Y Intercept Hong Kong Ltd Makes New $9.13 Million Investment in Galaxy Digital Inc. $GLXY

Y Intercept Hong Kong Ltd bought a new stake in shares of Galaxy Digital Inc. (NASDAQ:GLXY) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 269,976 shares of the company’s stock, valued at approximately $9,128,000. Y Intercept Hong Kong Ltd owned approximately 0.07% of Galaxy Digital as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. CWM LLC increased its stake in shares of Galaxy Digital by 20.8% in the 3rd quarter. CWM LLC now owns 1,419 shares of the company’s stock worth $48,000 after acquiring an additional 244 shares in the last quarter. ORG Partners LLC boosted its stake in Galaxy Digital by 1,110.0% during the third quarter. ORG Partners LLC now owns 968 shares of the company’s stock worth $36,000 after acquiring an additional 888 shares in the last quarter. North Star Investment Management Corp. purchased a new stake in Galaxy Digital in the third quarter worth about $34,000. Manchester Capital Management LLC bought a new position in shares of Galaxy Digital during the second quarter valued at approximately $32,000. Finally, Centerpoint Advisors LLC bought a new position in shares of Galaxy Digital during the second quarter valued at approximately $33,000.

Insider Activity at Galaxy Digital

In related news, Director Douglas R. Deason purchased 10,000 shares of Galaxy Digital stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $29.59 per share, for a total transaction of $295,900.00. Following the completion of the purchase, the director directly owned 10,000 shares of the company’s stock, valued at $295,900. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Galaxy Digital Stock Up 3.2%

GLXY stock opened at $31.90 on Friday. The stock has a market capitalization of $12.46 billion and a P/E ratio of 26.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.35. Galaxy Digital Inc. has a 1-year low of $8.20 and a 1-year high of $45.92. The business has a fifty day moving average price of $26.34 and a 200-day moving average price of $29.04.

Galaxy Digital (NASDAQ:GLXY) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.38 by $0.74. The business had revenue of $28.40 billion during the quarter, compared to the consensus estimate of $19.85 billion. During the same quarter in the previous year, the business posted ($0.16) earnings per share.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GLXY shares. Citigroup assumed coverage on Galaxy Digital in a research note on Tuesday, December 9th. They issued an “outperform” rating on the stock. Piper Sandler boosted their target price on Galaxy Digital from $36.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, October 1st. Canaccord Genuity Group increased their target price on Galaxy Digital from $34.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Rosenblatt Securities lifted their price target on Galaxy Digital from $35.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Galaxy Digital in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $46.09.

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.