Tidal Investments LLC Makes New Investment in Keel Infrastructure $KEEL

Key Points

• Tidal Investments acquired 559,744 Keel Infrastructure shares during the second quarter, valued at approximately $3.2 million. Institutional investors now own 20.59% of the company.
• Keel Infrastructure reported a quarterly loss of $0.11 per share on $30.43 million in revenue, while analysts expect a full-year loss of $0.43 per share. The stock opened at $3.28, well below its 52-week high of $7.37.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and a $6.25 average price target. Company insiders also purchased 128,545 shares over the past 90 days.

Tidal Investments LLC acquired a new position in shares of Keel Infrastructure (NASDAQ:KEEL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 559,744 shares of the company's stock, valued at approximately $3,213,000. Tidal Investments LLC owned approximately 0.09% of Keel Infrastructure at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Waterhouse Canada Inc. bought a new stake in shares of Keel Infrastructure during the second quarter valued at approximately $28,000. Markowski Investments bought a new position in Keel Infrastructure in the second quarter worth $29,000. NewEdge Advisors LLC acquired a new stake in Keel Infrastructure during the second quarter worth $31,000. GFG Capital LLC acquired a new stake in Keel Infrastructure during the second quarter worth $82,000. Finally, Nilsine Partners LLC bought a new stake in Keel Infrastructure in the 2nd quarter valued at $110,000. 20.59% of the stock is currently owned by institutional investors.

Keel Infrastructure Price Performance

Shares of NASDAQ:KEEL opened at $3.28 on Wednesday. The company has a quick ratio of 16.10, a current ratio of 16.26 and a debt-to-equity ratio of 3.11. The company has a fifty day moving average of $3.77. Keel Infrastructure has a fifty-two week low of $1.68 and a fifty-two week high of $7.37. The company has a market capitalization of $2.03 billion, a PE ratio of -10.93 and a beta of 4.06.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported ($0.11) EPS for the quarter. Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. The firm had revenue of $30.43 million during the quarter. During the same quarter in the previous year, the company earned ($0.05) EPS. Research analysts expect that Keel Infrastructure will post -0.43 EPS for the current fiscal year.

Analyst Ratings Changes

KEEL has been the subject of a number of recent research reports. Chardan Capital restated a "buy" rating and issued a $5.50 price objective on shares of Keel Infrastructure in a research note on Monday, June 8th. BTIG Research assumed coverage on shares of Keel Infrastructure in a research note on Wednesday, July 22nd. They issued a "buy" rating and a $8.00 target price on the stock. Citizens Jmp began coverage on shares of Keel Infrastructure in a research report on Wednesday, June 24th. They issued an "outperform" rating and a $10.00 price target for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Keel Infrastructure in a research report on Monday, July 13th. Finally, Citigroup restated a "buy" rating on shares of Keel Infrastructure in a research note on Monday, August 10th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $6.25.

Insider Transactions at Keel Infrastructure

In other news, CEO Benjamin Gagnon acquired 58,888 shares of Keel Infrastructure stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $3.33 per share, with a total value of $196,097.04. Following the acquisition, the chief executive officer owned 1,347,736 shares in the company, valued at $4,487,960.88. This represents a 4.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Liam Wilson purchased 30,769 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were purchased at an average cost 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 of the company's stock, valued at $328,178.50. This trade represents a 43.82% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 128,545 shares of company stock valued at $425,593. Insiders own 9.50% of the company's stock.

Keel Infrastructure Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.