232,308 Shares in Keel Infrastructure $KEEL Purchased by Susquehanna Advisors Group Inc.

Susquehanna Advisors Group Inc. bought a new stake in shares of Keel Infrastructure (NASDAQ:KEEL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 232,308 shares of the company’s stock, valued at approximately $1,333,000.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of Keel Infrastructure in the second quarter worth approximately $9,989,000. Van ECK Associates Corp purchased a new position in Keel Infrastructure during the second quarter valued at approximately $1,217,000. Public Employees Retirement System of Ohio acquired a new position in Keel Infrastructure in the 2nd quarter valued at approximately $817,000. Finally, Compass Financial Management LLC acquired a new position in Keel Infrastructure in the 2nd quarter valued at approximately $348,000. Institutional investors and hedge funds own 20.59% of the company’s stock.

Keel Infrastructure Stock Performance

Shares of KEEL opened at $3.22 on Monday. The company has a debt-to-equity ratio of 3.11, a quick ratio of 16.10 and a current ratio of 16.26. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of -10.73 and a beta of 4.14. The company’s 50 day simple moving average is $4.28. Keel Infrastructure has a twelve month low of $1.23 and a twelve month high of $7.37.

Keel Infrastructure (NASDAQ:KEEL) last posted its earnings results on Monday, August 10th. The company reported ($0.11) EPS for the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%.The business had revenue of $30.43 million during the quarter. During the same period last year, the company earned ($0.05) earnings per share. On average, sell-side analysts anticipate that Keel Infrastructure will post -0.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Lake Street Capital set a $5.50 target price on shares of Keel Infrastructure in a research report on Monday, May 11th. Alliance Global Partners reaffirmed a “buy” rating on shares of Keel Infrastructure in a research note on Monday, May 11th. BTIG Research initiated coverage on Keel Infrastructure in a report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price objective for the company. Citigroup reissued a “buy” rating on shares of Keel Infrastructure in a research report on Monday, August 10th. Finally, Chardan Capital restated a “buy” rating and issued a $5.50 target price on shares of Keel Infrastructure in a research note on Monday, June 8th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.25.

Insider Buying and Selling at Keel Infrastructure

In other Keel Infrastructure news, CEO Benjamin Gagnon bought 38,888 shares of the stock in a transaction on Friday, August 21st. The shares were purchased at an average cost of $3.33 per share, with a total value of $129,497.04. Following the completion of the transaction, the chief executive officer directly owned 1,386,624 shares of the company’s stock, valued at $4,617,457.92. This represents a 2.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Liam Daniel Wilson bought 30,769 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were bought at an average price of $3.25 per share, for a total transaction of $99,999.25. Following the completion of the acquisition, the chief operating officer owned 100,978 shares of the company’s stock, valued at approximately $328,178.50. This represents a 43.82% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 128,545 shares of company stock valued at $425,593. 9.50% of the stock is owned by company insiders.

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.