142,717 Shares in Keel Infrastructure $KEEL Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in shares of Keel Infrastructure (NASDAQ:KEEL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 142,717 shares of the company’s stock, valued at approximately $817,000.

Separately, Compass Financial Management LLC bought a new position in Keel Infrastructure during the second quarter worth $348,000. Institutional investors and hedge funds own 20.59% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on KEEL shares. Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a research note on Monday, July 13th. BTIG Research assumed coverage on Keel Infrastructure in a report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 target price on the stock. Chardan Capital restated a “buy” rating and set a $5.50 price objective on shares of Keel Infrastructure in a research report on Monday, June 8th. Citizens Jmp assumed coverage on Keel Infrastructure in a report on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 target price on the stock. Finally, Citigroup restated a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Keel Infrastructure currently has an average rating of “Moderate Buy” and a consensus target price of $6.25.

Insider Activity

In related news, CEO Benjamin Gagnon purchased 58,888 shares of Keel Infrastructure stock in a transaction dated Thursday, August 13th. The shares were acquired at an average cost of $3.33 per share, for a total transaction of $196,097.04. Following the transaction, the chief executive officer directly owned 1,347,736 shares of the company’s stock, valued at approximately $4,487,960.88. This trade represents a 4.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Liam Wilson acquired 30,769 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average price of $3.25 per share, with a total value of $99,999.25. Following the acquisition, the chief operating officer owned 100,978 shares of the company’s stock, valued at approximately $328,178.50. This trade represents a 43.82% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 128,545 shares of company stock worth $425,593. 9.50% of the stock is owned by corporate insiders.

Keel Infrastructure Stock Down 0.5%

Shares of NASDAQ:KEEL opened at $3.71 on Thursday. The firm’s 50 day simple moving average is $3.86. The company has a market cap of $2.29 billion, a P/E ratio of -12.37 and a beta of 4.06. The company has a debt-to-equity ratio of 3.11, a quick ratio of 16.10 and a current ratio of 16.26. Keel Infrastructure has a twelve month low of $1.62 and a twelve month high of $7.37.

Keel Infrastructure (NASDAQ:KEEL) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $30.43 million during the quarter. Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. During the same period last year, the business posted ($0.05) earnings per share. Analysts anticipate that Keel Infrastructure will post -0.43 EPS for the current year.

Keel Infrastructure Profile

Bitfarms Ltd. is a bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver operational performance and uptime. Bitfarms Ltd. is based in TORONTO, Ontario.