Hall of Fame Resort & Entertainment (NASDAQ:HOFV) Director Buys $15,139,283.60 in Stock

Hall of Fame Resort & Entertainment (NASDAQ:HOFV) Director Stuart Lichter acquired 10,813,774 shares of the company’s stock in a transaction that occurred on Tuesday, December 29th. The stock was bought at an average price of $1.40 per share, with a total value of $15,139,283.60. Following the transaction, the director now directly owns 100,000 shares in the company, valued at $140,000. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

HOFV stock opened at $1.23 on Friday. The stock has a 50 day moving average of $1.46. Hall of Fame Resort & Entertainment has a fifty-two week low of $1.09 and a fifty-two week high of $14.70.

Hall of Fame Resort & Entertainment (NASDAQ:HOFV) last released its earnings results on Wednesday, November 4th. The company reported ($0.42) EPS for the quarter. The business had revenue of $1.68 million for the quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Coe Capital Management LLC acquired a new stake in Hall of Fame Resort & Entertainment during the 3rd quarter worth $61,000. Quinn Opportunity Partners LLC acquired a new stake in Hall of Fame Resort & Entertainment during the 3rd quarter worth $85,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Hall of Fame Resort & Entertainment during the 3rd quarter worth $352,000. 0.89% of the stock is owned by hedge funds and other institutional investors.

Separately, Maxim Group began coverage on shares of Hall of Fame Resort & Entertainment in a research report on Tuesday, December 15th. They issued a “buy” rating for the company.

About Hall of Fame Resort & Entertainment

Hall of Fame Resort & Entertainment Company operates as a resort and entertainment company leveraging the professional football and its legendary players in partnership with the Pro Football Hall of Fame. It owns the Johnson Controls Hall of Fame Village, a multi-use sports, entertainment, and media destination centered around the Pro Football Hall of Fame's campus in Canton, Ohio.

Further Reading: Return on Investment (ROI) Defined, Explained

Insider Buying and Selling by Quarter for Hall of Fame Resort & Entertainment (NASDAQ:HOFV)

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