The Manufacturers Life Insurance Company Makes New Investment in Keel Infrastructure $KEEL

The Manufacturers Life Insurance Company bought a new stake in shares of Keel Infrastructure (NASDAQ:KEEL) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 195,666 shares of the company’s stock, valued at approximately $1,123,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Situational Awareness LP purchased a new position in shares of Keel Infrastructure during the second quarter valued at $151,831,000. Bank of New York Mellon Corp purchased a new stake in Keel Infrastructure in the 2nd quarter worth about $9,989,000. Tidal Investments LLC acquired a new stake in Keel Infrastructure during the 2nd quarter worth about $3,213,000. FirstWave Capital Management LLC purchased a new position in Keel Infrastructure during the 2nd quarter valued at about $1,478,000. Finally, Round Rock Advisors LLC purchased a new position in Keel Infrastructure during the 2nd quarter valued at about $1,425,000. Institutional investors and hedge funds own 20.59% of the company’s stock.

Insiders Place Their Bets

In other news, COO Liam Wilson purchased 30,769 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was bought at an average cost of $3.25 per share, for a total transaction of $99,999.25. Following the completion of the acquisition, the chief operating officer directly owned 100,978 shares of the company’s stock, valued at approximately $328,178.50. The trade was a 43.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Benjamin Gagnon purchased 58,888 shares of the stock in a transaction dated 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 completion of the transaction, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 128,545 shares of company stock valued at $425,593. Company insiders own 9.50% of the company’s stock.

Keel Infrastructure Trading Down 3.4%

Shares of Keel Infrastructure stock opened at $3.45 on Tuesday. The business has a fifty day moving average price of $3.79. The company has a debt-to-equity ratio of 3.11, a current ratio of 16.26 and a quick ratio of 16.10. Keel Infrastructure has a 1-year low of $1.68 and a 1-year high of $7.37. The firm has a market capitalization of $2.13 billion, a PE ratio of -11.50 and a beta of 4.06.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Monday, July 13th. BTIG Research initiated coverage on shares of Keel Infrastructure in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 target price for the company. Citigroup restated a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. Chardan Capital reiterated a “buy” rating and set a $5.50 price objective on shares of Keel Infrastructure in a report on Monday, June 8th. Finally, Citizens Jmp began coverage on Keel Infrastructure in a research report on Wednesday, June 24th. They set an “outperform” rating and a $10.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Keel Infrastructure currently has an average rating of “Moderate Buy” and a consensus price target of $6.25.

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.