SCHEDULE 13G/A: Topline Capital Management Discloses 8.7% Stake in Galaxy Gaming, Inc.
Beneficial Ownership Disclosure
Topline Capital Management, along with Collin McBirney and Topline Capital Partners, LP, has disclosed a beneficial ownership of 8.7% in Galaxy Gaming, Inc.'s common stock.
Summary
- Topline Capital Management, LLC (TCM), Collin McBirney, and Topline Capital Partners, LP (TCP or the Fund) have filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in Galaxy Gaming, Inc.
- As of December 31, 2024, the reporting persons collectively beneficially own 2,177,291 shares of Galaxy Gaming, Inc.'s common stock.
- This ownership represents 8.7% of the total class of common stock outstanding.
- Topline Capital Management, LLC, as the investment manager and general partner of the Fund, holds sole voting and dispositive power over the 2,177,291 shares.
- Collin McBirney, as the member-manager of TCM, shares voting and dispositive power over the same 2,177,291 shares.
- Topline Capital Partners, LP, the Fund, also holds sole voting and dispositive power over the 2,177,291 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Galaxy Gaming, Inc.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
This document does not contain any forward-looking statements or guidance regarding Galaxy Gaming, Inc.'s future performance or operations.
Industry Context
This filing is a standard disclosure of significant beneficial ownership by an institutional investor in a publicly traded company within the gaming industry. It reflects an investment position rather than operational or strategic industry trends.
Stakeholder Impact
- Shareholders: Disclosure of a significant institutional stake can influence market perception and potentially signal investor confidence or interest in the company.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership threshold met). |
| 02/10/2025 | Date of filing and signature for the Schedule 13G Amendment No. 3. |
Keywords
Galaxy Gaming Inc., Topline Capital Management, Collin McBirney, Topline Capital Partners, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Management, Institutional Investor
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