GSA Capital Partners LLP Grows Stock Position in Playtika Holding Corp. (NASDAQ:PLTK)

Key Points

• GSA Capital Partners LLP significantly increased its stake in Playtika Holding Corp. by acquiring 114,359 shares, totaling 142,118 shares valued at approximately $735,000.
• Analysts have mixed ratings for Playtika, with Morgan Stanley lowering its target price to $5.75, while Wedbush upgraded it to a "strong-buy" rating; the stock currently holds an average rating of "Moderate Buy" with a target of $7.68.
• The company recently declared a quarterly dividend of $0.10 per share, resulting in an annualized yield of 9.4%, despite a payout ratio of 105.26%.

GSA Capital Partners LLP increased its position in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 412.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,118 shares of the company's stock after purchasing an additional 114,359 shares during the quarter. GSA Capital Partners LLP's holdings in Playtika were worth $735,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. ARK Investment Management LLC grew its stake in Playtika by 14.6% in the first quarter. ARK Investment Management LLC now owns 275,372 shares of the company's stock worth $1,424,000 after purchasing an additional 35,069 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Playtika in the first quarter worth approximately $451,000. Y Intercept Hong Kong Ltd bought a new position in Playtika in the first quarter worth approximately $171,000. New York State Common Retirement Fund grew its stake in Playtika by 21.8% in the first quarter. New York State Common Retirement Fund now owns 23,143 shares of the company's stock worth $120,000 after purchasing an additional 4,145 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Playtika by 117.1% in the first quarter. Allworth Financial LP now owns 4,996 shares of the company's stock worth $26,000 after purchasing an additional 2,695 shares in the last quarter. Institutional investors own 11.94% of the company's stock.

Insider Activity at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $4.77, for a total transaction of $719,645.13. Following the completion of the sale, the insider owned 199,359,642 shares in the company, valued at approximately $950,945,492.34. This represents a 0.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 739,922 shares of company stock worth $3,548,194. Corporate insiders own 4.80% of the company's stock.

Playtika Price Performance

NASDAQ PLTK traded down $0.18 during midday trading on Friday, hitting $4.27. 1,680,509 shares of the company traded hands, compared to its average volume of 1,278,557. Playtika Holding Corp. has a 52 week low of $3.97 and a 52 week high of $8.80. The company's 50-day simple moving average is $4.72 and its 200-day simple moving average is $5.33. The company has a market cap of $1.60 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.13 and a beta of 0.85.

Playtika (NASDAQ:PLTK - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Playtika had a net margin of 5.37% and a negative return on equity of 149.09%. The business had revenue of $706.00 million for the quarter, compared to analysts' expectations of $699.67 million. During the same quarter in the prior year, the company posted $0.14 EPS. The business's revenue for the quarter was up 8.4% on a year-over-year basis. On average, research analysts predict that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 9.4%. The ex-dividend date was Monday, June 23rd. Playtika's dividend payout ratio is currently 105.26%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley dropped their target price on Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Wedbush raised Playtika to a "strong-buy" rating in a research report on Tuesday, July 1st. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Playtika presently has an average rating of "Moderate Buy" and an average target price of $7.68.

Playtika Profile

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.