The OLB Group (NASDAQ:OLB) Trading 1.7% Higher

The OLB Group, Inc. (NASDAQ:OLBGet Free Report) shares traded up 1.7% during mid-day trading on Friday . The stock traded as high as $0.82 and last traded at $0.76. 23,785 shares were traded during mid-day trading, a decline of 66% from the average session volume of 70,603 shares. The stock had previously closed at $0.75.

The OLB Group Stock Up 1.7 %

The firm has a fifty day simple moving average of $0.85 and a 200-day simple moving average of $0.74.

The OLB Group (NASDAQ:OLBGet Free Report) last posted its earnings results on Tuesday, November 14th. The company reported ($0.12) earnings per share for the quarter. The OLB Group had a negative net margin of 27.16% and a negative return on equity of 26.67%. The company had revenue of $9.69 million during the quarter.

Insider Activity

In related news, CEO Ronny Yakov bought 784,212 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were bought at an average price of $0.77 per share, for a total transaction of $603,843.24. Following the completion of the acquisition, the chief executive officer now directly owns 5,409,701 shares of the company’s stock, valued at $4,165,469.77. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other The OLB Group news, VP Patrick G. Smith purchased 392,106 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was bought at an average cost of $0.77 per share, with a total value of $301,921.62. Following the completion of the transaction, the vice president now owns 642,929 shares of the company’s stock, valued at approximately $495,055.33. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ronny Yakov bought 784,212 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was purchased at an average cost of $0.77 per share, with a total value of $603,843.24. Following the completion of the transaction, the chief executive officer now directly owns 5,409,701 shares of the company’s stock, valued at $4,165,469.77. The disclosure for this purchase can be found here. Corporate insiders own 36.10% of the company’s stock.

Institutional Trading of The OLB Group

Large investors have recently bought and sold shares of the company. Two Sigma Investments LP purchased a new stake in The OLB Group in the third quarter worth $31,000. Dimensional Fund Advisors LP purchased a new stake in The OLB Group in the first quarter worth $35,000. Renaissance Technologies LLC bought a new position in shares of The OLB Group in the first quarter worth $42,000. State Street Corp bought a new position in shares of The OLB Group in the first quarter worth $48,000. Finally, Citadel Advisors LLC boosted its holdings in shares of The OLB Group by 301.0% in the third quarter. Citadel Advisors LLC now owns 48,183 shares of the company’s stock worth $51,000 after acquiring an additional 36,167 shares during the period. 10.03% of the stock is owned by hedge funds and other institutional investors.

The OLB Group Company Profile

(Get Free Report)

The OLB Group, Inc is a diversified fintech e-commerce merchant services provider and Bitcoin crypto mining enterprise. The Company’s eCommerce platform delivers e-commerce services for a digital commerce solution to over 10,500 merchants in all 50 states. The Company’s wholly owned subsidiary, DMINT, Inc, is engaged in the mining of Bitcoin utilizing low carbon natural gas with over 1,000 application-specific integrated circuit (ASIC)-based S19j Pro 96T mining computers.

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