Capstone Financial Advisors Inc. Raises Holdings in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Key Points

• Capstone Financial Advisors Inc. increased its holdings in Trump Media & Technology Group Corp. by 42.0% during the first quarter, bringing its total shares owned to 67,600, valued at approximately $1.32 million.
• Trump Media & Technology Group's CEO and CTO sold significant shares on May 14th, with the CEO's transaction totaling over $1.57 million, marking a 4.92% decrease in his ownership.
• The company recently initiated a $400 million stock buyback program, indicating management's belief that its stock is currently undervalued, while also posting a negative earnings per share of ($0.08).

Capstone Financial Advisors Inc. grew its position in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) by 42.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,600 shares of the company's stock after buying an additional 20,000 shares during the period. Capstone Financial Advisors Inc.'s holdings in Trump Media & Technology Group were worth $1,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Golden State Wealth Management LLC grew its position in Trump Media & Technology Group by 21.6% during the first quarter. Golden State Wealth Management LLC now owns 2,308 shares of the company's stock worth $45,000 after buying an additional 410 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Trump Media & Technology Group by 1.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 41,031 shares of the company's stock worth $802,000 after purchasing an additional 530 shares during the last quarter. Russell Investments Group Ltd. grew its position in Trump Media & Technology Group by 85.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,220 shares of the company's stock worth $42,000 after acquiring an additional 561 shares during the last quarter. Amalgamated Bank increased its stake in shares of Trump Media & Technology Group by 15.6% in the first quarter. Amalgamated Bank now owns 4,821 shares of the company's stock worth $94,000 after buying an additional 651 shares during the period. Finally, Glass Jacobson Investment Advisors llc increased its stake in shares of Trump Media & Technology Group by 350.5% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 901 shares of the company's stock worth $31,000 after buying an additional 701 shares during the period. 4.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trump Media & Technology Group

In related news, CEO Devin G. Nunes sold 59,483 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $26.46, for a total transaction of $1,573,920.18. Following the completion of the sale, the chief executive officer owned 1,148,705 shares of the company's stock, valued at $30,394,734.30. This trade represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Vladimir Novachki sold 17,823 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $26.46, for a total transaction of $471,596.58. Following the sale, the chief technology officer directly owned 511,940 shares of the company's stock, valued at $13,545,932.40. This trade represents a 3.36% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 191,806 shares of company stock worth $5,062,725. Insiders own 53.00% of the company's stock.

Trump Media & Technology Group Stock Performance

Trump Media & Technology Group stock opened at $16.92 on Monday. The stock's 50 day simple moving average is $19.34 and its two-hundred day simple moving average is $22.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 38.41 and a current ratio of 38.41. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of -34.53 and a beta of 4.69. Trump Media & Technology Group Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $54.68.

Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported ($0.08) earnings per share for the quarter. The firm had revenue of $0.88 million for the quarter. Trump Media & Technology Group had a negative net margin of 2,922.66% and a negative return on equity of 12.43%.

Trump Media & Technology Group announced that its Board of Directors has initiated a stock buyback program on Monday, June 23rd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Trump Media & Technology Group from a "hold" rating to a "sell" rating in a report on Friday, June 6th.

Trump Media & Technology Group Profile

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.

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