Yarra Square Partners LP Purchases New Stake in NeoGames S.A. (NASDAQ:NGMS)

Yarra Square Partners LP purchased a new stake in NeoGames S.A. (NASDAQ:NGMS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $286,000. NeoGames accounts for about 0.3% of Yarra Square Partners LP’s investment portfolio, making the stock its 21st biggest holding.

Several other hedge funds have also bought and sold shares of NGMS. Longfellow Investment Management Co. LLC purchased a new position in NeoGames during the 4th quarter worth $52,000. Citigroup Inc. raised its stake in shares of NeoGames by 7.1% during the 3rd quarter. Citigroup Inc. now owns 10,606 shares of the company’s stock worth $286,000 after purchasing an additional 703 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of NeoGames by 3.9% during the 3rd quarter. Gamco Investors INC. ET AL now owns 13,511 shares of the company’s stock worth $365,000 after purchasing an additional 511 shares during the period. Carmignac Gestion bought a new stake in shares of NeoGames during the 3rd quarter worth $606,000. Finally, Maven Securities LTD raised its stake in NeoGames by 119.9% in the 3rd quarter. Maven Securities LTD now owns 25,228 shares of the company’s stock valued at $681,000 after acquiring an additional 13,756 shares during the period. Institutional investors and hedge funds own 29.73% of the company’s stock.

NeoGames Stock Performance

NeoGames stock traded up $0.02 during midday trading on Monday, reaching $29.45. The stock had a trading volume of 211,900 shares, compared to its average volume of 131,533. NeoGames S.A. has a 12 month low of $12.51 and a 12 month high of $29.47. The firm’s 50-day moving average price is $29.20 and its 200 day moving average price is $28.36. The firm has a market capitalization of $985.99 million, a PE ratio of -54.54 and a beta of 1.14. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 1.61.

NeoGames (NASDAQ:NGMS) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. NeoGames had a positive return on equity of 9.15% and a negative net margin of 9.54%. The firm had revenue of $47.76 million for the quarter, compared to analysts’ expectations of $57.95 million. As a group, research analysts predict that NeoGames S.A. will post 0.13 earnings per share for the current fiscal year.

About NeoGames

NeoGames SA provides iLottery solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of games through personal computers, smartphones, and handheld devices. It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company's technology.