Rockefeller Capital Management L.P. Sells 107,961 Shares of BitMine Immersion Technologies, Inc. $BMNR

Rockefeller Capital Management L.P. lowered its position in BitMine Immersion Technologies, Inc. (NYSE:BMNR) by 38.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 172,425 shares of the company’s stock after selling 107,961 shares during the period. Rockefeller Capital Management L.P.’s holdings in BitMine Immersion Technologies were worth $4,681,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Advocates LLC acquired a new stake in BitMine Immersion Technologies in the third quarter valued at approximately $27,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of BitMine Immersion Technologies during the 4th quarter worth $27,000. Ankerstar Wealth LLC bought a new position in shares of BitMine Immersion Technologies during the 4th quarter valued at $27,000. Lodestone Wealth Management LLC bought a new position in shares of BitMine Immersion Technologies during the 4th quarter valued at $30,000. Finally, Trust Co. of Vermont lifted its stake in shares of BitMine Immersion Technologies by 424.4% in the 4th quarter. Trust Co. of Vermont now owns 1,180 shares of the company’s stock valued at $32,000 after purchasing an additional 955 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have weighed in on BMNR. Weiss Ratings began coverage on BitMine Immersion Technologies in a report on Friday, April 17th. They set a “sell (d-)” rating on the stock. Cantor Fitzgerald raised BitMine Immersion Technologies to a “strong-buy” rating in a report on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, BitMine Immersion Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $34.50.

BitMine Immersion Technologies Trading Up 1.9%

NYSE:BMNR opened at $13.57 on Friday. The firm has a market capitalization of $7.73 billion and a PE ratio of -104.37. BitMine Immersion Technologies, Inc. has a 1 year low of $4.07 and a 1 year high of $161.00. The firm’s fifty day simple moving average is $19.05 and its 200 day simple moving average is $22.86.

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

BitMine Immersion Technologies 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.