Scientific Games Corp (NASDAQ:SGMS) Director Ronald O. Perelman bought 175,000 shares of the stock in a transaction on Monday, August 13th. The stock was purchased at an average price of $31.73 per share, with a total value of $5,552,750.00. Following the completion of the purchase, the director now owns 88,032 shares of the company’s stock, valued at $2,793,255.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ:SGMS opened at $31.35 on Wednesday. Scientific Games Corp has a 12 month low of $30.50 and a 12 month high of $62.80. The company has a debt-to-equity ratio of -3.90, a current ratio of 1.92 and a quick ratio of 1.58. The firm has a market cap of $3.04 billion, a PE ratio of -14.06 and a beta of 2.41.
Scientific Games (NASDAQ:SGMS) last posted its quarterly earnings data on Thursday, August 2nd. The technology company reported ($0.06) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). The company had revenue of $844.70 million for the quarter, compared to analyst estimates of $853.64 million. During the same quarter in the previous year, the firm posted ($0.44) earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. equities analysts predict that Scientific Games Corp will post -0.67 EPS for the current year.
Large investors have recently bought and sold shares of the company. Bank of Montreal Can acquired a new position in Scientific Games during the second quarter valued at $104,000. Cerebellum GP LLC acquired a new position in Scientific Games during the second quarter valued at $121,000. Alps Advisors Inc. acquired a new position in Scientific Games during the second quarter valued at $208,000. LS Investment Advisors LLC lifted its position in Scientific Games by 42.9% during the first quarter. LS Investment Advisors LLC now owns 4,441 shares of the technology company’s stock valued at $185,000 after purchasing an additional 1,333 shares during the period. Finally, Verition Fund Management LLC acquired a new position in Scientific Games during the first quarter valued at $222,000. Institutional investors and hedge funds own 63.29% of the company’s stock.
About Scientific Games
Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.
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