M Holdings Securities Inc. purchased a new stake in Riot Blockchain Inc (NASDAQ:RIOT) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 7,500 shares of the technology company’s stock, valued at approximately $1,397,000.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Riot Blockchain in the fourth quarter valued at about $108,000. Two Sigma Advisers LP acquired a new position in shares of Riot Blockchain in the fourth quarter valued at about $372,000. Sigma Planning Corp acquired a new position in shares of Riot Blockchain in the fourth quarter valued at about $404,000. Bank of Montreal Can acquired a new position in shares of Riot Blockchain in the fourth quarter valued at about $448,000. Finally, California Public Employees Retirement System acquired a new position in shares of Riot Blockchain in the fourth quarter valued at about $480,000. Institutional investors and hedge funds own 13.58% of the company’s stock.
Separately, BidaskClub downgraded shares of Riot Blockchain from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 30th.
Riot Blockchain Inc (NASDAQ RIOT) opened at $8.40 on Thursday. Riot Blockchain Inc has a one year low of $3.06 and a one year high of $46.20.
In other Riot Blockchain news, CEO John R. O’rourke III sold 30,383 shares of the stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $28.61, for a total transaction of $869,257.63. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.40% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.dispatchtribunal.com/2018/03/15/m-holdings-securities-inc-purchases-shares-of-7500-riot-blockchain-inc-riot.html.
Riot Blockchain Company Profile
Riot Blockchain Inc, formerly Bioptix, Inc, intends to gain exposure to the block chain ecosystem through targeted investments in the sector, with a primary focus on the bitcoin and Ethereum blockchains. The Company also provides Enhanced Surface Plasmon Resonance (SPR) platform for the detection of molecular interactions.
Want to see what other hedge funds are holding RIOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Riot Blockchain Inc (NASDAQ:RIOT).
Receive News & Ratings for Riot Blockchain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riot Blockchain and related companies with MarketBeat.com's FREE daily email newsletter.