Public Employees Retirement System of Ohio Makes New Investment in Keel Infrastructure $KEEL

Public Employees Retirement System of Ohio bought a new position in shares of Keel Infrastructure (NASDAQ:KEEL) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 142,717 shares of the company’s stock, valued at approximately $817,000.

Separately, Compass Financial Management LLC acquired a new stake in shares of Keel Infrastructure during the 2nd quarter worth $348,000. Institutional investors own 20.59% of the company’s stock.

Insider Activity at Keel Infrastructure

In other Keel Infrastructure news, CEO Benjamin Gagnon bought 38,888 shares of Keel Infrastructure stock in a transaction dated 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 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Liam Wilson purchased 30,769 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average price of $3.25 per share, with a total value of $99,999.25. Following the completion of the purchase, the chief operating officer owned 100,978 shares in the company, valued at $328,178.50. This represents a 43.82% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 128,545 shares of company stock worth $425,593 over the last 90 days. 9.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

KEEL has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Monday, July 13th. Citigroup reissued a “buy” rating on shares of Keel Infrastructure in a research note on Monday, August 10th. 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. BTIG Research initiated coverage on shares of Keel Infrastructure in a research note on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price target for the company. Finally, Citizens Jmp assumed coverage on Keel Infrastructure in a report on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.25.

Keel Infrastructure Trading Down 0.5%

Shares of NASDAQ KEEL opened at $3.71 on Thursday. The stock has a market cap of $2.29 billion, a PE ratio of -12.37 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 has a 1-year low of $1.62 and a 1-year high of $7.37. The firm’s 50-day moving average price is $3.86.

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

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.