248,247 Shares in Keel Infrastructure $KEEL Acquired by Round Rock Advisors LLC

Round Rock Advisors LLC acquired a new position in shares of Keel Infrastructure (NASDAQ:KEEL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 248,247 shares of the company’s stock, valued at approximately $1,425,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Compass Financial Management LLC purchased a new position in Keel Infrastructure during the 2nd quarter valued at about $348,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Keel Infrastructure in the 2nd quarter worth approximately $817,000. Van ECK Associates Corp bought a new position in shares of Keel Infrastructure during the second quarter valued at approximately $1,217,000. Susquehanna Advisors Group Inc. bought a new position in shares of Keel Infrastructure during the second quarter valued at approximately $1,333,000. Finally, Bank of New York Mellon Corp purchased a new position in Keel Infrastructure during the second quarter valued at approximately $9,989,000. 20.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on KEEL shares. HC Wainwright boosted their price objective on shares of Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research note on Monday, May 11th. Alliance Global Partners reiterated a “buy” rating on shares of Keel Infrastructure in a report on Monday, May 11th. Citigroup reiterated a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. Lake Street Capital set a $5.50 price target on Keel Infrastructure in a research report on Monday, May 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a research note on Monday, July 13th. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Keel Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.25.

Keel Infrastructure Stock Performance

Shares of NASDAQ KEEL opened at $3.11 on Thursday. The company has a debt-to-equity ratio of 3.11, a quick ratio of 16.10 and a current ratio of 16.26. The firm has a market capitalization of $1.92 billion, a P/E ratio of -10.37 and a beta of 4.06. The business has a 50-day simple moving average of $4.08. Keel Infrastructure has a fifty-two week low of $1.23 and a fifty-two week high of $7.37.

Keel Infrastructure (NASDAQ:KEEL) last posted its quarterly earnings data 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 net margin of 230.59% and a negative return on equity of 66.18%. During the same quarter in the prior year, the business posted ($0.05) EPS. On average, sell-side analysts predict that Keel Infrastructure will post -0.43 earnings per share for the current fiscal year.

Insider Activity at Keel Infrastructure

In related news, CEO Benjamin Gagnon purchased 38,888 shares of the business’s stock in a transaction on Friday, August 21st. The shares were acquired at an average price of $3.33 per share, for a total transaction of $129,497.04. Following the purchase, the chief executive officer owned 1,386,624 shares of the company’s stock, valued at $4,617,457.92. This trade represents a 2.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Liam Daniel Wilson purchased 30,769 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were bought at an average price of $3.25 per share, for a total transaction of $99,999.25. Following the purchase, the chief operating officer directly owned 100,978 shares in the company, valued at $328,178.50. This represents a 43.82% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 128,545 shares of company stock worth $425,593. 9.50% of the stock is owned by insiders.

About Keel Infrastructure

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.