Wolverine Asset Management LLC Buys 40,250 Shares of Bally’s Co. (NYSE:BALY)

Wolverine Asset Management LLC grew its stake in Bally’s Co. (NYSE:BALY) by 30.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,238 shares of the company’s stock after acquiring an additional 40,250 shares during the period. Wolverine Asset Management LLC owned 0.43% of Bally’s worth $3,099,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BALY. Alpine Associates Management Inc. bought a new position in Bally’s in the 3rd quarter worth about $26,665,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Bally’s during the third quarter valued at approximately $7,326,000. King Street Capital Management L.P. bought a new position in shares of Bally’s during the third quarter valued at approximately $6,784,000. Glazer Capital LLC bought a new position in shares of Bally’s during the third quarter valued at approximately $4,369,000. Finally, Verition Fund Management LLC bought a new position in shares of Bally’s during the third quarter valued at approximately $3,754,000. 70.41% of the stock is currently owned by institutional investors.

Bally’s Price Performance

NYSE BALY opened at $16.34 on Friday. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56. The firm’s 50 day moving average price is $17.59 and its 200-day moving average price is $17.48. Bally’s Co. has a 52-week low of $10.00 and a 52-week high of $23.20. The company has a market cap of $664.30 million, a PE ratio of -1.08 and a beta of 2.05.

Bally’s Profile

Bally’s Corp. is a global casino-entertainment company with a portfolio of casinos and resorts and online gaming businesses. It operates through the following segments: Casinos & Resorts, International Interactive, and North America Interactive. The Casinos & Resorts segment consists of the company’s casino and resort properties, a horse racetrack, and a golf course.