32,135 Shares in Mawson Infrastructure Group Inc. (NASDAQ:MIGI) Acquired by Regal Partners Ltd

Regal Partners Ltd bought a new stake in Mawson Infrastructure Group Inc. (NASDAQ:MIGI) in the 3rd quarter, HoldingsChannel reports. The firm bought 32,135 shares of the company’s stock, valued at approximately $40,000.

Separately, Virtu Financial LLC grew its holdings in shares of Mawson Infrastructure Group by 232.3% in the first quarter. Virtu Financial LLC now owns 33,984 shares of the company’s stock valued at $52,000 after purchasing an additional 23,758 shares during the period. 6.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ryan Costello sold 48,395 shares of Mawson Infrastructure Group stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $1.25, for a total value of $60,493.75. Following the completion of the sale, the director now owns 70,000 shares in the company, valued at approximately $87,500. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.44% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “neutral” rating on shares of Mawson Infrastructure Group in a report on Wednesday, August 21st.

Mawson Infrastructure Group Price Performance

MIGI stock opened at $1.90 on Thursday. Mawson Infrastructure Group Inc. has a 52-week low of $0.46 and a 52-week high of $4.40. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.09. The stock has a market cap of $35.25 million, a price-to-earnings ratio of -0.52 and a beta of 3.16. The business has a fifty day moving average of $1.42 and a two-hundred day moving average of $1.39.

Mawson Infrastructure Group (NASDAQ:MIGI) last released its quarterly earnings results on Monday, August 19th. The company reported ($0.55) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.14. The business had revenue of $13.11 million during the quarter, compared to analysts’ expectations of $13.20 million. Mawson Infrastructure Group had a negative return on equity of 216.70% and a negative net margin of 107.21%. As a group, research analysts anticipate that Mawson Infrastructure Group Inc. will post -1.6 earnings per share for the current year.

Mawson Infrastructure Group Company Profile

Mawson Infrastructure Group Inc develops and operates digital infrastructure for digital currency on the bitcoin blockchain network in the United States. It engages in digital currency or bitcoin self-mining, customer co-location and related services, and energy markets, as well as operates data center facilities.