Golden Nugget Online Gaming (NASDAQ:GNOG) Trading 5.3% Higher

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Golden Nugget Online Gaming, Inc. (NASDAQ:GNOG) shares traded up 5.3% during trading on Friday . The company traded as high as $10.16 and last traded at $9.89. 29,384 shares were traded during mid-day trading, a decline of 96% from the average session volume of 714,464 shares. The stock had previously closed at $9.39.

The stock has a 50-day simple moving average of $12.21 and a 200 day simple moving average of $15.12.

Golden Nugget Online Gaming (NASDAQ:GNOG) last announced its quarterly earnings data on Wednesday, November 10th. The company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.09). The firm had revenue of $35.64 million during the quarter, compared to the consensus estimate of $35.27 million. Golden Nugget Online Gaming had a net margin of 64.50% and a negative return on equity of 11.73%. As a group, equities analysts expect that Golden Nugget Online Gaming, Inc. will post 0.57 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. Magnetar Financial LLC bought a new stake in shares of Golden Nugget Online Gaming in the 3rd quarter valued at about $59,058,000. BlackRock Inc. grew its position in shares of Golden Nugget Online Gaming by 13.3% in the 3rd quarter. BlackRock Inc. now owns 2,507,550 shares of the company’s stock valued at $43,557,000 after purchasing an additional 293,678 shares during the period. Versor Investments LP acquired a new position in shares of Golden Nugget Online Gaming in the 3rd quarter valued at approximately $40,177,000. Vanguard Group Inc. grew its position in shares of Golden Nugget Online Gaming by 34.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,003,835 shares of the company’s stock valued at $25,569,000 after purchasing an additional 510,566 shares during the period. Finally, TIG Advisors LLC acquired a new position in shares of Golden Nugget Online Gaming in the 3rd quarter valued at approximately $25,662,000. 21.48% of the stock is owned by institutional investors.

Golden Nugget Online Gaming Company Profile (NASDAQ:GNOG)

Golden Nugget Online Gaming, Inc operates as an online gaming and digital sports entertainment company. It offers patrons to play their favorite casino games and bet on live-action sports events in New Jersey and Michigan. The company is headquartered in Houston, Texas.

Further Reading: Net Margin

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