Ameritas Advisory Services LLC Takes $5.25 Million Position in BitMine Immersion Technologies, Inc. $BMNR

Ameritas Advisory Services LLC purchased a new stake in BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 101,050 shares of the company’s stock, valued at approximately $5,248,000.

Several other large investors have also recently bought and sold shares of BMNR. CNB Bank bought a new position in BitMine Immersion Technologies in the 3rd quarter valued at $26,000. Quintet Private Bank Europe S.A. bought a new position in BitMine Immersion Technologies in the third quarter valued at about $30,000. Guerra Advisors Inc bought a new position in BitMine Immersion Technologies in the third quarter valued at about $31,000. Wellington Shields Capital Management LLC acquired a new stake in BitMine Immersion Technologies in the third quarter worth about $31,000. Finally, HM Payson & Co. bought a new stake in BitMine Immersion Technologies during the 3rd quarter worth about $35,000.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Zacks Research upgraded shares of BitMine Immersion Technologies to a “hold” rating in a research report on Friday, October 17th. Cantor Fitzgerald assumed coverage on shares of BitMine Immersion Technologies in a research note on Monday, January 5th. They set an “overweight” rating and a $39.00 price target for the company. Finally, B. Riley Financial reduced their price objective on shares of BitMine Immersion Technologies from $90.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Two investment 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 company. According to data from MarketBeat, BitMine Immersion Technologies presently has an average rating of “Buy” and a consensus target price of $43.00.

BitMine Immersion Technologies Stock Up 1.4%

BMNR opened at $19.74 on Friday. BitMine Immersion Technologies, Inc. has a 12 month low of $3.20 and a 12 month high of $161.00. The firm’s fifty day simple moving average is $28.94 and its 200 day simple moving average is $40.01.

BitMine Immersion Technologies (NYSEAMERICAN:BMNR) last released its quarterly earnings results on Tuesday, January 13th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $2.29 million during the quarter. BitMine Immersion Technologies had a negative net margin of 67,546.19% and a positive return on equity of 7.89%.

BitMine Immersion Technologies Dividend Announcement

The company also recently announced 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.

BitMine Immersion Technologies Company 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.