Anthracite Investment Company Inc. Takes Position in TeraWulf Inc. $WULF

Anthracite Investment Company Inc. acquired a new stake in TeraWulf Inc. (NASDAQ:WULF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 36,000 shares of the company’s stock, valued at approximately $158,000.

Other large investors have also modified their holdings of the company. Hodges Capital Management Inc. boosted its holdings in shares of TeraWulf by 17,747.4% in the first quarter. Hodges Capital Management Inc. now owns 3,569,479 shares of the company’s stock valued at $9,745,000 after acquiring an additional 3,549,479 shares during the period. Nuveen LLC acquired a new stake in shares of TeraWulf in the first quarter valued at approximately $1,770,000. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in shares of TeraWulf in the first quarter valued at approximately $263,000. Quantbot Technologies LP acquired a new stake in shares of TeraWulf in the first quarter valued at approximately $3,702,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of TeraWulf in the second quarter valued at approximately $470,000. 62.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WULF. JMP Securities increased their price objective on TeraWulf from $13.00 to $18.00 and gave the company a “market outperform” rating in a report on Tuesday. Cantor Fitzgerald increased their price target on TeraWulf from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Roth Capital increased their price target on TeraWulf from $7.00 to $12.50 and gave the stock a “buy” rating in a report on Friday, August 15th. B. Riley reissued a “buy” rating on shares of TeraWulf in a report on Wednesday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of TeraWulf in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, TeraWulf currently has a consensus rating of “Moderate Buy” and an average price target of $13.35.

TeraWulf Price Performance

TeraWulf stock opened at $13.71 on Friday. TeraWulf Inc. has a one year low of $2.06 and a one year high of $16.19. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.66 and a current ratio of 0.66. The business has a fifty day moving average of $11.21 and a two-hundred day moving average of $6.59. The company has a market cap of $5.59 billion, a P/E ratio of -39.17 and a beta of 3.44.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings results on Friday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $47.64 million for the quarter, compared to analyst estimates of $46.30 million. TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.The company’s quarterly revenue was up 33.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) EPS. As a group, analysts predict that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Amanda Fabiano sold 4,600 shares of TeraWulf stock in a transaction on Friday, August 15th. The stock was sold at an average price of $8.64, for a total transaction of $39,744.00. Following the completion of the transaction, the director owned 40,769 shares of the company’s stock, valued at $352,244.16. The trade was a 10.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 19.90% of the stock is owned by company insiders.

TeraWulf Profile

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.