Round Rock Advisors LLC Invests $1.43 Million in Keel Infrastructure $KEEL

Round Rock Advisors LLC bought a new stake in Keel Infrastructure (NASDAQ:KEEL) during the second quarter, HoldingsChannel reports. The fund bought 248,247 shares of the company’s stock, valued at approximately $1,425,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Susquehanna Advisors Group Inc. purchased a new position in Keel Infrastructure during the 2nd quarter worth approximately $1,333,000. Van ECK Associates Corp purchased a new stake in shares of Keel Infrastructure in the 2nd quarter valued at $1,217,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Keel Infrastructure in the 2nd quarter valued at $817,000. Compass Financial Management LLC acquired a new stake in shares of Keel Infrastructure in the second quarter worth $348,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Keel Infrastructure in the second quarter worth $9,989,000. Institutional investors and hedge funds own 20.59% of the company’s stock.

Analysts Set New Price Targets

KEEL has been the subject of several recent research reports. HC Wainwright raised their target price on shares of Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a report on Monday, May 11th. Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a research report on Monday, August 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Keel Infrastructure in a report on Monday, July 13th. Citizens Jmp started coverage on Keel Infrastructure in a research note on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 target price on the stock. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Keel Infrastructure in a report on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Keel Infrastructure currently has an average rating of “Moderate Buy” and an average price target of $6.25.

Keel Infrastructure Stock Up 1.3%

Keel Infrastructure stock opened at $3.11 on Thursday. Keel Infrastructure has a 52-week low of $1.23 and a 52-week high of $7.37. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -10.37 and a beta of 4.06. The company has a debt-to-equity ratio of 3.11, a current ratio of 16.26 and a quick ratio of 16.10. The business’s fifty day simple moving average is $4.08.

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

Insider Activity

In other Keel Infrastructure news, COO Liam Daniel Wilson acquired 30,769 shares of the stock in a transaction dated Thursday, August 20th. The stock was acquired at an average cost of $3.25 per share, with a total value of $99,999.25. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Benjamin Gagnon acquired 38,888 shares of the business’s stock in a transaction on Friday, August 21st. The shares were bought at an average cost of $3.33 per share, for a total transaction of $129,497.04. Following the acquisition, the chief executive officer owned 1,386,624 shares of the company’s stock, valued at $4,617,457.92. This represents a 2.89% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 128,545 shares of company stock worth $425,593 in the last three months. Corporate insiders own 9.50% of the company’s stock.

Keel Infrastructure Profile

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.