Raymond James Financial Services Advisors Inc. Decreases Position in Golden Nugget Online Gaming, Inc. (NASDAQ:GNOG)

Raymond James Financial Services Advisors Inc. lowered its position in Golden Nugget Online Gaming, Inc. (NASDAQ:GNOG) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,044 shares of the company’s stock after selling 2,051 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.06% of Golden Nugget Online Gaming worth $817,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Golden Nugget Online Gaming during the 2nd quarter valued at $26,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Golden Nugget Online Gaming during the 2nd quarter valued at about $32,000. Nisa Investment Advisors LLC acquired a new stake in Golden Nugget Online Gaming in the 3rd quarter worth about $57,000. Legal & General Group Plc acquired a new position in shares of Golden Nugget Online Gaming during the 2nd quarter worth approximately $59,000. Finally, Royal Bank of Canada boosted its holdings in shares of Golden Nugget Online Gaming by 180.2% during the 2nd quarter. Royal Bank of Canada now owns 4,732 shares of the company’s stock worth $60,000 after purchasing an additional 3,043 shares during the last quarter. 39.87% of the stock is currently owned by institutional investors.

NASDAQ:GNOG opened at $8.44 on Friday. The company has a fifty day simple moving average of $11.45 and a two-hundred day simple moving average of $14.97. Golden Nugget Online Gaming, Inc. has a 52 week low of $8.16 and a 52 week high of $23.24.

Golden Nugget Online Gaming (NASDAQ:GNOG) last announced its earnings results on Wednesday, November 10th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.09). Golden Nugget Online Gaming had a net margin of 64.50% and a negative return on equity of 11.73%. The business had revenue of $35.64 million during the quarter, compared to analysts’ expectations of $35.27 million. On average, sell-side analysts anticipate that Golden Nugget Online Gaming, Inc. will post 0.57 earnings per share for the current fiscal year.

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.

Featured Article: How can investors invest in the Euro STOXX 50 Index?

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

Receive News & Ratings for Golden Nugget Online Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Nugget Online Gaming and related companies with MarketBeat.com's FREE daily email newsletter.