Motorsport Games Inc. (NASDAQ:MSGM – Get Free Report) major shareholder Red Oak Partners, Llc acquired 12,737 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were bought at an average cost of $4.14 per share, with a total value of $52,731.18. Following the completion of the acquisition, the insider owned 295,881 shares of the company’s stock, valued at approximately $1,224,947.34. This trade represents a 4.50% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Red Oak Partners, Llc also recently made the following trade(s):
- On Wednesday, July 1st, Red Oak Partners, Llc bought 3,200 shares of Motorsport Games stock. The stock was purchased at an average cost of $4.07 per share, for a total transaction of $13,024.00.
- On Tuesday, June 30th, Red Oak Partners, Llc bought 27,744 shares of Motorsport Games stock. The shares were purchased at an average price of $3.95 per share, with a total value of $109,588.80.
Motorsport Games Trading Up 11.1%
MSGM stock traded up $0.48 during trading on Monday, hitting $4.79. 79,216 shares of the stock traded hands, compared to its average volume of 84,738. Motorsport Games Inc. has a one year low of $2.11 and a one year high of $5.56. The stock has a market cap of $19.99 million, a price-to-earnings ratio of 4.09, a P/E/G ratio of 0.75 and a beta of 1.70. The company has a 50 day simple moving average of $4.30 and a 200 day simple moving average of $3.92.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on MSGM
Institutional Trading of Motorsport Games
Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP bought a new position in Motorsport Games in the 3rd quarter worth approximately $46,000. HRT Financial LP acquired a new stake in shares of Motorsport Games in the 4th quarter valued at $37,000. State Street Corp acquired a new stake in shares of Motorsport Games in the 4th quarter valued at $39,000. XTX Topco Ltd bought a new stake in shares of Motorsport Games during the fourth quarter worth $34,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Motorsport Games by 43.8% during the first quarter. Renaissance Technologies LLC now owns 27,600 shares of the company’s stock valued at $113,000 after acquiring an additional 8,400 shares during the period. 1.66% of the stock is owned by institutional investors.
Motorsport Games Company Profile
Motorsport Games, Inc is a publicly traded developer and publisher of interactive motorsport entertainment, headquartered in Miami, Florida. The company specializes in creating officially licensed racing simulation titles and managing associated esports competitions. By focusing exclusively on the motorsport genre, Motorsport Games aims to deliver authentic digital experiences that mirror the rules, tracks and vehicles of real-world racing series.
The company’s core activities include the development of video games under licenses from major sanctioning bodies such as NASCAR, the Fédération Internationale de l’Automobile (FIA) and International Motor Sports Association (IMSA).
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