State Street Corp Has $291,000 Position in Stronghold Digital Mining, Inc. (NASDAQ:SDIG)

State Street Corp raised its stake in Stronghold Digital Mining, Inc. (NASDAQ:SDIG) by 122.3% during the third quarter, HoldingsChannel.com reports. The fund owned 57,630 shares of the company’s stock after acquiring an additional 31,700 shares during the quarter. State Street Corp’s holdings in Stronghold Digital Mining were worth $291,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. XTX Topco Ltd bought a new position in shares of Stronghold Digital Mining in the second quarter valued at about $130,000. Thomist Capital Management LP bought a new position in Stronghold Digital Mining in the second quarter valued at approximately $485,000. Finally, Walleye Capital LLC acquired a new stake in shares of Stronghold Digital Mining during the third quarter worth $1,022,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley raised shares of Stronghold Digital Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, November 15th.

Insiders Place Their Bets

In other news, CEO Gregory A. Beard sold 14,201 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $3.85, for a total transaction of $54,673.85. Following the sale, the chief executive officer now directly owns 446,533 shares in the company, valued at approximately $1,719,152.05. The trade was a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 29,816 shares of company stock worth $118,303 in the last 90 days. Company insiders own 21.14% of the company’s stock.

Stronghold Digital Mining Stock Performance

Shares of NASDAQ SDIG opened at $4.20 on Friday. Stronghold Digital Mining, Inc. has a 12 month low of $1.65 and a 12 month high of $7.96. The stock has a 50 day moving average of $4.81 and a 200-day moving average of $4.34. The company has a current ratio of 0.27, a quick ratio of 0.21 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $72.42 million, a P/E ratio of -1.14 and a beta of 2.92.

Stronghold Digital Mining Company Profile

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.