FirstWave Capital Management LLC purchased a new position in shares of Galaxy Digital Inc. (NASDAQ:GLXY – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 46,152 shares of the company’s stock, valued at approximately $1,262,000.
Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in Galaxy Digital in the second quarter worth $30,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Galaxy Digital by 183.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,434 shares of the company’s stock valued at $32,000 after purchasing an additional 928 shares during the period. Picton Mahoney Asset Management grew its holdings in shares of Galaxy Digital by 200.0% in the fourth quarter. Picton Mahoney Asset Management now owns 1,500 shares of the company’s stock worth $34,000 after purchasing an additional 1,000 shares during the last quarter. Danske Bank A S bought a new position in shares of Galaxy Digital in the fourth quarter worth about $36,000. Finally, Itau Unibanco Holding S.A. purchased a new position in Galaxy Digital in the 4th quarter worth about $49,000.
Insider Activity at Galaxy Digital
In other Galaxy Digital news, Director Steven Bandrowczak acquired 5,100 shares of Galaxy Digital stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $19.63 per share, with a total value of $100,113.00. Following the completion of the purchase, the director directly owned 39,186 shares of the company’s stock, valued at approximately $769,221.18. This represents a 14.96% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas Deason bought 12,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were bought at an average price of $21.54 per share, with a total value of $258,480.00. Following the acquisition, the director owned 71,000 shares of the company’s stock, valued at $1,529,340. This trade represents a 20.34% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 51.53% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Research Report on Galaxy Digital
Galaxy Digital Stock Down 0.6%
Shares of Galaxy Digital stock opened at $26.33 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.50 and a quick ratio of 1.50. Galaxy Digital Inc. has a 1 year low of $16.43 and a 1 year high of $45.92. The firm’s 50-day moving average is $23.21 and its two-hundred day moving average is $24.71. The stock has a market cap of $10.29 billion, a price-to-earnings ratio of -40.51 and a beta of 5.10.
Galaxy Digital (NASDAQ:GLXY – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.27. Galaxy Digital had a negative net margin of 0.75% and a negative return on equity of 6.25%. The business had revenue of $8.71 billion for the quarter. During the same period last year, the business posted $0.08 EPS. As a group, research analysts expect that Galaxy Digital Inc. will post -0.82 earnings per share for the current fiscal year.
Galaxy Digital Company Profile
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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