212,049 Shares in Keel Infrastructure $KEEL Purchased by Van ECK Associates Corp

Van ECK Associates Corp acquired a new position in shares of Keel Infrastructure (NASDAQ:KEEL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 212,049 shares of the company’s stock, valued at approximately $1,217,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in shares of Keel Infrastructure in the 2nd quarter valued at about $9,989,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Keel Infrastructure during the second quarter worth approximately $817,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Keel Infrastructure during the second quarter worth approximately $348,000. Hedge funds and other institutional investors own 20.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Citizens Jmp assumed coverage on shares of Keel Infrastructure in a research report on Wednesday, June 24th. They set an “outperform” rating and a $10.00 price objective on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Keel Infrastructure in a research note on Monday, July 13th. BTIG Research initiated coverage on shares of Keel Infrastructure in a report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price target on the stock. HC Wainwright upped their price target on shares of Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Lake Street Capital set a $5.50 price target on shares of Keel Infrastructure in a research note on Monday, May 11th. Seven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.25.

Insider Buying and Selling at Keel Infrastructure

In other Keel Infrastructure news, CEO Benjamin Gagnon purchased 58,888 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were acquired at an average price of $3.33 per share, for a total transaction of $196,097.04. Following the acquisition, the chief executive officer owned 1,347,736 shares of the company’s stock, valued at $4,487,960.88. This trade represents a 4.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Liam Wilson acquired 30,769 shares of Keel Infrastructure stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average cost of $3.25 per share, with a total value of $99,999.25. Following the purchase, the chief operating officer owned 100,978 shares in the company, valued at $328,178.50. The trade was a 43.82% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 128,545 shares of company stock worth $425,593. 9.50% of the stock is currently owned by company insiders.

Keel Infrastructure Stock Performance

Shares of NASDAQ KEEL opened at $3.47 on Friday. The firm has a 50 day moving average price of $3.98. Keel Infrastructure has a 52 week low of $1.23 and a 52 week high of $7.37. The company has a market cap of $2.14 billion, a PE ratio of -11.57 and a beta of 4.06. The company has a current ratio of 16.26, a quick ratio of 16.10 and a debt-to-equity ratio of 3.11.

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

About Keel Infrastructure

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.