Keel Infrastructure (NASDAQ:KEEL) Stock Jumps 9.2% After Insider Buying Activity

Key Points

• Keel Infrastructure shares rose 9.2% to about $2.09 after director Edith Hofmeister bought 15,000 shares for $28,350, increasing her stake by 6.25%.
• Analysts’ consensus is “Moderate Buy”, with an average price target of $5.41, though several firms recently cut their targets. Ratings include eight Buys, one Hold, and one Sell.
• The company reported a quarterly loss of $0.10 per share, missing the $0.07 loss analysts expected; revenue was $27.6 million.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) shares shot up 9.2% during mid-day trading on Wednesday after an insider bought additional shares in the company. The stock traded as high as $2.08 and last traded at $2.0850. 2,514,711 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 37,111,789 shares. The stock had previously closed at $1.91.

Specifically, Director Edith Hofmeister purchased 15,000 shares of the business's stock in a transaction that occurred on Monday, November 9th. The shares were acquired at an average cost of $1.89 per share, for a total transaction of $28,350.00. Following the completion of the acquisition, the director owned 255,001 shares in the company, valued at $481,951.89. This trade represents a 6.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Upgrades and Downgrades

KEEL has been the subject of a number of recent analyst reports. Cantor Fitzgerald reduced their price objective on Keel Infrastructure from $5.00 to $4.00 and set an "overweight" rating for the company in a research note on Friday, October 16th. B. Riley Financial lowered their target price on Keel Infrastructure from $6.00 to $5.00 and set a "buy" rating on the stock in a research note on Friday, October 30th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Keel Infrastructure in a research note on Friday, October 9th. HC Wainwright cut their price target on shares of Keel Infrastructure from $4.00 to $3.25 and set a "buy" rating on the stock in a report on Thursday, November 5th. Finally, Citigroup restated a "buy" rating on shares of Keel Infrastructure in a research report on Monday, August 10th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $5.41.

Keel Infrastructure Trading Up 9.7%

The firm has a fifty day moving average of $2.98 and a two-hundred day moving average of $3.84. The company has a market cap of $1.29 billion, a PE ratio of -6.95 and a beta of 4.10. The company has a current ratio of 12.13, a quick ratio of 12.00 and a debt-to-equity ratio of 3.74.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $27.60 million for the quarter. Keel Infrastructure had a negative net margin of 309.79% and a negative return on equity of 102.27%. During the same quarter in the previous year, the business posted ($0.02) earnings per share. As a group, sell-side analysts predict that Keel Infrastructure will post -0.43 EPS for the current year.

Institutional Trading of Keel Infrastructure

Several hedge funds and other institutional investors have recently modified their holdings of the business. Markowski Investments bought a new position in Keel Infrastructure in the 2nd quarter worth approximately $29,000. TD Waterhouse Canada Inc. bought a new stake in Keel Infrastructure during the 2nd quarter valued at $28,000. NewEdge Advisors LLC purchased a new stake in shares of Keel Infrastructure during the second quarter worth $31,000. Farther Finance Advisors LLC lifted its position in shares of Keel Infrastructure by 268.0% during the third quarter. Farther Finance Advisors LLC now owns 13,285 shares of the company's stock worth $47,000 after acquiring an additional 9,675 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Keel Infrastructure by 38.5% during the third quarter. HighTower Advisors LLC now owns 38,876 shares of the company's stock worth $137,000 after acquiring an additional 10,806 shares in the last quarter. Institutional investors own 20.59% of the company's stock.

Keel Infrastructure Company Profile

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