Welch Capital Partners LLC NY lifted its position in shares of Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) by 480.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 522,073 shares of the company's stock after buying 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 largest position. Welch Capital Partners LLC NY owned 0.86% of Bitcoin Depot worth $846,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Blue Owl Capital Holdings LP boosted its stake in shares of Bitcoin Depot by 480.0% during the fourth 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 during the period. Renaissance Technologies LLC boosted its holdings in shares of Bitcoin Depot by 96.4% during the fourth quarter. Renaissance Technologies LLC now owns 146,100 shares of the company's stock worth $237,000 after purchasing an additional 71,700 shares during the period. Two Sigma Advisers LP bought a new stake in shares of Bitcoin Depot in the fourth quarter worth about $267,000. Two Sigma Investments LP purchased a new position in Bitcoin Depot during the 4th quarter valued at about $427,000. Finally, Radcliffe Capital Management L.P. raised its position in Bitcoin Depot by 134.3% during 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 during the last quarter. Institutional investors own 9.18% of the company's stock.
Bitcoin Depot Trading Up 28.2%
NASDAQ:BTM opened at $2.68 on Monday. The stock has a market cap of $171.36 million, a price-to-earnings ratio of -2.88 and a beta of -0.27. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33. The company's 50 day moving average price is $1.45 and its 200-day moving average price is $1.58. Bitcoin Depot Inc. has a 52 week low of $0.93 and a 52 week high of $3.52.
Bitcoin Depot (NASDAQ:BTM - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.
Analyst Upgrades and Downgrades
BTM has been the topic of several research analyst reports. HC Wainwright reissued a "buy" rating and set a $4.00 target price on shares of Bitcoin Depot in a research note on Tuesday, March 18th. Northland Securities upgraded shares of Bitcoin Depot from a "market perform" rating to an "outperform" rating and set a $5.00 target price on the stock in a report on Friday. B. Riley lifted their price target on shares of Bitcoin Depot from $4.70 to $5.50 and gave the company a "buy" rating in a research report on Friday. Finally, Northland Capmk upgraded shares of Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a report on Friday. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $4.83.
View Our Latest Stock Report on BTM
Insider Buying and Selling
In other news, COO Christopher Scott Buchanan sold 20,476 shares of Bitcoin Depot stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $1.33, for a total transaction of $27,233.08. Following the sale, the chief operating officer now owns 169,276 shares in the company, valued at $225,137.08. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 70.23% of the stock is owned by insiders.
About Bitcoin Depot
(
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.
See Also
Want to see what other hedge funds are holding BTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bitcoin Depot Inc. (NASDAQ:BTM - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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