The OLB Group (NASDAQ:OLB) Announces Quarterly Earnings Results

The OLB Group (NASDAQ:OLB – Get Rating) announced its earnings results on Monday. The company reported ($0.10) EPS for the quarter, reports. The firm had revenue of $8.79 million during the quarter. The OLB Group had a negative return on equity of 21.63% and a negative net margin of 22.92%.

Shares of OLB opened at $1.18 on Thursday. The OLB Group has a one year low of $0.96 and a one year high of $12.80. The company’s fifty day moving average price is $1.58 and its 200 day moving average price is $2.63.

A number of institutional investors and hedge funds have recently made changes to their positions in OLB. Geode Capital Management LLC bought a new position in shares of The OLB Group during the 3rd quarter worth about $79,000. Jane Street Group LLC bought a new position in shares of The OLB Group during the 3rd quarter worth about $59,000. Renaissance Technologies LLC bought a new position in shares of The OLB Group during the 4th quarter worth about $244,000. Susquehanna International Group LLP bought a new position in shares of The OLB Group during the 4th quarter worth about $88,000. Finally, Virtu Financial LLC increased its holdings in shares of The OLB Group by 93.7% during the 4th quarter. Virtu Financial LLC now owns 63,891 shares of the company’s stock worth $169,000 after purchasing an additional 30,908 shares during the period. Hedge funds and other institutional investors own 17.68% of the company’s stock.

About The OLB Group (Get Rating)

The OLB Group, Inc is a diversified fintech e-commerce merchant services provider and Bitcoin crypto mining enterprise. The Company’s eCommerce platform delivers e-commerce services for a digital commerce solution to over 10,500 merchants in all 50 states. The Company’s wholly owned subsidiary, DMINT, Inc, is engaged in the mining of Bitcoin utilizing low carbon natural gas with over 1,000 application-specific integrated circuit (ASIC)-based S19j Pro 96T mining computers.

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