202,293 Shares in Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Purchased by Walleye Capital LLC

Walleye Capital LLC bought a new stake in Stronghold Digital Mining, Inc. (NASDAQ:SDIG - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 202,293 shares of the company's stock, valued at approximately $1,022,000. Walleye Capital LLC owned about 1.20% of Stronghold Digital Mining at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in shares of Stronghold Digital Mining during the 2nd quarter worth $130,000. Thomist Capital Management LP acquired a new stake in Stronghold Digital Mining in the 2nd quarter worth about $485,000. Western Wealth Management LLC purchased a new stake in Stronghold Digital Mining in the 2nd quarter valued at about $59,000. Finally, RFG Advisory LLC acquired a new position in shares of Stronghold Digital Mining during the 2nd quarter valued at about $43,000. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Gregory A. Beard sold 44,261 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $4.44, for a total transaction of $196,518.84. Following the sale, the chief executive officer now directly owns 379,324 shares in the company, valued at approximately $1,684,198.56. This trade represents a 10.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Matthew J. Smith sold 9,170 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $4.45, for a total value of $40,806.50. Following the transaction, the chief financial officer now directly owns 159,598 shares in the company, valued at $710,211.10. This trade represents a 5.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,585 shares of company stock worth $316,757 over the last ninety days. 21.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on SDIG. HC Wainwright reissued a "neutral" rating on shares of Stronghold Digital Mining in a research report on Thursday, August 22nd. B. Riley raised shares of Stronghold Digital Mining from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 15th.

Stronghold Digital Mining Trading Up 13.4 %

Shares of NASDAQ:SDIG traded up $0.67 during trading on Friday, reaching $5.68. 1,575,119 shares of the stock were exchanged, compared to its average volume of 641,095. Stronghold Digital Mining, Inc. has a 12-month low of $1.65 and a 12-month high of $11.56. The firm's 50-day moving average price is $4.90 and its 200 day moving average price is $4.21. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.21 and a current ratio of 0.27. The firm has a market cap of $97.92 million, a price-to-earnings ratio of -1.54 and a beta of 2.92.

Stronghold Digital Mining Company Profile

Stronghold Digital Mining, Inc, a crypto asset mining company, focuses on Bitcoin mining in the United States. It operates in two segments, Energy Operations and Cryptocurrency Operations. It also owns and operates coal refuse power generation facilities; and provides environmental remediation and reclamation services.