Galaxy Digital Inc. $GLXY Shares Purchased by Moore Capital Management LP

Moore Capital Management LP raised its stake in Galaxy Digital Inc. (NASDAQ:GLXY) by 52.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,082,250 shares of the company’s stock after acquiring an additional 720,000 shares during the period. Galaxy Digital accounts for about 0.8% of Moore Capital Management LP’s investment portfolio, making the stock its 15th biggest holding. Moore Capital Management LP owned about 0.53% of Galaxy Digital worth $56,929,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in GLXY. Northwestern Mutual Wealth Management Co. acquired a new position in Galaxy Digital during the 2nd quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd grew its position 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 worth $32,000 after acquiring an additional 928 shares during the last quarter. Picton Mahoney Asset Management increased its holdings in shares of Galaxy Digital by 200.0% in the 4th quarter. Picton Mahoney Asset Management now owns 1,500 shares of the company’s stock worth $34,000 after acquiring an additional 1,000 shares during the period. Danske Bank A S acquired a new stake in shares of Galaxy Digital in the 4th quarter worth about $36,000. Finally, Hollencrest Capital Management lifted its position in Galaxy Digital by 204.0% in the 1st quarter. Hollencrest Capital Management now owns 2,584 shares of the company’s stock valued at $48,000 after purchasing an additional 1,734 shares during the last quarter.

Insider Transactions at Galaxy Digital

In other Galaxy Digital news, Director Douglas R. Deason purchased 12,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were purchased at an average cost of $21.54 per share, for a total transaction of $258,480.00. Following the completion of the transaction, the director owned 71,000 shares in the company, valued at $1,529,340. The trade was a 20.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven John Bandrowczak purchased 5,100 shares of the business’s stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of $19.63 per share, with a total value of $100,113.00. Following the completion of the acquisition, the director directly owned 39,186 shares in the company, valued at $769,221.18. The trade was a 14.96% increase in their position. The SEC filing for this purchase provides additional information. 51.53% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GLXY has been the subject of several recent analyst reports. BTIG Research decreased their target price on shares of Galaxy Digital from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Rosenblatt Securities reduced their price objective on Galaxy Digital from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Chardan Capital reissued a “buy” rating and issued a $35.00 price objective on shares of Galaxy Digital in a report on Wednesday, August 5th. Piper Sandler lowered their target price on Galaxy Digital from $36.00 to $33.00 and set an “overweight” rating on the stock in a research report on Friday, July 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Galaxy Digital in a research note on Friday, August 21st. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.67.

Galaxy Digital Price Performance

Shares of GLXY stock opened at $23.21 on Monday. Galaxy Digital Inc. has a 1 year low of $16.43 and a 1 year high of $45.92. The stock has a market cap of $9.07 billion, a PE ratio of -35.71 and a beta of 5.06. The business’s fifty day moving average is $23.72 and its 200-day moving average is $24.59. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.50 and a current ratio of 1.50.

Galaxy Digital (NASDAQ:GLXY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.27. The company had revenue of $8.71 billion for the quarter. Galaxy Digital had a negative return on equity of 6.25% and a negative net margin of 0.75%.During the same period in the prior year, the firm posted $0.08 EPS. Equities analysts expect that Galaxy Digital Inc. will post -0.82 earnings per share for the current fiscal year.

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.