NeoGames S.A. (NASDAQ:NGMS) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC raised its position in NeoGames S.A. (NASDAQ:NGMS) by 22.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 46,216 shares of the company’s stock after purchasing an additional 8,432 shares during the period. New York Life Investment Management LLC owned 0.14% of NeoGames worth $1,323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citigroup Inc. increased its position in NeoGames by 7.1% during the third quarter. Citigroup Inc. now owns 10,606 shares of the company’s stock worth $286,000 after purchasing an additional 703 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of NeoGames by 3.9% in the 3rd quarter. Gamco Investors INC. ET AL now owns 13,511 shares of the company’s stock valued at $365,000 after buying an additional 511 shares during the period. Carmignac Gestion purchased a new stake in shares of NeoGames in the 3rd quarter valued at approximately $606,000. Maven Securities LTD grew its stake in shares of NeoGames by 119.9% in the 3rd quarter. Maven Securities LTD now owns 25,228 shares of the company’s stock valued at $681,000 after buying an additional 13,756 shares during the period. Finally, Pentwater Capital Management LP purchased a new stake in shares of NeoGames in the 3rd quarter valued at approximately $783,000. 29.73% of the stock is currently owned by institutional investors and hedge funds.

NeoGames Stock Up 0.1 %

Shares of NGMS opened at $29.45 on Wednesday. The firm has a market cap of $985.99 million, a P/E ratio of -54.54 and a beta of 1.14. NeoGames S.A. has a 12-month low of $12.51 and a 12-month high of $29.47. The company’s 50-day moving average price is $29.05 and its 200 day moving average price is $28.12. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 1.61.

NeoGames (NASDAQ:NGMS) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The firm had revenue of $47.76 million for the quarter, compared to analyst estimates of $57.95 million. NeoGames had a negative net margin of 9.54% and a positive return on equity of 9.15%. On average, sell-side analysts forecast that NeoGames S.A. will post 0.13 earnings per share for the current year.

NeoGames Company Profile

NeoGames SA provides iLottery solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of games through personal computers, smartphones, and handheld devices. It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company's technology.