Nomura Holdings Inc. Takes Position in Stronghold Digital Mining, Inc. (NASDAQ:SDIG)

Nomura Holdings Inc. bought a new position in shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 55,392 shares of the company’s stock, valued at approximately $404,000. Nomura Holdings Inc. owned approximately 0.37% of Stronghold Digital Mining at the end of the most recent reporting period.

Separately, Armistice Capital LLC bought a new stake in Stronghold Digital Mining in the fourth quarter worth about $7,300,000. 19.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SDIG has been the topic of several recent research reports. Compass Point lowered their price objective on shares of Stronghold Digital Mining from $22.00 to $8.50 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. HC Wainwright restated a “buy” rating and issued a $7.00 price target on shares of Stronghold Digital Mining in a research report on Thursday, March 7th.

Stronghold Digital Mining Price Performance

Shares of NASDAQ SDIG opened at $4.58 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.50 and a debt-to-equity ratio of 0.70. Stronghold Digital Mining, Inc. has a 12 month low of $1.65 and a 12 month high of $11.56. The business has a fifty day simple moving average of $3.23 and a 200-day simple moving average of $4.54.

Stronghold Digital Mining (NASDAQ:SDIG) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.44. Stronghold Digital Mining had a return on equity of 27.19% and a net margin of 3.58%. The firm had revenue of $27.52 million for the quarter. On average, research analysts predict that Stronghold Digital Mining, Inc. will post -0.89 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Gregory A. Beard sold 13,811 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $2.38, for a total value of $32,870.18. Following the completion of the transaction, the chief executive officer now owns 374,003 shares of the company’s stock, valued at approximately $890,127.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 14,093 shares of company stock worth $33,829 over the last 90 days. 47.55% of the stock is owned by company insiders.

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.