Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Major Shareholder Purchases $298,450.00 in Stock

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) major shareholder Roy Choi bought 235,000 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was bought at an average price of $1.27 per share, with a total value of $298,450.00. Following the acquisition, the insider now owns 2,826,822 shares in the company, valued at approximately $3,590,063.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Roy Choi also recently made the following trade(s):

• On Thursday, June 27th, Roy Choi bought 258,010 shares of Allied Gaming & Entertainment stock. The stock was bought at an average price of $1.27 per share, with a total value of $327,672.70.

Allied Gaming & Entertainment Stock Up 11.2 %

NASDAQ:AGAE traded up $0.13 during trading hours on Wednesday, reaching $1.29. 221,355 shares of the company’s stock were exchanged, compared to its average volume of 62,043. The firm has a market capitalization of $58.71 million, a price-to-earnings ratio of -14.33 and a beta of 1.48. The company has a 50-day moving average of $0.83 and a 200 day moving average of $0.97. Allied Gaming & Entertainment Inc. has a 1-year low of $0.61 and a 1-year high of $1.50.

Allied Gaming & Entertainment (NASDAQ:AGAE) last issued its quarterly earnings results on Monday, May 20th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $2.38 million for the quarter. Allied Gaming & Entertainment had a negative return on equity of 3.84% and a negative net margin of 38.47%.

Institutional Trading of Allied Gaming & Entertainment

An institutional investor recently bought a new position in Allied Gaming & Entertainment stock. Kure Advisory LLC purchased a new position in shares of Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 32,457 shares of the company’s stock, valued at approximately $34,000. Kure Advisory LLC owned 0.09% of Allied Gaming & Entertainment at the end of the most recent reporting period. 3.21% of the stock is owned by institutional investors.

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.