John M. Boushy, a director at Galaxy Gaming, Inc. (NASDAQ:GLXZ), acquired 11,250 shares of the company's common stock on November 12, 2026, according to a recent disclosure. The transactions totaled $17,775.
The shares were purchased at prices ranging from $1.57 to $1.60 per share, with a weighted average price of $1.58. Specifically, 4,031 shares were bought at $1.57, 2,719 shares at $1.58, and 4,500 shares at $1.60.
Following these transactions, Mr. Boushy directly holds 56,250 shares of Galaxy Gaming common stock.
The insider purchase comes as Galaxy Gaming trades at a P/E ratio of 4.55, which InvestingPro identifies as a low earnings multiple. The stock has declined 45% year-to-date, though InvestingPro analysis suggests the company is currently undervalued relative to its Fair Value. The company maintains a 'GREAT' financial health score of 3.03, with liquid assets exceeding short-term obligations. InvestingPro offers 4 additional exclusive tips for GLXZ investors.
In other recent news, Galaxy Gaming, Inc. announced an amendment to its existing credit agreement with BMO Bank N.A. This amendment allows the company to increase its annual capital expenditure limit. Under the new terms, Galaxy Gaming and its subsidiaries can allocate up to 10% of the prior year's net revenue towards capital expenditures each year. Additionally, the amendment includes a one-time EBITDA addback of $505,361. This addback will be utilized solely for determining compliance with specific financial ratios outlined in the credit agreement. These developments were disclosed in a press release filed with the Securities and Exchange Commission.
The article does not provide further details on the company's operations, financial performance, or outlook beyond the information stated above.