SG Americas Securities LLC Takes $982,000 Position in BitMine Immersion Technologies, Inc. $BMNR

SG Americas Securities LLC bought a new position in shares of BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 18,915 shares of the company’s stock, valued at approximately $982,000.

Several other hedge funds have also added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. acquired a new stake in BitMine Immersion Technologies during the 3rd quarter worth $30,000. HM Payson & Co. acquired a new stake in shares of BitMine Immersion Technologies during the third quarter worth $35,000. Rise Advisors LLC bought a new stake in BitMine Immersion Technologies in the third quarter valued at about $55,000. City Holding Co. acquired a new position in BitMine Immersion Technologies in the third quarter valued at about $93,000. Finally, HBK Sorce Advisory LLC bought a new position in BitMine Immersion Technologies during the third quarter worth about $176,000.

Analyst Ratings Changes

A number of analysts have recently commented on BMNR shares. B. Riley lowered their price target on BitMine Immersion Technologies from $90.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Cantor Fitzgerald began coverage on shares of BitMine Immersion Technologies in a report on Monday, January 5th. They set an “overweight” rating and a $39.00 price objective for the company. Finally, Zacks Research upgraded shares of BitMine Immersion Technologies to a “hold” rating in a report on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $43.00.

BitMine Immersion Technologies Trading Up 0.9%

NYSEAMERICAN:BMNR opened at $31.16 on Monday. The company’s 50-day simple moving average is $32.05. BitMine Immersion Technologies, Inc. has a fifty-two week low of $3.20 and a fifty-two week high of $161.00.

BitMine Immersion Technologies (NYSEAMERICAN:BMNR) last announced its earnings results on Tuesday, January 13th. The company reported ($12.74) EPS for the quarter. BitMine Immersion Technologies had a positive return on equity of 7.89% and a negative net margin of 67,546.19%.The company had revenue of $2.29 million for the quarter.

BitMine Immersion Technologies Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 8th were given a $0.01 dividend. This represents a yield of 3.0%. The ex-dividend date of this dividend was Monday, December 8th.

About BitMine Immersion Technologies

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.