Barclays PLC grew its stake in shares of Bit Digital, Inc. (NASDAQ:BTBT - Free Report) by 81.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 235,106 shares of the company's stock after acquiring an additional 105,484 shares during the quarter. Barclays PLC owned about 0.15% of Bit Digital worth $826,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Crescent Grove Advisors LLC purchased a new stake in Bit Digital during the third quarter valued at $35,000. Creative Planning purchased a new position in shares of Bit Digital in the third quarter valued at about $37,000. Thoroughbred Financial Services LLC bought a new position in shares of Bit Digital in the second quarter worth about $38,000. Stifel Financial Corp purchased a new stake in shares of Bit Digital during the third quarter worth about $38,000. Finally, Victory Capital Management Inc. raised its stake in Bit Digital by 39.3% during the 2nd quarter. Victory Capital Management Inc. now owns 15,522 shares of the company's stock valued at $49,000 after purchasing an additional 4,380 shares during the period. 47.70% of the stock is currently owned by institutional investors.
Bit Digital Stock Performance
Shares of NASDAQ:BTBT traded down $0.01 on Thursday, reaching $3.68. The company's stock had a trading volume of 10,112,867 shares, compared to its average volume of 15,922,952. The company has a 50-day simple moving average of $3.97 and a 200 day simple moving average of $3.61. The company has a market cap of $565.07 million, a P/E ratio of 61.08 and a beta of 4.89. Bit Digital, Inc. has a 52-week low of $1.76 and a 52-week high of $5.74.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on BTBT. B. Riley initiated coverage on shares of Bit Digital in a research report on Thursday, October 24th. They set a "buy" rating and a $6.00 target price for the company. HC Wainwright reissued a "buy" rating and set a $7.00 price objective on shares of Bit Digital in a report on Tuesday, November 19th.
Check Out Our Latest Report on BTBT
About Bit Digital
(
Free Report)
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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