Cerity Partners LLC Takes Position in The OLB Group, Inc. (NASDAQ:OLB)

Cerity Partners LLC bought a new position in shares of The OLB Group, Inc. (NASDAQ:OLB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $53,000. Cerity Partners LLC owned about 0.33% of The OLB Group at the end of the most recent quarter.

Separately, PNC Financial Services Group Inc. bought a new stake in The OLB Group during the 3rd quarter worth about $73,000. 3.84% of the stock is owned by hedge funds and other institutional investors.

The OLB Group Trading Down 5.8 %

The OLB Group stock opened at $0.45 on Wednesday. The company has a market cap of $8.12 million, a price-to-earnings ratio of -0.70 and a beta of 2.46. The firm has a 50-day moving average of $0.58 and a 200-day moving average of $0.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.25 and a quick ratio of 0.25. The OLB Group, Inc. has a one year low of $0.28 and a one year high of $1.17.

The OLB Group (NASDAQ:OLB) last issued its quarterly earnings results on Monday, April 15th. The company reported ($0.31) EPS for the quarter. The company had revenue of $5.91 million for the quarter. The OLB Group had a negative net margin of 75.81% and a negative return on equity of 87.04%.

The OLB Group Company Profile

The OLB Group, Inc is a diversified fintech e-commerce merchant services provider and Bitcoin crypto mining enterprise. The Company’s eCommerce platform delivers e-commerce services for a digital commerce solution to over 10,500 merchants in all 50 states. The Company’s wholly owned subsidiary, DMINT, Inc, is engaged in the mining of Bitcoin utilizing low carbon natural gas with over 1,000 application-specific integrated circuit (ASIC)-based S19j Pro 96T mining computers.