Virtu Financial LLC Takes $36,000 Position in Soluna Holdings, Inc. (NASDAQ:SLNH)

Virtu Financial LLC acquired a new position in Soluna Holdings, Inc. (NASDAQ:SLNH) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,506 shares of the company’s stock, valued at approximately $36,000.

Separately, Coastal Bridge Advisors LLC purchased a new stake in shares of Soluna in the 2nd quarter worth approximately $61,000. Institutional investors and hedge funds own 23.19% of the company’s stock.

Insider Buying and Selling at Soluna

In other Soluna news, Director Michael Toporek sold 11,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $3.23, for a total value of $35,530.00. Following the completion of the transaction, the director now directly owns 79,100 shares in the company, valued at approximately $255,493. The trade was a 12.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Jessica L. Thomas sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $11.98, for a total transaction of $39,534.00. Following the completion of the sale, the chief accounting officer now owns 6,700 shares in the company, valued at $80,266. This represents a 33.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,255 shares of company stock valued at $332,029. 27.30% of the stock is currently owned by corporate insiders.

Soluna Price Performance

NASDAQ SLNH opened at $2.30 on Friday. The company has a market cap of $19.25 million, a PE ratio of -0.16 and a beta of 2.89. Soluna Holdings, Inc. has a 52-week low of $1.40 and a 52-week high of $8.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.59. The firm’s 50 day moving average price is $3.49 and its 200-day moving average price is $4.07.

Soluna Company Profile

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.