Nomura Holdings Inc. Takes $404,000 Position in Stronghold Digital Mining, Inc. (NASDAQ:SDIG)

Nomura Holdings Inc. purchased a new position in shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) 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

Several equities analysts have recently commented on the stock. HC Wainwright restated a “buy” rating and issued a $7.00 target price on shares of Stronghold Digital Mining in a research report on Thursday, March 7th. Compass Point lowered their price target on Stronghold Digital Mining from $22.00 to $8.50 and set a “buy” rating for the company in a report on Wednesday, April 10th.

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) 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.