock. Lake Street Capital set a $5.50 price target on shares of Keel Infrastructure in a research report on Monday, May 11th. HC Wainwright lifted their target price on Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Chardan Capital reiterated a “buy” rating and issued a $5.50 price target on shares of Keel Infrastructure in a research note on Monday, June 8th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Keel Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.25.

Keel Infrastructure Price Performance

Shares of KEEL opened at $3.35 on Friday. The company has a current ratio of 16.26, a quick ratio of 16.10 and a debt-to-equity ratio of 3.11. Keel Infrastructure has a one year low of $1.23 and a one year high of $7.37. The firm has a market capitalization of $2.07 billion, a P/E ratio of -11.17 and a beta of 4.06. The company’s 50 day moving average price is $4.03.

Keel Infrastructure (NASDAQ:KEEL) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $30.43 million for the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%.During the same period in the prior year, the company posted ($0.05) EPS. On average, analysts expect that Keel Infrastructure will post -0.43 earnings per share for the current fiscal year.

Keel Infrastructure Company Profile

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