Daiwa Securities Group Inc. Takes Position in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Daiwa Securities Group Inc. bought a new position in Trump Media & Technology Group Corp. (NASDAQ:DJT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,854 shares of the company’s stock, valued at approximately $63,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC acquired a new position in shares of Trump Media & Technology Group in the third quarter worth about $17,650,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Trump Media & Technology Group by 32.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 788,722 shares of the company’s stock worth $26,895,000 after purchasing an additional 193,563 shares during the period. State Street Corp acquired a new stake in shares of Trump Media & Technology Group during the third quarter worth approximately $11,397,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Trump Media & Technology Group during the fourth quarter worth approximately $6,642,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Trump Media & Technology Group by 15.2% during the fourth quarter. Bank of New York Mellon Corp now owns 194,374 shares of the company’s stock worth $6,628,000 after purchasing an additional 25,685 shares during the period. 4.29% of the stock is currently owned by institutional investors and hedge funds.

Trump Media & Technology Group Price Performance

DJT stock opened at $20.56 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 45.33. The firm has a 50 day simple moving average of $29.59 and a 200 day simple moving average of $28.71. Trump Media & Technology Group Corp. has a 52 week low of $11.75 and a 52 week high of $79.38.

Insider Buying and Selling

In related news, Director Eric Swider sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $19.57, for a total transaction of $97,850.00. Following the transaction, the director now owns 38,989 shares of the company’s stock, valued at approximately $763,014.73. This trade represents a 11.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Phillip Juhan sold 21,059 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $20.50, for a total transaction of $431,709.50. Following the transaction, the chief financial officer now directly owns 220,577 shares in the company, valued at approximately $4,521,828.50. The trade was a 8.72 % decrease in their position. The disclosure for this sale can be found here. 14.80% of the stock is currently owned by corporate insiders.

Trump Media & Technology Group Profile

Trump Media & Technology Group Corp. operates as a social media and technology company. Its brands include TRUTH Social, TMTG+ and TMTG News. The company is headquartered in Sarasota, FL.