The Arena Group (NYSE:AREN) Posts Earnings Results

The Arena Group (NYSE:ARENGet Free Report) issued its quarterly earnings data on Friday. The company reported ($0.48) EPS for the quarter, reports. The firm had revenue of $28.94 million for the quarter.

The Arena Group Stock Performance

Shares of AREN stock opened at $0.80 on Friday. The Arena Group has a fifty-two week low of $0.60 and a fifty-two week high of $5.27. The stock’s fifty day moving average is $0.94 and its two-hundred day moving average is $1.74.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Arena Group stock. B. Riley Financial Inc. lifted its stake in shares of The Arena Group Holdings, Inc. (NYSE:ARENFree Report) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,715,870 shares of the company’s stock after acquiring an additional 134,550 shares during the period. The Arena Group accounts for approximately 8.3% of B. Riley Financial Inc.’s portfolio, making the stock its 4th biggest position. B. Riley Financial Inc. owned about 24.03% of The Arena Group worth $24,464,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 85.55% of the company’s stock.

About The Arena Group

(Get Free Report)

The Arena Group Holdings, Inc, together with its subsidiaries, operates digital media platform in the United States and internationally. The company offers the Platform, a proprietary online publishing platform comprising publishing tools, video platforms, social distribution channels, newsletter technology, machine learning content recommendations, notifications, and other technology.

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Earnings History for The Arena Group (NYSE:AREN)

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