Super League Gaming’s (NASDAQ:SLGG) lock-up period is set to expire on Monday, August 26th. Super League Gaming had issued 2,272,727 shares in its initial public offering on February 26th. The total size of the offering was $24,999,997 based on an initial share price of $11.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
Separately, Zacks Investment Research downgraded Super League Gaming from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th.
SLGG stock opened at $6.20 on Monday. Super League Gaming has a twelve month low of $5.99 and a twelve month high of $11.55. The business’s fifty day moving average price is $7.46.
In other Super League Gaming news, Director Mark Jung bought 6,044 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was purchased at an average cost of $8.19 per share, with a total value of $49,500.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
A number of large investors have recently bought and sold shares of SLGG. Security Benefit Life Insurance Co. KS acquired a new position in Super League Gaming in the second quarter valued at about $2,532,000. 1492 Capital Management LLC bought a new stake in Super League Gaming during the second quarter worth about $1,492,000. Perritt Capital Management Inc. bought a new stake in Super League Gaming during the second quarter worth about $812,000. Vanguard Group Inc. bought a new stake in Super League Gaming during the second quarter worth about $793,000. Finally, First Eagle Investment Management LLC bought a new stake in Super League Gaming during the first quarter worth about $661,000. 9.64% of the stock is owned by hedge funds and other institutional investors.
About Super League Gaming
Super League Gaming, Inc operates an esports community and content platform. The company through its platform connects a network of gamers, venues, and brand partners to enable local, social, and competitive esports that could be broadcasted through its platform. The company was formerly known as Nth Games, Inc and changed its name to Super League Gaming, Inc in July 2015.
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