Private Advisor Group LLC Buys 72,326 Shares of BitMine Immersion Technologies, Inc. $BMNR

Private Advisor Group LLC lifted its position in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR) by 51.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 213,430 shares of the company’s stock after purchasing an additional 72,326 shares during the period. Private Advisor Group LLC’s holdings in BitMine Immersion Technologies were worth $4,222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. State of Michigan Retirement System boosted its position in shares of BitMine Immersion Technologies by 141.7% in the fourth quarter. State of Michigan Retirement System now owns 145,000 shares of the company’s stock valued at $3,937,000 after acquiring an additional 85,000 shares during the period. Blue Sky Capital Consultants Group Inc. boosted its stake in shares of BitMine Immersion Technologies by 340.5% in the fourth quarter. Blue Sky Capital Consultants Group Inc. now owns 95,799 shares of the company’s stock valued at $2,601,000 after buying an additional 74,052 shares during the period. Menard Financial Group LLC bought a new stake in shares of BitMine Immersion Technologies in the third quarter valued at approximately $2,595,000. Van ECK Associates Corp acquired a new stake in BitMine Immersion Technologies during the third quarter worth approximately $81,846,000. Finally, Strong Tower Advisory Services increased its stake in BitMine Immersion Technologies by 82.3% during the 4th quarter. Strong Tower Advisory Services now owns 503,896 shares of the company’s stock worth $13,681,000 after acquiring an additional 227,484 shares during the period.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Cantor Fitzgerald dropped their price target on BitMine Immersion Technologies from $39.00 to $30.30 and set an “overweight” rating for the company in a research note on Wednesday, July 1st. Weiss Ratings began coverage on shares of BitMine Immersion Technologies in a report on Friday, April 17th. They issued a “sell (d-)” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.15.

BitMine Immersion Technologies Trading Down 4.5%

BitMine Immersion Technologies stock opened at $14.85 on Wednesday. The company has a market capitalization of $8.46 billion and a PE ratio of -114.25. The stock has a 50-day moving average price of $17.92 and a two-hundred day moving average price of $21.76. BitMine Immersion Technologies, Inc. has a 12 month low of $12.80 and a 12 month high of $134.48.

BitMine Immersion Technologies (NYSE:BMNR) last issued its quarterly earnings data on Tuesday, April 14th. The company reported ($0.08) earnings per share (EPS) for the quarter. BitMine Immersion Technologies had a negative net margin of 51,892.77% and a positive return on equity of 5.59%. The business had revenue of $11.04 million during the quarter. As a group, analysts predict that BitMine Immersion Technologies, Inc. will post 0.29 earnings per share for the current fiscal year.

BitMine Immersion Technologies Profile

BitMine Immersion Technologies, Inc (NYSE American: BMNR) is an engineering and technology company specializing in immersion cooling solutions for digital asset mining and high-performance computing (HPC) applications. The company develops proprietary direct-to-chip systems that submerge servers in non-conductive dielectric fluids to efficiently remove heat, enabling clients to achieve higher processing density and improved energy efficiency.

BitMine offers turnkey services spanning system design, equipment supply, installation and ongoing maintenance.