Halter Ferguson Financial Inc. Has $7.30 Million Position in BitMine Immersion Technologies, Inc. $BMNR

Halter Ferguson Financial Inc. boosted its holdings in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR) by 81.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 369,082 shares of the company’s stock after buying an additional 165,976 shares during the quarter. BitMine Immersion Technologies comprises 1.6% of Halter Ferguson Financial Inc.’s portfolio, making the stock its 10th biggest holding. Halter Ferguson Financial Inc.’s holdings in BitMine Immersion Technologies were worth $7,300,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Ascentis Independent Advisors acquired a new stake in shares of BitMine Immersion Technologies in the first quarter worth about $75,000. GM Advisory Group LLC increased its holdings in shares of BitMine Immersion Technologies by 7.0% during the 1st quarter. GM Advisory Group LLC now owns 15,350 shares of the company’s stock valued at $304,000 after acquiring an additional 1,000 shares during the last quarter. PFG Investments LLC raised its stake in shares of BitMine Immersion Technologies by 53.7% in the 1st quarter. PFG Investments LLC now owns 31,617 shares of the company’s stock valued at $625,000 after acquiring an additional 11,040 shares in the last quarter. World Investment Advisors raised its stake in shares of BitMine Immersion Technologies by 36.3% in the 1st quarter. World Investment Advisors now owns 17,684 shares of the company’s stock valued at $350,000 after acquiring an additional 4,709 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in BitMine Immersion Technologies by 51.3% in the 1st quarter. Private Advisor Group LLC now owns 213,430 shares of the company’s stock worth $4,222,000 after purchasing an additional 72,326 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have issued reports on BMNR. Weiss Ratings began coverage on BitMine Immersion Technologies in a research report on Friday, April 17th. They set a “sell (d-)” rating for the company. Cantor Fitzgerald dropped their price target on shares of BitMine Immersion Technologies from $39.00 to $30.30 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.15.

BitMine Immersion Technologies Stock Performance

BMNR stock opened at $15.55 on Tuesday. The company has a 50-day moving average of $18.07 and a two-hundred day moving average of $21.86. BitMine Immersion Technologies, Inc. has a 52-week low of $12.80 and a 52-week high of $134.48.

BitMine Immersion Technologies (NYSE:BMNR) last posted its quarterly earnings data on Tuesday, April 14th. The company reported ($0.08) EPS for the quarter. BitMine Immersion Technologies had a positive return on equity of 5.59% and a negative net margin of 51,892.77%.The business had revenue of $11.04 million during the quarter. Equities analysts anticipate that BitMine Immersion Technologies, Inc. will post 0.29 EPS for the current fiscal year.

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.