257,503 Shares in Keel Infrastructure $KEEL Acquired by FirstWave Capital Management LLC

FirstWave Capital Management LLC bought a new position in Keel Infrastructure (NASDAQ:KEEL) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 257,503 shares of the company’s stock, valued at approximately $1,478,000.

Several other large investors have also recently bought and sold shares of KEEL. Bank of New York Mellon Corp bought a new position in shares of Keel Infrastructure in the second quarter worth $9,989,000. Compass Financial Management LLC bought a new stake in Keel Infrastructure during the second quarter valued at $348,000. Public Employees Retirement System of Ohio purchased a new position in Keel Infrastructure during the second quarter worth about $817,000. Van ECK Associates Corp purchased a new position in Keel Infrastructure during the second quarter worth about $1,217,000. Finally, Susquehanna Advisors Group Inc. bought a new position in Keel Infrastructure in the 2nd quarter worth about $1,333,000. 20.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KEEL has been the topic of a number of recent analyst reports. Chardan Capital reaffirmed a “buy” rating and issued a $5.50 target price on shares of Keel Infrastructure in a research note on Monday, June 8th. Alliance Global Partners reaffirmed a “buy” rating on shares of Keel Infrastructure in a report on Monday, May 11th. HC Wainwright upped their target price on shares of Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research report on Monday, May 11th. BTIG Research initiated coverage on Keel Infrastructure in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 target price on the stock. Finally, Lake Street Capital set a $5.50 price target on Keel Infrastructure in a research report on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Keel Infrastructure presently has an average rating of “Moderate Buy” and a consensus price target of $6.25.

Insider Buying and Selling at Keel Infrastructure

In other Keel Infrastructure news, CEO Benjamin Gagnon acquired 38,888 shares of the company’s stock in a transaction on Friday, August 21st. The stock was acquired at an average price 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 in the company, valued at $4,617,457.92. This represents a 2.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Liam Wilson purchased 30,769 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average price of $3.25 per share, for a total transaction of $99,999.25. Following the acquisition, the chief operating officer owned 100,978 shares of the company’s stock, valued at $328,178.50. This represents a 43.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 128,545 shares of company stock valued at $425,593 in the last three months. 9.50% of the stock is currently owned by corporate insiders.

Keel Infrastructure Price Performance

Shares of Keel Infrastructure stock opened at $3.47 on Friday. The company has a quick ratio of 16.10, a current ratio of 16.26 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 stock has a 50 day moving average of $3.98. The stock has a market cap of $2.14 billion, a PE ratio of -11.57 and a beta of 4.06.

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

Keel Infrastructure Company 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.