Melqart Asset Management UK Ltd Takes Position in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Melqart Asset Management UK Ltd acquired a new position in Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 549,106 shares of the company's stock, valued at approximately $18,725,000. Trump Media & Technology Group comprises 2.3% of Melqart Asset Management UK Ltd's portfolio, making the stock its 14th biggest position. Melqart Asset Management UK Ltd owned 0.25% of Trump Media & Technology Group at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Trump Media & Technology Group by 180.3% during the 4th quarter. Vanguard Group Inc. now owns 9,006,919 shares of the company's stock valued at $307,136,000 after buying an additional 5,793,934 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of Trump Media & Technology Group during the third quarter valued at about $17,650,000. Invesco Ltd. boosted its holdings in shares of Trump Media & Technology Group by 785.1% during the fourth quarter. Invesco Ltd. now owns 512,613 shares of the company's stock worth $17,480,000 after purchasing an additional 454,699 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Trump Media & Technology Group in the fourth quarter worth about $6,642,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Trump Media & Technology Group by 32.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 788,722 shares of the company's stock valued at $26,895,000 after purchasing an additional 193,563 shares during the period. Hedge funds and other institutional investors own 4.29% of the company's stock.

Trump Media & Technology Group Stock Performance

NASDAQ DJT traded up $0.19 on Thursday, hitting $24.73. The company's stock had a trading volume of 2,887,707 shares, compared to its average volume of 15,845,030. The company has a current ratio of 45.33, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01. Trump Media & Technology Group Corp. has a 52-week low of $11.75 and a 52-week high of $56.55. The company's 50-day simple moving average is $21.32 and its 200 day simple moving average is $29.35.

Insider Activity at Trump Media & Technology Group

In other news, Director Eric Swider sold 5,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $19.57, for a total value of $97,850.00. Following the sale, the director now directly owns 38,989 shares of the company's stock, valued at $763,014.73. This represents a 11.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Phillip Juhan sold 21,059 shares of Trump Media & Technology Group stock in a transaction on Monday, March 10th. The shares were sold at an average price of $20.50, for a total value of $431,709.50. Following the transaction, the chief financial officer now owns 220,577 shares of the company's stock, valued at $4,521,828.50. The trade was a 8.72 % decrease in their position. The disclosure for this sale can be found here. 53.00% of the stock is currently owned by company insiders.

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.