Royce & Associates LP Purchases 50,000 Shares of Bragg Gaming Group Inc. (NASDAQ:BRAG)

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Royce & Associates LP raised its position in shares of Bragg Gaming Group Inc. (NASDAQ:BRAGGet Rating) by 28.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,000 shares of the company’s stock after acquiring an additional 50,000 shares during the period. Royce & Associates LP owned approximately 1.13% of Bragg Gaming Group worth $1,638,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BRAG. TD Asset Management Inc. acquired a new position in Bragg Gaming Group in the fourth quarter worth about $70,000. Garde Capital Inc. acquired a new stake in shares of Bragg Gaming Group in the fourth quarter valued at approximately $126,000. MYDA Advisors LLC acquired a new stake in shares of Bragg Gaming Group in the fourth quarter valued at approximately $336,000. Finally, Stormborn Capital Management LLC boosted its stake in Bragg Gaming Group by 33.8% in the fourth quarter. Stormborn Capital Management LLC now owns 395,700 shares of the company’s stock valued at $2,010,000 after acquiring an additional 100,000 shares during the last quarter. 4.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Canaccord Genuity Group reduced their price target on shares of Bragg Gaming Group from C$19.00 to C$15.00 in a research report on Thursday, May 12th. Maxim Group started coverage on Bragg Gaming Group in a report on Wednesday, June 15th. They set a “buy” rating and a $12.00 price objective for the company.

Bragg Gaming Group Stock Performance

Bragg Gaming Group stock opened at $6.72 on Friday. Bragg Gaming Group Inc. has a one year low of $2.30 and a one year high of $12.50. The stock’s fifty day moving average price is $5.18 and its two-hundred day moving average price is $5.67.

Bragg Gaming Group (NASDAQ:BRAGGet Rating) last released its quarterly earnings data on Wednesday, May 11th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.05). Bragg Gaming Group had a negative net margin of 11.42% and a negative return on equity of 10.70%. The firm had revenue of $21.72 million for the quarter, compared to analyst estimates of $18.09 million. As a group, equities research analysts forecast that Bragg Gaming Group Inc. will post -0.09 EPS for the current fiscal year.

Bragg Gaming Group Profile

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Bragg Gaming Group Inc operates as a technology and content supplier to the gaming industry worldwide. The company provides business-to-business online gaming solutions. It offers a range of games, including slot, table, card, video bingo, scratch card, and live dealer games, as well as virtual sports.

Further Reading

Want to see what other hedge funds are holding BRAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bragg Gaming Group Inc. (NASDAQ:BRAGGet Rating).

Institutional Ownership by Quarter for Bragg Gaming Group (NASDAQ:BRAG)

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