Welch Capital Partners LLC NY increased its position in shares of Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) by 480.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 522,073 shares of the company's stock after acquiring an additional 432,073 shares during the period. Bitcoin Depot comprises 0.2% of Welch Capital Partners LLC NY's investment portfolio, making the stock its 15th biggest position. Welch Capital Partners LLC NY owned approximately 0.86% of Bitcoin Depot worth $846,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of BTM. Blue Owl Capital Holdings LP raised its position in Bitcoin Depot by 480.0% in the 4th quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company's stock valued at $29,000 after purchasing an additional 15,000 shares in the last quarter. Renaissance Technologies LLC raised its position in Bitcoin Depot by 96.4% in the 4th quarter. Renaissance Technologies LLC now owns 146,100 shares of the company's stock valued at $237,000 after purchasing an additional 71,700 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in Bitcoin Depot in the 4th quarter valued at about $267,000. Two Sigma Investments LP acquired a new stake in Bitcoin Depot in the 4th quarter valued at about $427,000. Finally, Radcliffe Capital Management L.P. raised its position in Bitcoin Depot by 134.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company's stock valued at $463,000 after purchasing an additional 163,854 shares in the last quarter. Institutional investors and hedge funds own 9.18% of the company's stock.
Bitcoin Depot Price Performance
Shares of Bitcoin Depot stock traded down $0.17 during trading on Friday, reaching $3.34. The company's stock had a trading volume of 3,198,794 shares, compared to its average volume of 538,775. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33. Bitcoin Depot Inc. has a 12-month low of $0.93 and a 12-month high of $3.75. The company has a market capitalization of $213.56 million, a P/E ratio of -3.59 and a beta of -0.27. The business has a 50 day moving average price of $1.63 and a 200-day moving average price of $1.64.
Bitcoin Depot (NASDAQ:BTM - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.11. Bitcoin Depot had a negative return on equity of 488.33% and a negative net margin of 2.28%. The firm had revenue of $164.23 million for the quarter, compared to the consensus estimate of $151.67 million.
Analysts Set New Price Targets
BTM has been the topic of a number of analyst reports. Wall Street Zen raised Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Northland Securities raised Bitcoin Depot from a "market perform" rating to an "outperform" rating and set a $5.00 target price on the stock in a research report on Friday, May 16th. Northland Capmk raised Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 16th. B. Riley raised their target price on Bitcoin Depot from $4.70 to $5.50 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, HC Wainwright reissued a "buy" rating and set a $4.00 target price on shares of Bitcoin Depot in a research report on Tuesday, March 18th. Three analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Strong Buy" and a consensus price target of $4.83.
Read Our Latest Stock Report on BTM
Insider Activity at Bitcoin Depot
In other Bitcoin Depot news, COO Christopher Scott Buchanan sold 20,476 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $1.33, for a total transaction of $27,233.08. Following the sale, the chief operating officer now directly owns 169,276 shares in the company, valued at approximately $225,137.08. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 70.23% of the company's stock.
Bitcoin Depot Company Profile
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Free Report)
Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade.
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