Susquehanna Advisors Group Inc. Takes Position in Keel Infrastructure $KEEL

Susquehanna Advisors Group Inc. acquired a new position in Keel Infrastructure (NASDAQ:KEEL) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 232,308 shares of the company’s stock, valued at approximately $1,333,000.

Several other institutional investors have also modified their holdings of KEEL. Compass Financial Management LLC bought a new position in Keel Infrastructure during the second quarter valued at about $348,000. Public Employees Retirement System of Ohio acquired a new stake in Keel Infrastructure in the 2nd quarter valued at about $817,000. Van ECK Associates Corp acquired a new stake in Keel Infrastructure in the 2nd quarter valued at about $1,217,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Keel Infrastructure during the 2nd quarter valued at about $9,989,000. Institutional investors and hedge funds own 20.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KEEL. HC Wainwright lifted their price objective 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. Lake Street Capital set a $5.50 target price on shares of Keel Infrastructure in a research note on Monday, May 11th. Alliance Global Partners restated a “buy” rating on shares of Keel Infrastructure in a report on Monday, May 11th. BTIG Research started coverage on shares of Keel Infrastructure in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Keel Infrastructure in a report on Monday, July 13th. Seven analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.25.

Keel Infrastructure Stock Performance

Shares of KEEL opened at $3.22 on Monday. The business has a 50-day moving average of $4.28. The stock has a market cap of $1.99 billion, a PE ratio of -10.73 and a beta of 4.14. Keel Infrastructure has a 1-year low of $1.23 and a 1-year high of $7.37. The company has a debt-to-equity ratio of 3.11, a current ratio of 16.26 and a quick ratio of 16.10.

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

Insider Buying and Selling

In other news, CEO Benjamin Gagnon purchased 38,888 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were acquired at an average price of $3.33 per share, for a total transaction of $129,497.04. Following the completion of the acquisition, the chief executive officer directly owned 1,386,624 shares of the company’s stock, valued at $4,617,457.92. The trade was a 2.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Liam Daniel Wilson purchased 30,769 shares of Keel Infrastructure stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average price of $3.25 per share, with a total value of $99,999.25. Following the transaction, the chief operating officer owned 100,978 shares in the company, valued at $328,178.50. This represents a 43.82% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 128,545 shares of company stock worth $425,593 in the last 90 days. 9.50% of the stock is owned by company insiders.

Keel Infrastructure Company 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.