Gregory A. Beard Sells 12,210 Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Stock

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) CEO Gregory A. Beard sold 12,210 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $3.71, for a total value of $45,299.10. Following the sale, the chief executive officer now owns 462,351 shares of the company’s stock, valued at $1,715,322.21. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Stronghold Digital Mining Stock Up 0.3 %

NASDAQ SDIG opened at $3.98 on Friday. Stronghold Digital Mining, Inc. has a 1-year low of $1.65 and a 1-year high of $6.70. The company has a quick ratio of 0.21, a current ratio of 0.27 and a debt-to-equity ratio of 1.73. The firm’s fifty day simple moving average is $4.64 and its 200-day simple moving average is $4.32.

Analyst Ratings Changes

Separately, B. Riley raised shares of Stronghold Digital Mining from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Anson Funds Management LP bought a new stake in shares of Stronghold Digital Mining in the 3rd quarter valued at approximately $2,466,000. Walleye Capital LLC acquired a new stake in Stronghold Digital Mining in the third quarter valued at approximately $1,022,000. K2 Principal Fund L.P. bought a new stake in Stronghold Digital Mining in the third quarter worth approximately $882,000. Thomist Capital Management LP bought a new stake in Stronghold Digital Mining in the second quarter worth approximately $485,000. Finally, Geode Capital Management LLC increased its stake in shares of Stronghold Digital Mining by 83.0% during the 3rd quarter. Geode Capital Management LLC now owns 168,124 shares of the company’s stock worth $849,000 after purchasing an additional 76,260 shares during the last quarter. 19.33% of the stock is owned by institutional investors and hedge funds.

Stronghold Digital Mining Company Profile

Stronghold Digital Mining, Inc, a crypto asset mining company, focuses on Bitcoin mining in the United States. It operates in two segments, Energy Operations and Cryptocurrency Operations. It also owns and operates coal refuse power generation facilities; and provides environmental remediation and reclamation services.