SG Americas Securities LLC lessened its stake in shares of Bit Digital, Inc. (NASDAQ:BTBT – Free Report) by 19.6% during the second quarter, HoldingsChannel reports. The firm owned 21,196 shares of the company’s stock after selling 5,168 shares during the period. SG Americas Securities LLC’s holdings in Bit Digital were worth $67,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Simplicity Wealth LLC acquired a new position in Bit Digital during the 1st quarter worth approximately $33,000. Bleakley Financial Group LLC acquired a new position in shares of Bit Digital during the first quarter worth $33,000. Merit Financial Group LLC purchased a new position in shares of Bit Digital in the fourth quarter valued at $42,000. Gladstone Institutional Advisory LLC acquired a new stake in Bit Digital during the 4th quarter valued at $42,000. Finally, Victory Capital Management Inc. purchased a new stake in Bit Digital during the 4th quarter worth $48,000. Hedge funds and other institutional investors own 47.70% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reissued a “buy” rating and issued a $6.00 price target on shares of Bit Digital in a report on Wednesday, August 21st.
Bit Digital Stock Performance
NASDAQ BTBT opened at $3.51 on Wednesday. The company has a 50-day simple moving average of $3.39 and a 200-day simple moving average of $2.79. The firm has a market capitalization of $289.52 million, a PE ratio of 11.70 and a beta of 4.90. Bit Digital, Inc. has a one year low of $1.76 and a one year high of $5.27.
About Bit Digital
Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.
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