GTS Securities LLC Invests $1.12 Million in Galaxy Digital Inc. $GLXY

GTS Securities LLC bought a new stake in shares of Galaxy Digital Inc. (NASDAQ:GLXY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,915 shares of the company’s stock, valued at approximately $1,119,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLXY. 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 increased its position in Galaxy Digital by 183.4% during the 4th 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 increased its position in Galaxy Digital by 200.0% during the 4th quarter. Picton Mahoney Asset Management now owns 1,500 shares of the company’s stock valued at $34,000 after purchasing an additional 1,000 shares during the period. Danske Bank A S bought a new position in Galaxy Digital in the 4th quarter worth $36,000. Finally, Itau Unibanco Holding S.A. bought a new position in Galaxy Digital in the 4th quarter worth $49,000.

Galaxy Digital Price Performance

GLXY opened at $23.21 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.04. The company has a market cap of $9.07 billion, a price-to-earnings ratio of -35.71 and a beta of 5.06. The stock has a fifty day simple moving average of $23.72 and a two-hundred day simple moving average of $24.57. Galaxy Digital Inc. has a 12-month low of $16.43 and a 12-month high of $45.92.

Galaxy Digital (NASDAQ:GLXY) last announced 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. The firm had revenue of $8.71 billion for the quarter. Galaxy Digital had a negative net margin of 0.75% and a negative return on equity of 6.25%. During the same quarter last year, the firm posted $0.08 EPS. Research analysts predict that Galaxy Digital Inc. will post -0.82 earnings per share for the current fiscal year.

Insider Transactions at Galaxy Digital

In other Galaxy Digital news, Director Douglas R. Deason purchased 12,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average cost of $21.54 per share, with a total value of $258,480.00. Following the transaction, the director directly owned 71,000 shares in the company, valued at approximately $1,529,340. The trade was a 20.34% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven John Bandrowczak acquired 5,100 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $19.63 per share, for a total transaction of $100,113.00. Following the purchase, the director directly owned 39,186 shares of the company’s stock, valued at $769,221.18. This represents a 14.96% 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GLXY shares. Wall Street Zen raised shares of Galaxy Digital from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Zacks Research downgraded shares of Galaxy Digital from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Piper Sandler decreased their price target on shares of Galaxy Digital from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, July 17th. Rosenblatt Securities lowered their price objective on shares of Galaxy Digital from $39.00 to $35.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Galaxy Digital in a research report on Friday, August 21st. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Galaxy Digital has a consensus rating of “Moderate Buy” and an average price target of $38.67.

Galaxy Digital 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.