Cubist Systematic Strategies LLC Takes Position in Argo Blockchain plc (NASDAQ:ARBK)

Cubist Systematic Strategies LLC bought a new stake in Argo Blockchain plc (NASDAQ:ARBK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,776 shares of the company’s stock, valued at approximately $49,000. Cubist Systematic Strategies LLC owned about 0.07% of Argo Blockchain at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Catalina Capital Group LLC purchased a new stake in shares of Argo Blockchain in the first quarter valued at about $28,000. XTX Topco Ltd purchased a new stake in shares of Argo Blockchain in the second quarter valued at about $28,000. Finally, Vident Advisory LLC raised its holdings in shares of Argo Blockchain by 108.5% in the first quarter. Vident Advisory LLC now owns 1,684,232 shares of the company’s stock valued at $3,655,000 after purchasing an additional 876,406 shares during the last quarter. Hedge funds and other institutional investors own 2.42% of the company’s stock.

Argo Blockchain Price Performance

Argo Blockchain stock opened at $1.19 on Thursday. Argo Blockchain plc has a 12 month low of $0.94 and a 12 month high of $4.45. The company has a current ratio of 0.43, a quick ratio of 0.65 and a debt-to-equity ratio of 5.06. The business’s 50 day simple moving average is $1.20 and its 200 day simple moving average is $1.32. The company has a market cap of $68.74 million, a price-to-earnings ratio of -2.53 and a beta of 1.87.

Argo Blockchain (NASDAQ:ARBK) last posted its quarterly earnings data on Wednesday, August 28th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.12). Argo Blockchain had a negative net margin of 93.70% and a negative return on equity of 4,172.69%. The firm had revenue of $12.42 million during the quarter, compared to analysts’ expectations of $13.40 million. Sell-side analysts forecast that Argo Blockchain plc will post -0.63 EPS for the current year.

Analyst Ratings Changes

Separately, HC Wainwright reissued a “neutral” rating on shares of Argo Blockchain in a research report on Thursday, August 29th.

Argo Blockchain Profile

Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for complex cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017.