Gregory A. Beard Sells 14,201 Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Stock

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) CEO Gregory A. Beard sold 14,201 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $3.85, for a total transaction of $54,673.85. Following the completion of the sale, the chief executive officer now owns 446,533 shares of the company’s stock, valued at approximately $1,719,152.05. This represents a 3.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Stronghold Digital Mining Trading Down 2.7 %

SDIG stock opened at $3.92 on Friday. Stronghold Digital Mining, Inc. has a one year low of $1.65 and a one year high of $10.73. The stock has a market cap of $67.59 million, a price-to-earnings ratio of -1.06 and a beta of 2.92. The company has a fifty day moving average price of $4.91 and a two-hundred day moving average price of $4.35. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.27 and a quick ratio of 0.21.

Institutional Trading of Stronghold Digital Mining

A number of hedge funds have recently modified their holdings of the stock. Anson Funds Management LP acquired a new position in Stronghold Digital Mining in the 3rd quarter valued at about $2,466,000. Walleye Capital LLC acquired a new position in shares of Stronghold Digital Mining in the third quarter valued at approximately $1,022,000. K2 Principal Fund L.P. bought a new position in shares of Stronghold Digital Mining during the third quarter worth approximately $882,000. Geode Capital Management LLC lifted its holdings in Stronghold Digital Mining by 83.0% during the 3rd quarter. Geode Capital Management LLC now owns 168,124 shares of the company’s stock worth $849,000 after purchasing an additional 76,260 shares during the last quarter. Finally, Thomist Capital Management LP bought a new stake in Stronghold Digital Mining in the 2nd quarter valued at $485,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley upgraded shares of Stronghold Digital Mining from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th.

About Stronghold Digital Mining

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.