36,000 Shares in TeraWulf Inc. $WULF Purchased by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. acquired a new position in shares of TeraWulf Inc. (NASDAQ:WULF) in the second quarter, HoldingsChannel reports. The firm acquired 36,000 shares of the company’s stock, valued at approximately $158,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hodges Capital Management Inc. increased its position in TeraWulf by 17,747.4% during the 1st quarter. Hodges Capital Management Inc. now owns 3,569,479 shares of the company’s stock worth $9,745,000 after purchasing an additional 3,549,479 shares in the last quarter. Nuveen LLC purchased a new stake in TeraWulf during the 1st quarter worth about $1,770,000. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in TeraWulf during the 1st quarter worth about $263,000. Quantbot Technologies LP purchased a new stake in TeraWulf during the 1st quarter worth about $3,702,000. Finally, Harbour Capital Advisors LLC purchased a new stake in TeraWulf during the 2nd quarter worth about $470,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Analyst Upgrades and Downgrades

WULF has been the subject of a number of recent research reports. Cantor Fitzgerald lifted their price objective on TeraWulf from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. Compass Point assumed coverage on TeraWulf in a report on Monday, September 15th. They issued a “buy” rating for the company. Citigroup restated a “market outperform” rating on shares of TeraWulf in a report on Tuesday. B. Riley restated a “buy” rating on shares of TeraWulf in a report on Wednesday. Finally, UBS Group set a $18.25 price target on TeraWulf in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.35.

TeraWulf Stock Performance

NASDAQ WULF opened at $13.71 on Friday. The firm has a market capitalization of $5.59 billion, a P/E ratio of -39.17 and a beta of 3.44. TeraWulf Inc. has a 1-year low of $2.06 and a 1-year high of $16.19. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.66 and a quick ratio of 0.66. The business’s 50-day simple moving average is $11.21 and its 200-day simple moving average is $6.59.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings data on Friday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $47.64 million during the quarter, compared to analyst estimates of $46.30 million. TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The business’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) earnings per share. Equities analysts predict that TeraWulf Inc. will post -0.17 EPS for the current year.

Insider Buying and Selling at TeraWulf

In other news, Director Amanda Fabiano sold 4,600 shares of TeraWulf stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $8.64, for a total value of $39,744.00. Following the transaction, the director directly owned 40,769 shares of the company’s stock, valued at $352,244.16. The trade was a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 19.90% of the stock is owned by corporate insiders.

About TeraWulf

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.