PI Global Investments
Infrastructure

Exchange Traded Concepts LLC Invests $1.18 Million in Mawson Infrastructure Group, Inc. (NASDAQ:MIGI)


Exchange Traded Concepts LLC acquired a new position in Mawson Infrastructure Group, Inc. (NASDAQ:MIGIGet Rating) during the first quarter, according to its most recent filing with the SEC. The firm acquired 229,917 shares of the company’s stock, valued at approximately $1,175,000. Exchange Traded Concepts LLC owned about 0.32% of Mawson Infrastructure Group as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of MIGI. Van ECK Associates Corp bought a new stake in shares of Mawson Infrastructure Group in the 4th quarter worth approximately $2,225,000. Bank Hapoalim BM grew its position in shares of Mawson Infrastructure Group by 123.3% in the 4th quarter. Bank Hapoalim BM now owns 46,345 shares of the company’s stock worth $307,000 after buying an additional 25,589 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Mawson Infrastructure Group in the 4th quarter worth approximately $51,000. Finally, Empowered Funds LLC bought a new stake in shares of Mawson Infrastructure Group in the 4th quarter worth approximately $589,000. Hedge funds and other institutional investors own 3.24% of the company’s stock.

NASDAQ MIGI opened at $1.13 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.26. Mawson Infrastructure Group, Inc. has a twelve month low of $0.98 and a twelve month high of $17.25. The firm has a market capitalization of $81.91 million, a PE ratio of 7.06 and a beta of 2.57. The stock’s 50 day moving average is $2.11 and its 200 day moving average is $3.76.

Mawson Infrastructure Group (NASDAQ:MIGIGet Rating) last released its quarterly earnings results on Monday, May 16th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.19). Mawson Infrastructure Group had a negative net margin of 31.51% and a negative return on equity of 19.59%. The firm had revenue of $19.42 million for the quarter, compared to the consensus estimate of $21.30 million. On average, research analysts anticipate that Mawson Infrastructure Group, Inc. will post 0.2 earnings per share for the current year.

Separately, Cantor Fitzgerald reiterated an “overweight” rating and issued a $12.00 price objective on shares of Mawson Infrastructure Group in a research report on Tuesday, June 28th.

Mawson Infrastructure Group Profile (Get Rating)

Mawson Infrastructure Group Inc, a digital infrastructure provider, operates in cryptocurrency mining in the United States and Australia. It owns and operates modular data centers. The company is based in North Sydney, Australia.

See Also

Want to see what other hedge funds are holding MIGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mawson Infrastructure Group, Inc. (NASDAQ:MIGIGet Rating).

Institutional Ownership by Quarter for Mawson Infrastructure Group (NASDAQ:MIGI)



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