Gregory A. Beard Sells 14,201 Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Stock

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) CEO Gregory A. Beard sold 14,201 shares of Stronghold Digital Mining stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $3.85, for a total value of $54,673.85. Following the completion of the sale, the chief executive officer now owns 446,533 shares of the company’s stock, valued at approximately $1,719,152.05. The trade was a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Stronghold Digital Mining Stock Performance

NASDAQ:SDIG remained flat at $4.03 during trading on Thursday. The company’s stock had a trading volume of 312,835 shares, compared to its average volume of 900,307. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.21 and a current ratio of 0.27. The company has a market capitalization of $69.49 million, a price-to-earnings ratio of -1.09 and a beta of 2.92. Stronghold Digital Mining, Inc. has a 52-week low of $1.65 and a 52-week high of $11.56. The company has a 50 day simple moving average of $4.93 and a 200 day simple moving average of $4.35.

Analyst Upgrades and Downgrades

Separately, B. Riley raised Stronghold Digital Mining from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th.

Institutional Trading of Stronghold Digital Mining

A number of institutional investors have recently modified their holdings of SDIG. Walleye Capital LLC purchased a new stake in Stronghold Digital Mining during the 3rd quarter worth about $1,022,000. Anson Funds Management LP bought a new stake in Stronghold Digital Mining during the 3rd quarter worth approximately $2,466,000. K2 Principal Fund L.P. bought a new stake in Stronghold Digital Mining during the 3rd quarter worth approximately $882,000. Thomist Capital Management LP purchased a new stake in Stronghold Digital Mining in the 2nd quarter worth approximately $485,000. Finally, XTX Topco Ltd bought a new position in Stronghold Digital Mining in the 2nd quarter valued at $130,000. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

About Stronghold Digital Mining

Stronghold Digital Mining, Inc, a crypto asset mining company, focuses on Bitcoin mining in the United States. It operates in two segments, Energy Operations and Cryptocurrency Operations. It also owns and operates coal refuse power generation facilities; and provides environmental remediation and reclamation services.