Sapient Capital LLC Takes Position in BitMine Immersion Technologies, Inc. $BMNR

Sapient Capital LLC purchased a new position in BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,480 shares of the company’s stock, valued at approximately $1,143,000.

A number of other institutional investors have also recently added to or reduced their stakes in BMNR. MBL Wealth LLC acquired a new stake in BitMine Immersion Technologies in the third quarter worth $961,000. HBK Sorce Advisory LLC bought a new position in shares of BitMine Immersion Technologies during the third quarter worth about $176,000. TrueWealth Advisors LLC bought a new position in shares of BitMine Immersion Technologies during the third quarter worth about $959,000. CWM LLC acquired a new stake in shares of BitMine Immersion Technologies in the 3rd quarter worth about $199,000. Finally, Milestone Asset Management LLC bought a new stake in BitMine Immersion Technologies in the 3rd quarter valued at about $403,000.

Analyst Ratings Changes

Several research analysts have commented on the stock. B. Riley decreased their target price on shares of BitMine Immersion Technologies from $90.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Zacks Research raised BitMine Immersion Technologies to a “hold” rating in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $47.00.

BitMine Immersion Technologies Price Performance

BMNR stock opened at $28.31 on Monday. The stock’s 50-day moving average is $36.96. The company has a market cap of $12.06 billion and a P/E ratio of -64.34. BitMine Immersion Technologies, Inc. has a 52 week low of $3.20 and a 52 week high of $161.00.

BitMine Immersion Technologies (NYSEAMERICAN:BMNR) last posted its quarterly earnings data on Friday, November 21st. The company reported $15.90 earnings per share (EPS) for the quarter. BitMine Immersion Technologies had a net margin of 5,719.06% and a return on equity of 16.02%. The business had revenue of $1.32 million during the quarter.

BitMine Immersion Technologies Announces Dividend

The company also recently declared an annual dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 8th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, December 8th. This represents a dividend yield of 3.0%.

BitMine Immersion Technologies Profile

BitMine Immersion Technologies, Inc (NYSE American: BMNR) is an engineering and technology company specializing in immersion cooling solutions for digital asset mining and high-performance computing (HPC) applications. The company develops proprietary direct-to-chip systems that submerge servers in non-conductive dielectric fluids to efficiently remove heat, enabling clients to achieve higher processing density and improved energy efficiency.

BitMine offers turnkey services spanning system design, equipment supply, installation and ongoing maintenance.