Wedbush Securities Inc. Purchases Shares of 12,920 Golden Nugget Online Gaming, Inc. (NASDAQ:GNOG)

Wedbush Securities Inc. purchased a new stake in shares of Golden Nugget Online Gaming, Inc. (NASDAQ:GNOG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,920 shares of the company’s stock, valued at approximately $224,000.

A number of other hedge funds have also recently added to or reduced their stakes in GNOG. BlackRock Inc. boosted its holdings in Golden Nugget Online Gaming by 230.3% during the second quarter. BlackRock Inc. now owns 2,213,872 shares of the company’s stock valued at $28,249,000 after acquiring an additional 1,543,610 shares during the period. Vanguard Group Inc. lifted its stake in shares of Golden Nugget Online Gaming by 34.2% in the second quarter. Vanguard Group Inc. now owns 2,003,835 shares of the company’s stock valued at $25,569,000 after buying an additional 510,566 shares during the period. State Street Corp lifted its stake in shares of Golden Nugget Online Gaming by 2,379.2% in the second quarter. State Street Corp now owns 500,800 shares of the company’s stock valued at $6,390,000 after buying an additional 480,600 shares during the period. Geode Capital Management LLC lifted its stake in shares of Golden Nugget Online Gaming by 93.4% in the second quarter. Geode Capital Management LLC now owns 636,432 shares of the company’s stock valued at $8,120,000 after buying an additional 307,409 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Golden Nugget Online Gaming by 427.3% in the second quarter. Northern Trust Corp now owns 334,807 shares of the company’s stock valued at $4,272,000 after buying an additional 271,316 shares during the period. Institutional investors own 21.48% of the company’s stock.

Several research firms recently weighed in on GNOG. Benchmark cut shares of Golden Nugget Online Gaming from a “buy” rating to a “hold” rating in a research note on Wednesday, August 11th. B. Riley cut shares of Golden Nugget Online Gaming from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 10th.

Shares of GNOG opened at $12.84 on Thursday. Golden Nugget Online Gaming, Inc. has a 12 month low of $10.10 and a 12 month high of $27.18. The company has a 50-day moving average price of $16.88 and a two-hundred day moving average price of $15.59.

Golden Nugget Online Gaming Profile

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.

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Institutional Ownership by Quarter for Golden Nugget Online Gaming (NASDAQ:GNOG)

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