Segall Bryant & Hamill LLC bought a new stake in Bit Digital, Inc. (NASDAQ:BTBT - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 348,025 shares of the company's stock, valued at approximately $1,222,000.
A number of other hedge funds have also made changes to their positions in BTBT. Squarepoint Ops LLC purchased a new stake in Bit Digital in the 2nd quarter valued at approximately $2,126,000. Millennium Management LLC lifted its position in shares of Bit Digital by 66.6% in the second quarter. Millennium Management LLC now owns 2,586,392 shares of the company's stock valued at $8,225,000 after acquiring an additional 1,033,767 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Bit Digital by 42.4% during the second quarter. The Manufacturers Life Insurance Company now owns 44,219 shares of the company's stock valued at $141,000 after acquiring an additional 13,170 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Bit Digital during the 2nd quarter worth about $910,000. Finally, Creative Planning acquired a new position in Bit Digital in the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 47.70% of the company's stock.
Bit Digital Price Performance
BTBT stock traded up $0.45 on Friday, hitting $4.44. 23,178,875 shares of the company were exchanged, compared to its average volume of 20,888,412. Bit Digital, Inc. has a twelve month low of $1.76 and a twelve month high of $5.74. The business's fifty day moving average is $3.76 and its two-hundred day moving average is $3.29. The stock has a market capitalization of $366.21 million, a price-to-earnings ratio of 74.00 and a beta of 4.79.
Analyst Ratings Changes
BTBT has been the topic of several recent analyst reports. B. Riley began coverage on shares of Bit Digital in a research note on Thursday, October 24th. They set a "buy" rating and a $6.00 price objective on the stock. HC Wainwright restated 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 Bit Digital
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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