22,186 Shares in BitMine Immersion Technologies, Inc. $BMNR Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC purchased a new position in BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,186 shares of the company’s stock, valued at approximately $1,152,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BMNR. Strong Tower Advisory Services acquired a new stake in shares of BitMine Immersion Technologies in the 3rd quarter valued at about $14,354,000. Voya Investment Management LLC bought a new position in BitMine Immersion Technologies in the third quarter worth approximately $2,327,000. Halter Ferguson Financial Inc. acquired a new stake in BitMine Immersion Technologies in the third quarter valued at approximately $11,318,000. Ariose Capital Management Ltd bought a new stake in shares of BitMine Immersion Technologies during the third quarter valued at approximately $2,333,000. Finally, Oriental Harbor Investment Master Fund bought a new stake in shares of BitMine Immersion Technologies during the third quarter valued at approximately $9,652,000.

BitMine Immersion Technologies Stock Performance

Shares of NYSEAMERICAN:BMNR opened at $30.06 on Friday. The firm’s 50 day moving average is $32.93. BitMine Immersion Technologies, Inc. has a 12-month low of $3.20 and a 12-month high of $161.00. The stock has a market capitalization of $12.80 billion and a PE ratio of -68.32.

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

BitMine Immersion Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BMNR shares. Cantor Fitzgerald initiated coverage on shares of BitMine Immersion Technologies in a research report on Monday. They issued an “overweight” rating and a $39.00 price target for the company. B. Riley dropped 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. Finally, Zacks Research upgraded shares of BitMine Immersion Technologies to a “hold” rating in a report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $43.00.

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.