32,002 Shares in Galaxy Digital Inc. $GLXY Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Galaxy Digital Inc. (NASDAQ:GLXY) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 32,002 shares of the company’s stock, valued at approximately $590,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Galaxy Digital by 27.5% in the 4th quarter. Vanguard Group Inc. now owns 20,669,893 shares of the company’s stock worth $462,310,000 after buying an additional 4,463,782 shares during the last quarter. Capital Research Global Investors bought a new stake in shares of Galaxy Digital during the 4th quarter worth $406,102,000. Invesco Ltd. grew its position in Galaxy Digital by 31.1% in the fourth quarter. Invesco Ltd. now owns 3,082,187 shares of the company’s stock worth $68,918,000 after acquiring an additional 731,215 shares in the last quarter. Geode Capital Management LLC increased its stake in Galaxy Digital by 13.0% in the fourth quarter. Geode Capital Management LLC now owns 2,433,242 shares of the company’s stock valued at $54,424,000 after acquiring an additional 279,818 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in Galaxy Digital in the second quarter valued at $48,452,000.

Galaxy Digital Price Performance

Shares of NASDAQ:GLXY opened at $23.35 on Tuesday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.94. The stock has a market cap of $9.10 billion, a PE ratio of -48.64 and a beta of 4.84. The company’s fifty day moving average is $29.31 and its 200 day moving average is $25.64. Galaxy Digital Inc. has a 52 week low of $16.43 and a 52 week high of $45.92.

Galaxy Digital (NASDAQ:GLXY) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the previous year, the company earned ($0.86) earnings per share. Research analysts anticipate that Galaxy Digital Inc. will post -0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

GLXY has been the subject of several research analyst reports. BTIG Research reaffirmed a “buy” rating and set a $50.00 price target on shares of Galaxy Digital in a research note on Thursday, May 21st. Wall Street Zen upgraded Galaxy Digital from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Canaccord Genuity Group reissued a “buy” rating and set a $50.00 price objective on shares of Galaxy Digital in a report on Friday, April 24th. Piper Sandler dropped their target price on Galaxy Digital from $42.00 to $36.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $55.00 target price on shares of Galaxy Digital in a research note on Wednesday, April 29th. Twelve equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Galaxy Digital presently has a consensus rating of “Moderate Buy” and an average target price of $39.50.

Insider Activity at Galaxy Digital

In other news, Director Michael D. Daffey sold 250,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $28.77, for a total value of $7,192,500.00. Following the completion of the sale, the director owned 1,505,419 shares of the company’s stock, valued at approximately $43,310,904.63. The trade was a 14.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 51.53% of the company’s stock.

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.