Decagon Asset Management LLP Buys Shares of 1,642,038 PlayAGS Inc (NYSE:AGS)

Decagon Asset Management LLP bought a new stake in PlayAGS Inc (NYSE:AGS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,642,038 shares of the company’s stock, valued at approximately $18,933,000. PlayAGS makes up approximately 6.9% of Decagon Asset Management LLP’s investment portfolio, making the stock its 4th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ lifted its position in shares of PlayAGS by 12.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 188,393 shares of the company’s stock worth $2,167,000 after buying an additional 20,771 shares during the last quarter. Burren Capital Advisors Ltd acquired a new position in shares of PlayAGS during the 4th quarter worth about $171,000. Candriam S.C.A. acquired a new position in shares of PlayAGS during the 4th quarter worth about $2,131,000. Olympiad Research LP lifted its position in shares of PlayAGS by 26.5% during the 4th quarter. Olympiad Research LP now owns 129,199 shares of the company’s stock worth $1,490,000 after purchasing an additional 27,036 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of PlayAGS by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 22,777 shares of the company’s stock worth $263,000 after purchasing an additional 1,942 shares during the last quarter. Hedge funds and other institutional investors own 77.44% of the company’s stock.

PlayAGS Price Performance

NYSE AGS opened at $12.08 on Wednesday. PlayAGS Inc has a twelve month low of $8.23 and a twelve month high of $12.16. The company has a debt-to-equity ratio of 7.49, a quick ratio of 2.64 and a current ratio of 3.35. The stock has a market capitalization of $498.19 million, a PE ratio of 71.03 and a beta of 2.37. The stock has a 50-day simple moving average of $12.00 and a 200 day simple moving average of $11.69.

PlayAGS (NYSE:AGS) last posted its quarterly earnings data on Thursday, March 6th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.88. PlayAGS had a return on equity of 10.37% and a net margin of 1.89%. The business had revenue of $102.98 million during the quarter, compared to analysts’ expectations of $99.49 million. Research analysts anticipate that PlayAGS Inc will post 0.31 EPS for the current year.

PlayAGS Profile

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.