Galaxy Digital Inc. bought a new position in shares of Eightco Holdings Inc. (NASDAQ:OCTO – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,793,028 shares of the company’s stock, valued at approximately $2,638,000. Eightco makes up about 0.2% of Galaxy Digital Inc.’s portfolio, making the stock its 21st biggest position. Galaxy Digital Inc. owned 1.25% of Eightco at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in OCTO. Bank of New York Mellon Corp bought a new position in shares of Eightco in the second quarter worth about $25,000. Legal & General Group Plc bought a new stake in shares of Eightco during the 2nd quarter valued at approximately $33,000. Pallas Capital Advisors LLC bought a new stake in shares of Eightco during the 2nd quarter valued at approximately $36,000. State of Wyoming acquired a new position in Eightco during the 2nd quarter worth approximately $82,000. Finally, JPMorgan Chase & Co. acquired a new position in Eightco during the 3rd quarter worth approximately $100,000. Institutional investors own 12.85% of the company’s stock.
Eightco Price Performance
Shares of NASDAQ:OCTO opened at $0.88 on Tuesday. The company has a market cap of $2.68 million, a price-to-earnings ratio of -0.29 and a beta of 0.84. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.30 and a quick ratio of 0.09. The firm has a 50 day simple moving average of $0.73 and a 200 day simple moving average of $0.90. Eightco Holdings Inc. has a one year low of $0.98 and a one year high of $83.12.
Eightco Profile
Eightco Holdings Inc provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc and changed its name to Eightco Holdings Inc in April 2023. Eightco Holdings Inc was incorporated in 1966 and is headquartered in Easton, Pennsylvania.
Featured Articles
- Five stocks we like better than Eightco
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Want to see what other hedge funds are holding OCTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eightco Holdings Inc. (NASDAQ:OCTO – Free Report).
Receive News & Ratings for Eightco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eightco and related companies with MarketBeat.com's FREE daily email newsletter.
