26,451,393 Shares in Keel Infrastructure $KEEL Acquired by Situational Awareness LP

Key Points

• Situational Awareness LP acquired 26.45 million Keel Infrastructure shares worth approximately $151.8 million, giving it a 4.28% stake and making KEEL its 13th-largest portfolio holding.
• Insider buying continued, with the CEO and COO purchasing a combined 69,657 shares in August; insiders acquired 128,545 shares during the quarter and own 9.5% of the company.
• Analyst sentiment is mostly positive, with seven Buy ratings and one Sell rating and an average price target of $6.25 versus the stock’s $3.35 opening price. However, Keel remains unprofitable, reporting a quarterly loss of $0.11 per share and a negative net margin of 230.59%.

Situational Awareness LP bought a new stake in Keel Infrastructure (NASDAQ:KEEL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,451,393 shares of the company's stock, valued at approximately $151,831,000. Keel Infrastructure accounts for about 0.8% of Situational Awareness LP's portfolio, making the stock its 13th biggest holding. Situational Awareness LP owned 4.28% of Keel Infrastructure at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. acquired a new position in shares of Keel Infrastructure during the second quarter valued at $28,000. Concurrent Investment Advisors LLC bought a new position in Keel Infrastructure in the 2nd quarter valued at about $272,000. Compass Financial Management LLC acquired a new position in Keel Infrastructure during the 2nd quarter valued at about $348,000. Public Employees Retirement System of Ohio acquired a new position in Keel Infrastructure during the 2nd quarter valued at about $817,000. Finally, Van ECK Associates Corp bought a new stake in shares of Keel Infrastructure during the 2nd quarter worth about $1,217,000. Institutional investors own 20.59% of the company's stock.

Insider Buying and Selling

In related news, CEO Benjamin Gagnon bought 38,888 shares of the business's stock in a transaction on Friday, August 21st. The stock was bought at an average price of $3.33 per share, for a total transaction of $129,497.04. Following the transaction, the chief executive officer directly owned 1,386,624 shares in the company, valued at $4,617,457.92. This represents a 2.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Liam Wilson acquired 30,769 shares of Keel Infrastructure stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average cost of $3.25 per share, with a total value of $99,999.25. Following the transaction, the chief operating officer owned 100,978 shares of the company's stock, valued at approximately $328,178.50. The trade was a 43.82% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 128,545 shares of company stock valued at $425,593. Insiders own 9.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Citigroup reiterated a "buy" rating on shares of Keel Infrastructure in a research note on Monday, August 10th. Chardan Capital reaffirmed a "buy" rating and set a $5.50 price target on shares of Keel Infrastructure in a research note on Monday, June 8th. Citizens Jmp began coverage on Keel Infrastructure in a research note on Wednesday, June 24th. They set an "outperform" rating and a $10.00 price target for the company. BTIG Research initiated coverage on Keel Infrastructure in a research report on Wednesday, July 22nd. They set a "buy" rating and a $8.00 price target on the stock. Finally, HC Wainwright boosted their price objective on Keel Infrastructure from $3.70 to $5.50 and gave the stock a "buy" rating in a research note on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Keel Infrastructure presently has an average rating of "Moderate Buy" and an average target price of $6.25.

Keel Infrastructure Price Performance

Shares of KEEL opened at $3.35 on Friday. The stock has a 50-day moving average price of $4.03. Keel Infrastructure has a one year low of $1.23 and a one year high of $7.37. 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 $2.07 billion, a PE ratio of -11.17 and a beta of 4.06.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm 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) earnings per share. Analysts anticipate that Keel Infrastructure will post -0.43 earnings per share for the current year.

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.

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