Keel Infrastructure (NASDAQ:KEEL) Director Edith Hofmeister Buys 15,000 Shares of Stock

Key Points

• Director Edith Hofmeister bought 15,000 shares at an average price of $1.89, spending $28,350 and increasing her stake by 6.25% to 255,001 shares.
• Keel Infrastructure reported a quarterly loss of $0.10 per share, missing analysts’ $0.07 loss estimate; revenue was $27.6 million.
• Analysts’ average rating is Moderate Buy, with an average price target of $5.41. Shares traded at $1.91, well below their 52-week high of $7.37.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) Director Edith Hofmeister acquired 15,000 shares of the business's stock in a transaction on Monday, November 9th. The shares were purchased at an average price of $1.89 per share, with a total value of $28,350.00. Following the transaction, the director owned 255,001 shares in the company, valued at $481,951.89. The trade was a 6.25% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Keel Infrastructure Stock Performance

Shares of KEEL stock traded down $0.05 during mid-day trading on Tuesday, hitting $1.91. The stock had a trading volume of 21,335,968 shares, compared to its average volume of 37,269,992. Keel Infrastructure has a fifty-two week low of $1.60 and a fifty-two week high of $7.37. The firm has a market cap of $1.18 billion, a PE ratio of -6.37 and a beta of 4.10. The company has a debt-to-equity ratio of 3.11, a current ratio of 16.26 and a quick ratio of 16.10. The company's 50-day simple moving average is $3.00 and its 200-day simple moving average is $3.85.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). The firm had revenue of $27.60 million for the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%. During the same quarter last year, the business posted ($0.02) EPS. Sell-side analysts anticipate that Keel Infrastructure will post -0.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Cantor Fitzgerald dropped their target price on Keel Infrastructure from $5.00 to $4.00 and set an "overweight" rating on the stock in a research report on Friday, October 16th. Weiss Ratings restated a "sell (d-)" rating on shares of Keel Infrastructure in a research note on Friday, October 9th. Citigroup reaffirmed a "buy" rating on shares of Keel Infrastructure in a report on Monday, August 10th. BTIG Research started coverage on Keel Infrastructure in a research report on Wednesday, July 22nd. They issued a "buy" rating and a $8.00 price objective for the company. Finally, B. Riley Financial cut their price objective on Keel Infrastructure from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Friday, October 30th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $5.41.

Institutional Investors Weigh In On Keel Infrastructure

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Situational Awareness LP purchased a new stake in shares of Keel Infrastructure during the 2nd quarter worth approximately $151,831,000. State Street Corp acquired a new position in Keel Infrastructure during the second quarter worth $78,100,000. Bank of New York Mellon Corp acquired a new position in Keel Infrastructure during the second quarter worth $9,989,000. Banco Santander S.A. raised its holdings in Keel Infrastructure by 2,449.6% during the third quarter. Banco Santander S.A. now owns 1,092,865 shares of the company's stock worth $3,858,000 after purchasing an additional 1,050,000 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in Keel Infrastructure during the second quarter worth $3,213,000. 20.59% of the stock is currently owned by institutional investors and hedge funds.

Keel Infrastructure Company Profile

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