Capelight Capital Asset Management LP Makes New $4.03 Million Investment in Galaxy Digital Inc. $GLXY

Key Points

• Capelight Capital Asset Management LP acquired 180,000 shares of Galaxy Digital worth about $4.03 million in Q4, making GLXY 3.3% of the fund's holdings and its ninth-largest position.
• Director Douglas R. Deason bought 25,000 shares at $20.80 (~$520,000), increasing his stake to 59,000 shares (a 73.5% rise).
• Analysts remain generally positive with a “Moderate Buy” consensus and an average price target of $40.77, after mixed target revisions; Galaxy reported Q4 EPS of ($1.08) which beat estimates while revenue of $10.22 billion missed consensus.

Capelight Capital Asset Management LP acquired a new position in Galaxy Digital Inc. (NASDAQ:GLXY - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 180,000 shares of the company's stock, valued at approximately $4,025,000. Galaxy Digital makes up 3.3% of Capelight Capital Asset Management LP's holdings, making the stock its 9th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in Galaxy Digital by 56.5% in the 4th quarter. Farther Finance Advisors LLC now owns 5,646 shares of the company's stock worth $126,000 after buying an additional 2,038 shares in the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new position in Galaxy Digital in the 4th quarter worth $1,546,000. Sullivan Wood Capital Management LLC lifted its holdings in Galaxy Digital by 6.7% in the 4th quarter. Sullivan Wood Capital Management LLC now owns 1,321,113 shares of the company's stock worth $29,540,000 after buying an additional 83,005 shares in the last quarter. Polianta Ltd acquired a new stake in shares of Galaxy Digital in the 4th quarter valued at about $1,379,000. Finally, Sage Advisors LLC raised its stake in shares of Galaxy Digital by 69.1% in the 4th quarter. Sage Advisors LLC now owns 17,863 shares of the company's stock valued at $399,000 after purchasing an additional 7,302 shares in the last quarter.

Insider Buying and Selling at Galaxy Digital

In related news, Director Douglas R. Deason acquired 25,000 shares of the business's stock in a transaction that occurred on Wednesday, February 4th. The shares were acquired at an average cost of $20.80 per share, for a total transaction of $520,000.00. Following the completion of the purchase, the director directly owned 59,000 shares in the company, valued at $1,227,200. This trade represents a 73.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Galaxy Digital Price Performance

NASDAQ GLXY opened at $23.72 on Wednesday. Galaxy Digital Inc. has a 52 week low of $10.75 and a 52 week high of $45.92. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.80. The stock has a market cap of $9.23 billion and a price-to-earnings ratio of 197.67. The company has a 50-day moving average price of $20.78 and a two-hundred day moving average price of $26.95.

Galaxy Digital (NASDAQ:GLXY - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The company reported ($1.08) EPS for the quarter, topping the consensus estimate of ($1.24) by $0.16. The firm had revenue of $10.22 billion during the quarter, compared to the consensus estimate of $13.08 billion.

Analysts Set New Price Targets

GLXY has been the topic of a number of recent analyst reports. Morgan Stanley cut their target price on shares of Galaxy Digital from $43.00 to $36.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 4th. Canaccord Genuity Group restated a "buy" rating and issued a $50.00 target price on shares of Galaxy Digital in a research note on Friday, January 30th. HC Wainwright cut their target price on shares of Galaxy Digital from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, February 4th. Cantor Fitzgerald lowered their price objective on shares of Galaxy Digital from $48.00 to $30.00 and set an "overweight" rating for the company in a research report on Thursday, April 9th. Finally, Citigroup boosted their price objective on shares of Galaxy Digital from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $40.77.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.