Roy Choi Acquires 258,010 Shares of Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Stock

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) major shareholder Roy Choi acquired 258,010 shares of Allied Gaming & Entertainment stock in a transaction dated Thursday, June 27th. The shares were bought at an average cost of $1.27 per share, with a total value of $327,672.70. Following the transaction, the insider now owns 2,461,832 shares in the company, valued at $3,126,526.64. The purchase was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Allied Gaming & Entertainment Price Performance

Shares of AGAE stock opened at $1.27 on Friday. The company has a market cap of $57.80 million, a price-to-earnings ratio of -14.11 and a beta of 1.35. Allied Gaming & Entertainment Inc. has a 52 week low of $0.61 and a 52 week high of $1.50. The firm has a 50 day moving average of $0.82 and a 200-day moving average of $0.98.

Allied Gaming & Entertainment (NASDAQ:AGAE) last announced its quarterly earnings data 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 company had revenue of $2.38 million for the quarter.

Hedge Funds Weigh In On Allied Gaming & Entertainment

An institutional investor recently bought a new position in Allied Gaming & Entertainment stock. Kure Advisory LLC acquired a new stake in shares of Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 32,457 shares of the company’s stock, valued at approximately $34,000. Kure Advisory LLC owned approximately 0.09% of Allied Gaming & Entertainment at the end of the most recent quarter. 3.21% of the stock is currently owned by institutional investors and hedge funds.

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.