Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Major Shareholder Buys $205,800.00 in Stock

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) major shareholder Roy Choi bought 140,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were acquired at an average price of $1.47 per share, with a total value of $205,800.00. Following the purchase, the insider now owns 3,011,822 shares of the company’s stock, valued at $4,427,378.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Roy Choi also recently made the following trade(s):

• On Tuesday, July 2nd, Roy Choi acquired 235,000 shares of Allied Gaming & Entertainment stock. The shares were bought at an average cost of $1.27 per share, for a total transaction of $298,450.00.
• On Thursday, June 27th, Roy Choi bought 258,010 shares of Allied Gaming & Entertainment stock. The stock was bought at an average price of $1.27 per share, with a total value of $327,672.70.

Allied Gaming & Entertainment Stock Down 3.9 %

AGAE traded down $0.06 on Thursday, reaching $1.46. The company had a trading volume of 56,543 shares, compared to its average volume of 71,216. Allied Gaming & Entertainment Inc. has a 1 year low of $0.61 and a 1 year high of $1.57. The stock has a market capitalization of $66.44 million, a PE ratio of -16.89 and a beta of 1.49. The stock has a 50-day moving average price of $0.90 and a 200-day moving average price of $0.98.

Allied Gaming & Entertainment (NASDAQ:AGAE) last posted its earnings results on Monday, May 20th. The company reported ($0.04) EPS for the quarter. Allied Gaming & Entertainment had a negative return on equity of 3.84% and a negative net margin of 38.47%. The firm had revenue of $2.38 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Allied Gaming & Entertainment stock. Kure Advisory LLC bought a new position in shares of Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,457 shares of the company’s stock, valued at approximately $34,000. Kure Advisory LLC owned about 0.09% of Allied Gaming & Entertainment at the end of the most recent quarter. Hedge funds and other institutional investors own 3.21% of the company’s stock.

Allied Gaming & Entertainment Company Profile

Allied Gaming & Entertainment Inc provides entertainment and gaming products worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events.