Cambridge Investment Research Advisors Inc. Makes New $66,000 Investment in Gryphon Digital Mining, Inc. (NASDAQ:GRYP)

Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Gryphon Digital Mining, Inc. (NASDAQ:GRYP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 390,724 shares of the company's stock, valued at approximately $66,000. Cambridge Investment Research Advisors Inc. owned 0.56% of Gryphon Digital Mining as of its most recent filing with the Securities & Exchange Commission.

Gryphon Digital Mining Price Performance

GRYP stock traded down $0.07 on Friday, hitting $1.26. 6,201,546 shares of the company were exchanged, compared to its average volume of 5,037,709. Gryphon Digital Mining, Inc. has a twelve month low of $0.13 and a twelve month high of $2.93. The business's fifty day moving average is $1.13 and its two-hundred day moving average is $0.57. The stock has a market capitalization of $91.43 million, a price-to-earnings ratio of -4.67 and a beta of 3.73.

Gryphon Digital Mining (NASDAQ:GRYP - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.09) earnings per share (EPS) for the quarter. Equities research analysts expect that Gryphon Digital Mining, Inc. will post -0.76 earnings per share for the current year.

Insiders Place Their Bets

In other Gryphon Digital Mining news, Director Daniel George Tolhurst sold 1,981,233 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $1.45, for a total transaction of $2,872,787.85. Following the completion of the transaction, the director directly owned 1,095,983 shares of the company's stock, valued at $1,589,175.35. This trade represents a 64.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 2,792,968 shares of company stock worth $3,941,214. 15.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a "neutral" rating on shares of Gryphon Digital Mining in a research report on Tuesday, May 13th.

Gryphon Digital Mining Company Profile

Gryphon Digital Mining, Inc operates as a bitcoin mining company in the United States. It operates mining computers and ESG-led mining. The company was founded in 2020 and is based in Las Vegas, Nevada.