Amalgamated Bank Invests $58,000 in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Amalgamated Bank bought a new stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,620 shares of the company’s stock, valued at approximately $58,000.

Several other hedge funds have also bought and sold shares of DJT. Greenwich Wealth Management LLC bought a new position in shares of Trump Media & Technology Group during the 3rd quarter valued at approximately $10,946,000. Sapient Capital LLC bought a new position in Trump Media & Technology Group during the third quarter valued at $2,339,000. Busey Bank purchased a new position in shares of Trump Media & Technology Group in the 3rd quarter worth $727,000. Creative Planning bought a new stake in shares of Trump Media & Technology Group in the 3rd quarter worth about $538,000. Finally, Vontobel Holding Ltd. purchased a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at about $386,000. Hedge funds and other institutional investors own 4.29% of the company’s stock.

Trump Media & Technology Group Trading Up 16.7 %

DJT opened at $32.78 on Tuesday. The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $25.56 and a 200 day moving average of $31.29. Trump Media & Technology Group Corp. has a 12 month low of $11.75 and a 12 month high of $79.38.

Insider Buying and Selling

In other news, CFO Phillip Juhan sold 64,000 shares of Trump Media & Technology Group stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $32.97, for a total transaction of $2,110,080.00. Following the completion of the sale, the chief financial officer now owns 265,798 shares of the company’s stock, valued at approximately $8,763,360.06. The trade was a 19.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Andrew Northwall sold 3,467 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $78,700.90. Following the completion of the sale, the chief operating officer now owns 16,533 shares of the company’s stock, valued at $375,299.10. The trade was a 17.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 664,238 shares of company stock worth $19,183,627 over the last three months. 14.80% of the stock is owned by insiders.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group Corp. develops a social media platform known as Truth Social that offers social networking services in the United States. The company was founded in 2021 and is based in Sarasota, Florida.