M Holdings Securities Inc. bought a new stake in shares of Riot Blockchain Inc (NASDAQ:RIOT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,500 shares of the technology company’s stock, valued at approximately $1,397,000. M Holdings Securities Inc. owned about 0.06% of Riot Blockchain as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in RIOT. Renaissance Technologies LLC acquired a new position in shares of Riot Blockchain during the 4th quarter valued at about $7,042,000. Millennium Management LLC acquired a new stake in Riot Blockchain in the 4th quarter valued at approximately $2,704,000. Geode Capital Management LLC acquired a new stake in Riot Blockchain in the 4th quarter valued at approximately $1,419,000. Perkins Capital Management Inc. acquired a new stake in Riot Blockchain in the 4th quarter valued at approximately $568,000. Finally, California Public Employees Retirement System acquired a new stake in Riot Blockchain in the 4th quarter valued at approximately $480,000. 13.60% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub downgraded Riot Blockchain from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 30th.
In related news, CEO John R. O’rourke III sold 30,383 shares of the firm’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $28.61, for a total transaction of $869,257.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is owned by company insiders.
Shares of Riot Blockchain stock traded down $0.31 during mid-day trading on Thursday, hitting $7.63. The company’s stock had a trading volume of 362,382 shares, compared to its average volume of 2,222,701. Riot Blockchain Inc has a 52 week low of $3.26 and a 52 week high of $46.20.
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About Riot Blockchain
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.
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