Nomura Holdings Inc. Takes $1.58 Million Position in Bit Digital, Inc. (NASDAQ:BTBT)

Nomura Holdings Inc. bought a new position in Bit Digital, Inc. (NASDAQ:BTBT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 374,150 shares of the company’s stock, valued at approximately $1,583,000. Nomura Holdings Inc. owned about 0.45% of Bit Digital at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC boosted its stake in shares of Bit Digital by 137.0% in the 3rd quarter. Barclays PLC now owns 100,218 shares of the company’s stock valued at $214,000 after purchasing an additional 57,932 shares in the last quarter. Invesco Ltd. boosted its position in Bit Digital by 3,163.5% during the third quarter. Invesco Ltd. now owns 5,661,083 shares of the company’s stock valued at $12,115,000 after buying an additional 5,487,615 shares during the period. Quadrature Capital Ltd bought a new position in shares of Bit Digital during the third quarter valued at about $800,000. Exchange Traded Concepts LLC increased its holdings in shares of Bit Digital by 21.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,061,395 shares of the company’s stock worth $4,490,000 after buying an additional 185,560 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Bit Digital by 68.1% in the 4th quarter. SG Americas Securities LLC now owns 46,197 shares of the company’s stock valued at $195,000 after acquiring an additional 18,717 shares during the last quarter. 47.70% of the stock is currently owned by institutional investors.

Bit Digital Stock Down 2.4 %

Shares of BTBT opened at $2.79 on Thursday. The stock has a market capitalization of $230.12 million, a P/E ratio of 9.30 and a beta of 4.75. Bit Digital, Inc. has a twelve month low of $1.76 and a twelve month high of $5.27. The firm has a fifty day simple moving average of $2.36 and a two-hundred day simple moving average of $2.73.

Bit Digital (NASDAQ:BTBT) last posted its earnings results on Wednesday, May 15th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $30.29 million during the quarter, compared to analyst estimates of $25.61 million. Bit Digital had a net margin of 57.44% and a return on equity of 0.30%. Sell-side analysts expect that Bit Digital, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and set a $5.00 price target on shares of Bit Digital in a research report on Friday, May 17th.

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.