32,135 Shares in Mawson Infrastructure Group Inc. (NASDAQ:MIGI) Purchased by Regal Partners Ltd

Regal Partners Ltd purchased a new stake in shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 32,135 shares of the company’s stock, valued at approximately $40,000. Regal Partners Ltd owned approximately 0.17% of Mawson Infrastructure Group at the end of the most recent quarter.

Separately, Virtu Financial LLC raised its position in shares of Mawson Infrastructure Group by 232.3% in the first quarter. Virtu Financial LLC now owns 33,984 shares of the company’s stock worth $52,000 after acquiring an additional 23,758 shares during the period. 6.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “neutral” rating on shares of Mawson Infrastructure Group in a research report on Wednesday, August 21st.

Mawson Infrastructure Group Stock Performance

NASDAQ:MIGI opened at $1.90 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $35.25 million, a PE ratio of -0.52 and a beta of 3.16. Mawson Infrastructure Group Inc. has a fifty-two week low of $0.46 and a fifty-two week high of $4.40. The company has a fifty day moving average of $1.42 and a two-hundred day moving average of $1.39.

Mawson Infrastructure Group (NASDAQ:MIGI) last released its earnings results on Monday, August 19th. The company reported ($0.55) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.14. The business had revenue of $13.11 million during the quarter, compared to analysts’ expectations of $13.20 million. Mawson Infrastructure Group had a negative net margin of 107.21% and a negative return on equity of 216.70%. As a group, research analysts forecast that Mawson Infrastructure Group Inc. will post -1.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ryan Costello sold 48,395 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $1.25, for a total value of $60,493.75. Following the completion of the transaction, the director now directly owns 70,000 shares of the company’s stock, valued at approximately $87,500. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.44% of the stock is owned by company insiders.

About Mawson Infrastructure Group

Mawson Infrastructure Group Inc develops and operates digital infrastructure for digital currency on the bitcoin blockchain network in the United States. It engages in digital currency or bitcoin self-mining, customer co-location and related services, and energy markets, as well as operates data center facilities.