WINTON GROUP Ltd Makes New Investment in Galaxy Digital Inc. $GLXY

WINTON GROUP Ltd bought a new position in Galaxy Digital Inc. (NASDAQ:GLXY) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 172,415 shares of the company’s stock, valued at approximately $3,855,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GLXY. Danske Bank A S bought a new stake in shares of Galaxy Digital in the fourth quarter valued at approximately $36,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Galaxy Digital in the fourth quarter valued at approximately $46,000. CWM LLC raised its position in shares of Galaxy Digital by 108.2% in the fourth quarter. CWM LLC now owns 2,954 shares of the company’s stock valued at $66,000 after purchasing an additional 1,535 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of Galaxy Digital in the fourth quarter valued at approximately $71,000. Finally, MCF Advisors LLC bought a new stake in shares of Galaxy Digital in the third quarter valued at approximately $75,000.

Galaxy Digital Price Performance

GLXY stock opened at $25.14 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.70 and a quick ratio of 1.70. Galaxy Digital Inc. has a one year low of $16.43 and a one year high of $45.92. The stock has a market cap of $9.80 billion and a PE ratio of -52.37. The firm has a 50 day simple moving average of $25.76 and a two-hundred day simple moving average of $25.01.

Galaxy Digital (NASDAQ:GLXY) last released its quarterly earnings results on Tuesday, April 28th. The company reported ($0.49) EPS for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.10. Galaxy Digital had a negative net margin of 0.54% and a negative return on equity of 2.30%. The business had revenue of $10.21 billion during the quarter. During the same period in the prior year, the firm earned ($0.86) EPS. On average, analysts predict that Galaxy Digital Inc. will post -0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Galaxy Digital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. Chardan Capital reiterated a “buy” rating and set a $35.00 price objective on shares of Galaxy Digital in a research note on Monday, May 4th. BTIG Research reiterated a “buy” rating and set a $50.00 price objective on shares of Galaxy Digital in a research note on Thursday, May 21st. Morgan Stanley reiterated an “overweight” rating and set a $37.00 price objective on shares of Galaxy Digital in a research note on Wednesday, April 29th. Finally, Piper Sandler decreased their price objective on Galaxy Digital from $42.00 to $36.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Twelve research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Galaxy Digital presently has an average rating of “Moderate Buy” and a consensus price target of $39.50.

Insider Buying and Selling

In other Galaxy Digital news, Director Michael D. Daffey sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $28.77, for a total value of $7,192,500.00. Following the completion of the transaction, the director owned 1,505,419 shares of the company’s stock, valued at $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 is available at this hyperlink. 51.53% of the stock is currently owned by corporate insiders.

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.