Capstone Financial Advisors Inc. Acquires 20,000 Shares of 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. lifted its stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) by 42.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,600 shares of the company's stock after purchasing an additional 20,000 shares during the quarter. Capstone Financial Advisors Inc.'s holdings in Trump Media & Technology Group were worth $1,321,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. GeoWealth Management LLC grew its holdings in shares of Trump Media & Technology Group by 41,550.0% during the fourth quarter. GeoWealth Management LLC now owns 833 shares of the company's stock worth $28,000 after purchasing an additional 831 shares during the last quarter. Glass Jacobson Investment Advisors llc grew its holdings in shares of Trump Media & Technology Group by 350.5% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 901 shares of the company's stock worth $31,000 after purchasing an additional 701 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Trump Media & Technology Group during the first quarter worth about $39,000. Russell Investments Group Ltd. grew its holdings in shares of Trump Media & Technology Group by 85.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,220 shares of the company's stock worth $42,000 after purchasing an additional 561 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 410 shares during the last quarter. 4.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Trump Media & Technology Group Trading Down 0.8%

Shares of Trump Media & Technology Group stock traded down $0.14 during midday trading on Friday, reaching $17.00. The company had a trading volume of 6,853,410 shares, compared to its average volume of 7,642,243. The stock has a fifty day moving average price of $18.85 and a 200 day moving average price of $22.53. The company has a debt-to-equity ratio of 0.41, a current ratio of 132.60 and a quick ratio of 38.41. The firm has a market cap of $3.75 billion, a PE ratio of -34.68 and a beta of 4.68. 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) EPS for the quarter. The company had revenue of $0.88 million during the quarter. Trump Media & Technology Group had a negative return on equity of 8.86% and a negative net margin of 2,922.66%.

Trump Media & Technology Group announced that its Board of Directors has authorized a share buyback program on Monday, June 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to repurchase up to 10.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling

In related news, CFO Phillip Juhan sold 45,005 shares of Trump Media & Technology Group stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $27.15, for a total value of $1,221,885.75. Following the transaction, the chief financial officer directly owned 175,572 shares of the company's stock, valued at $4,766,779.80. The trade was a 20.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Scott Glabe sold 57,995 shares of Trump Media & Technology Group stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $26.44, for a total value of $1,533,387.80. Following the completion of the sale, the general counsel owned 239,503 shares of the company's stock, valued at approximately $6,332,459.32. The trade was a 19.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 191,806 shares of company stock valued at $5,062,725 over the last 90 days. 53.00% of the stock is currently owned by corporate insiders.

About Trump Media & Technology Group

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.