McElhenny Sheffield Capital Management LLC Makes New $1.77 Million Investment in Trump Media & Technology Group Corp. $DJT

Key Points

• McElhenny Sheffield Capital Management LLC has made a new investment of approximately $1.77 million in Trump Media & Technology Group Corp by purchasing 98,305 shares during the 2nd quarter.
• Other investors such as Vanguard Group Inc. and Nuveen LLC have also increased their stakes in the company, indicating growing interest among institutional investors.
• Trump Media & Technology Group has a market cap of $4.78 billion and reported a negative earnings per share of ($0.08) for the last quarter, raising concerns about its financial health.

McElhenny Sheffield Capital Management LLC purchased a new position in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 98,305 shares of the company's stock, valued at approximately $1,773,000.

Several other large investors also recently bought and sold shares of DJT. Vanguard Group Inc. increased its stake in Trump Media & Technology Group by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 9,244,587 shares of the company's stock worth $180,639,000 after buying an additional 237,668 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Trump Media & Technology Group during the first quarter worth $4,245,000. Wealthquest Corp purchased a new stake in shares of Trump Media & Technology Group during the first quarter worth $3,432,000. AQR Capital Management LLC purchased a new position in Trump Media & Technology Group in the first quarter valued at $940,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Trump Media & Technology Group by 20.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 218,210 shares of the company's stock valued at $4,264,000 after buying an additional 37,367 shares during the last quarter. 4.29% of the stock is currently owned by hedge funds and other institutional investors.

Trump Media & Technology Group Stock Up 1.4%

Shares of DJT opened at $17.26 on Thursday. The company has a quick ratio of 132.60, a current ratio of 132.60 and a debt-to-equity ratio of 0.41. The firm has a market cap of $4.78 billion, a PE ratio of -35.22 and a beta of 4.59. The company's fifty day moving average is $17.24 and its two-hundred day moving average is $19.66. Trump Media & Technology Group Corp. has a fifty-two week low of $15.42 and a fifty-two week high of $54.68.

Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported ($0.08) EPS for the quarter. The firm 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 repurchase plan on Monday, June 23rd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the company to buy up to 10.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Trump Media & Technology Group

In other news, Director Eric Swider sold 5,000 shares of the business's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $17.61, for a total value of $88,050.00. Following the completion of the sale, the director owned 24,041 shares of the company's stock, valued at approximately $423,362.01. The trade was a 17.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 53.00% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Trump Media & Technology Group in a report on Wednesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of "Sell".

Trump Media & Technology Group Company 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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