Nomura Holdings Inc. purchased a new position in shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG – Free Report) during the fourth quarter, Holdings Channel reports. The firm purchased 55,392 shares of the company’s stock, valued at approximately $404,000.
Separately, Armistice Capital LLC bought a new position in shares of Stronghold Digital Mining in the fourth quarter worth $7,300,000. Institutional investors and hedge funds own 19.33% of the company’s stock.
Insider Activity
In related news, CEO Gregory A. Beard sold 13,811 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $2.38, for a total value of $32,870.18. Following the sale, the chief executive officer now owns 374,003 shares of the company’s stock, valued at $890,127.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 14,093 shares of company stock valued at $33,829. Insiders own 47.55% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Stronghold Digital Mining
Stronghold Digital Mining Stock Performance
Shares of SDIG opened at $4.58 on Friday. The business has a 50-day simple moving average of $3.23 and a two-hundred day simple moving average of $4.54. Stronghold Digital Mining, Inc. has a 12-month low of $1.65 and a 12-month high of $11.56. The company has a quick ratio of 0.39, a current ratio of 0.50 and a debt-to-equity ratio of 0.70.
Stronghold Digital Mining (NASDAQ:SDIG – Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.44. Stronghold Digital Mining had a return on equity of 27.19% and a net margin of 3.58%. The company had revenue of $27.52 million during the quarter. As a group, analysts predict that Stronghold Digital Mining, Inc. will post -0.89 EPS for the current year.
About Stronghold Digital Mining
Stronghold Digital Mining, Inc, a crypto asset mining company, focuses on Bitcoin mining in the United States. It operates in two segments, Energy Operations and Cryptocurrency Operations. It also owns and operates coal refuse power generation facilities; and provides environmental remediation and reclamation services.
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