Perritt Capital Management Inc. bought a new stake in Super League Gaming (NASDAQ:SLGG) in the second quarter, HoldingsChannel reports. The institutional investor bought 95,000 shares of the company’s stock, valued at approximately $812,000.
A number of other institutional investors have also added to or reduced their stakes in SLGG. 1492 Capital Management LLC purchased a new stake in shares of Super League Gaming during the 2nd quarter worth $1,492,000. Boston Advisors LLC grew its stake in shares of Super League Gaming by 94.2% during the 2nd quarter. Boston Advisors LLC now owns 64,324 shares of the company’s stock worth $550,000 after purchasing an additional 31,202 shares during the period. First Eagle Investment Management LLC acquired a new position in shares of Super League Gaming during the 1st quarter worth $661,000. Finally, Founders Financial Securities LLC purchased a new position in shares of Super League Gaming in the 2nd quarter valued at about $92,000. 11.44% of the stock is owned by institutional investors.
Shares of SLGG stock traded up $0.37 during midday trading on Wednesday, reaching $4.70. 370 shares of the company traded hands, compared to its average volume of 58,910. The business’s 50 day moving average price is $6.27. Super League Gaming has a 1-year low of $3.90 and a 1-year high of $11.55.
Super League Gaming (NASDAQ:SLGG) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.06). The company had revenue of $0.22 million during the quarter, compared to analyst estimates of $0.20 million. As a group, equities research analysts expect that Super League Gaming will post -2.91 earnings per share for the current year.
In other news, Director Mark Jung acquired 6,044 shares of Super League Gaming stock in a transaction that occurred on Thursday, June 20th. The stock was purchased at an average cost of $8.19 per share, with a total value of $49,500.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Separately, Zacks Investment Research cut shares of Super League Gaming from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th.
About Super League Gaming
Super League Gaming, Inc operates an esports community and content platform. The company through its platform connects a network of gamers, venues, and brand partners to enable local, social, and competitive esports that could be broadcasted through its platform. The company was formerly known as Nth Games, Inc and changed its name to Super League Gaming, Inc in July 2015.
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