272 Capital LP Buys Shares of 254,041 Bitcoin Depot Inc. (NASDAQ:BTM)

272 Capital LP purchased a new position in Bitcoin Depot Inc. (NASDAQ:BTM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 254,041 shares of the company’s stock, valued at approximately $401,000.

Separately, Renaissance Technologies LLC boosted its stake in Bitcoin Depot by 122.1% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock worth $85,000 after buying an additional 26,000 shares in the last quarter. Hedge funds and other institutional investors own 9.18% of the company’s stock.

Bitcoin Depot Trading Down 1.2 %

Shares of Bitcoin Depot stock opened at $1.90 on Friday. The company’s fifty day simple moving average is $1.76 and its two-hundred day simple moving average is $1.72. Bitcoin Depot Inc. has a 12-month low of $1.33 and a 12-month high of $3.70. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.91 and a quick ratio of 0.91.

Analyst Ratings Changes

Several research analysts have commented on the stock. Noble Financial raised shares of Bitcoin Depot to a “strong-buy” rating in a research note on Thursday, October 17th. HC Wainwright decreased their target price on shares of Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Thursday, August 15th.

Bitcoin Depot Company Profile

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade.