22,850 Shares in Argo Blockchain plc (NASDAQ:ARBK) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Argo Blockchain plc (NASDAQ:ARBK) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 22,850 shares of the company’s stock, valued at approximately $28,000.

Other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC raised its position in shares of Argo Blockchain by 488.7% in the 3rd quarter. Jane Street Group LLC now owns 976,414 shares of the company’s stock worth $1,181,000 after buying an additional 810,559 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Argo Blockchain during the second quarter worth about $49,000. Finally, XTX Topco Ltd raised its holdings in shares of Argo Blockchain by 144.5% in the 3rd quarter. XTX Topco Ltd now owns 59,426 shares of the company’s stock worth $72,000 after purchasing an additional 35,118 shares during the period. 2.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “neutral” rating on shares of Argo Blockchain in a research note on Thursday, November 21st.

Argo Blockchain Trading Up 3.8 %

Shares of ARBK opened at $0.63 on Friday. Argo Blockchain plc has a one year low of $0.58 and a one year high of $4.45. The stock has a 50-day moving average price of $1.05 and a 200 day moving average price of $1.19. The company has a debt-to-equity ratio of 5.06, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market capitalization of $40.03 million, a P/E ratio of -0.87 and a beta of 1.81.

Argo Blockchain Company Profile

Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for complex cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017.