Norges Bank purchased a new stake in Galaxy Digital Inc. (NASDAQ:GLXY – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,431,241 shares of the company’s stock, valued at approximately $32,045,000. Norges Bank owned approximately 0.37% of Galaxy Digital at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cornerstone Select Advisors LLC acquired a new stake in Galaxy Digital during the 4th quarter worth $384,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Galaxy Digital in the 4th quarter worth $71,000. Hillsdale Investment Management Inc. acquired a new position in Galaxy Digital during the 4th quarter worth approximately $6,984,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Galaxy Digital in the fourth quarter valued at $46,000. Finally, Thoroughbred Financial Services LLC acquired a new stake in Galaxy Digital in the fourth quarter valued at $393,000.
Insider Activity at Galaxy Digital
In other Galaxy Digital news, Director Michael D. Daffey sold 250,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $28.77, for a total transaction of $7,192,500.00. Following the sale, the director directly owned 1,505,419 shares in the company, valued at approximately $43,310,904.63. The trade was a 14.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 51.53% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on GLXY
Galaxy Digital Stock Performance
Shares of GLXY opened at $32.68 on Wednesday. The firm has a market cap of $12.74 billion and a price-to-earnings ratio of -68.08. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.94. Galaxy Digital Inc. has a 52-week low of $16.43 and a 52-week high of $45.92. The business’s 50 day moving average is $26.27 and its two-hundred day moving average is $25.09.
Galaxy Digital (NASDAQ:GLXY – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.10. The firm had revenue of $10.21 billion for the quarter. Galaxy Digital had a negative return on equity of 2.30% and a negative net margin of 0.54%.During the same quarter in the previous year, the company earned ($0.86) EPS. Analysts forecast that Galaxy Digital Inc. will post -0.32 EPS for the current fiscal year.
About Galaxy Digital
Galaxy Digital Holdings Ltd. (NASDAQ:GLXY) is a diversified financial services and investment management firm dedicated to the digital assets and blockchain technology sectors. Established in 2018 by Mike Novogratz, the company operates across trading, asset management, principal investing and advisory services. Galaxy Digital caters to institutional clients, high-net-worth investors and corporations seeking exposure to cryptocurrencies, decentralized finance (DeFi) protocols and other blockchain-based assets.
In its trading division, Galaxy Digital provides market-making, execution and over-the-counter (OTC) solutions for a wide range of digital tokens.
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