XTX Topco Ltd Purchases New Holdings in Bragg Gaming Group Inc. (NASDAQ:BRAG)

XTX Topco Ltd purchased a new stake in Bragg Gaming Group Inc. (NASDAQ:BRAG) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 18,765 shares of the company’s stock, valued at approximately $77,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BRAG. Cidel Asset Management Inc. raised its holdings in Bragg Gaming Group by 23.6% in the 1st quarter. Cidel Asset Management Inc. now owns 156,898 shares of the company’s stock valued at $654,000 after acquiring an additional 29,913 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Bragg Gaming Group by 20.1% in the 4th quarter. Renaissance Technologies LLC now owns 133,200 shares of the company’s stock valued at $493,000 after acquiring an additional 22,305 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Bragg Gaming Group by 15.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 82,944 shares of the company’s stock valued at $307,000 after acquiring an additional 10,838 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Bragg Gaming Group by 589,766.7% in the 4th quarter. NewEdge Advisors LLC now owns 17,696 shares of the company’s stock valued at $65,000 after acquiring an additional 17,693 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in Bragg Gaming Group in the 4th quarter valued at about $64,000. 4.04% of the stock is owned by hedge funds and other institutional investors.

Bragg Gaming Group Price Performance

Shares of NASDAQ BRAG opened at $2.93 on Friday. The company has a 50 day simple moving average of $4.24 and a 200-day simple moving average of $4.37. The company has a market capitalization of $73.37 million, a P/E ratio of -12.21 and a beta of 0.85. Bragg Gaming Group Inc. has a 1 year low of $2.86 and a 1 year high of $6.12.

Bragg Gaming Group (NASDAQ:BRAG) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The firm had revenue of $30.72 million for the quarter, compared to analyst estimates of $27.86 million. Bragg Gaming Group had a negative return on equity of 7.48% and a negative net margin of 5.04%. As a group, research analysts expect that Bragg Gaming Group Inc. will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JMP Securities cut their price objective on shares of Bragg Gaming Group from $6.00 to $4.00 and set a “market outperform” rating for the company in a report on Friday.

Bragg Gaming Group Company Profile

Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.