TrinityPoint Wealth LLC Decreases Holdings in Soluna Holdings, Inc. (NASDAQ:SLNH)

TrinityPoint Wealth LLC trimmed its position in shares of Soluna Holdings, Inc. (NASDAQ:SLNH) by 24.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,027 shares of the company’s stock after selling 7,073 shares during the quarter. TrinityPoint Wealth LLC owned 0.38% of Soluna worth $69,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Coastal Bridge Advisors LLC bought a new position in Soluna in the second quarter valued at about $61,000. 23.19% of the stock is currently owned by institutional investors.

Soluna Trading Down 10.0 %

Shares of NASDAQ:SLNH opened at $3.33 on Tuesday. Soluna Holdings, Inc. has a 52-week low of $1.40 and a 52-week high of $8.80. The stock has a market capitalization of $26.51 million, a price-to-earnings ratio of -0.23 and a beta of 2.93. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s 50-day simple moving average is $3.48 and its two-hundred day simple moving average is $4.00.

Insider Buying and Selling

In other Soluna news, Director Michael Toporek sold 24,420 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $3.59, for a total value of $87,667.80. Following the transaction, the director now directly owns 30,980 shares in the company, valued at approximately $111,218.20. This trade represents a 44.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.30% of the stock is currently owned by insiders.

About Soluna

Soluna Holdings, Inc together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining.