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

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp bought a new stake in Keel Infrastructure during the second quarter worth approximately $9,989,000. Public Employees Retirement System of Ohio acquired a new position in shares of Keel Infrastructure during the 2nd quarter valued at $817,000. Finally, Compass Financial Management LLC bought a new stake in shares of Keel Infrastructure in the 2nd quarter worth $348,000. 20.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on KEEL shares. Chardan Capital restated a “buy” rating and issued a $5.50 price objective on shares of Keel Infrastructure in a report on Monday, June 8th. Lake Street Capital set a $5.50 price target on shares of Keel Infrastructure in a research report on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Keel Infrastructure in a report on Monday, July 13th. HC Wainwright raised their price objective on shares of Keel Infrastructure from $3.70 to $5.50 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Citizens Jmp assumed coverage on shares of Keel Infrastructure in a research note on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Keel Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.25.

Keel Infrastructure Stock Up 3.6%

Shares of Keel Infrastructure stock opened at $3.47 on Friday. The stock’s fifty day moving average is $3.98. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of -11.57 and a beta of 4.06. The company has a quick ratio of 16.10, a current ratio of 16.26 and a debt-to-equity ratio of 3.11. Keel Infrastructure has a 12-month low of $1.23 and a 12-month high of $7.37.

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

Insider Activity at Keel Infrastructure

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