Voya Investment Management LLC Purchases 1,330 Shares of Trump Media & Technology Group Corp. $DJT

Voya Investment Management LLC raised its position in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) by 5.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,438 shares of the company’s stock after acquiring an additional 1,330 shares during the period. Voya Investment Management LLC’s holdings in Trump Media & Technology Group were worth $497,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Amalgamated Bank increased its position in Trump Media & Technology Group by 15.6% during the first quarter. Amalgamated Bank now owns 4,821 shares of the company’s stock valued at $94,000 after acquiring an additional 651 shares during the last quarter. Parallel Advisors LLC increased its position in Trump Media & Technology Group by 93.8% during the first quarter. Parallel Advisors LLC now owns 2,391 shares of the company’s stock valued at $47,000 after acquiring an additional 1,157 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position 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 valued at $802,000 after acquiring an additional 530 shares during the last quarter. Swiss National Bank increased its position in Trump Media & Technology Group by 6.7% during the first quarter. Swiss National Bank now owns 168,100 shares of the company’s stock valued at $3,285,000 after acquiring an additional 10,600 shares during the last quarter. Finally, KBC Group NV increased its position in Trump Media & Technology Group by 30.6% during the first quarter. KBC Group NV now owns 4,448 shares of the company’s stock valued at $87,000 after acquiring an additional 1,041 shares during the last quarter. Institutional investors own 4.29% of the company’s stock.

Insiders Place Their Bets

In related news, Director Eric Swider sold 5,000 shares of the company’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 directly owned 24,041 shares of the company’s stock, valued at $423,362.01. This represents a 17.22% 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. 53.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Trump Media & Technology Group Stock Up 0.7%

Shares of DJT opened at $16.93 on Friday. The firm has a market capitalization of $4.69 billion, a P/E ratio of -34.55 and a beta of 4.67. Trump Media & Technology Group Corp. has a 12-month low of $13.81 and a 12-month high of $54.68. The company has a current ratio of 132.60, a quick ratio of 132.60 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average price of $17.54 and a 200-day moving average price of $19.83.

Trump Media & Technology Group (NASDAQ:DJT) last issued its earnings results on Friday, August 1st. The company reported ($0.08) earnings per share (EPS) for the quarter. The company 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 8.86%.

Trump Media & Technology Group announced that its board 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 shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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.