Nexpoint Asset Management L.P. Purchases 78,904 Shares of PlayAGS Inc (NYSE:AGS)

Nexpoint Asset Management L.P. raised its position in shares of PlayAGS Inc (NYSE:AGS - Free Report) by 58.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 214,701 shares of the company's stock after buying an additional 78,904 shares during the quarter. Nexpoint Asset Management L.P. owned 0.52% of PlayAGS worth $2,476,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Summit Investment Advisors Inc. increased its holdings in shares of PlayAGS by 34.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,113 shares of the company's stock valued at $47,000 after purchasing an additional 1,063 shares during the period. Quantbot Technologies LP purchased a new position in shares of PlayAGS during the 4th quarter valued at $91,000. FNY Investment Advisers LLC purchased a new stake in shares of PlayAGS during the fourth quarter worth $115,000. Polymer Capital Management US LLC acquired a new stake in PlayAGS during the fourth quarter valued at $130,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in PlayAGS during the fourth quarter valued at $166,000. 77.44% of the stock is owned by hedge funds and other institutional investors.

PlayAGS Stock Down 0.5 %

AGS stock traded down $0.06 during mid-day trading on Tuesday, hitting $12.12. The stock had a trading volume of 119,816 shares, compared to its average volume of 378,151. The stock has a market capitalization of $499.84 million, a price-to-earnings ratio of 71.26 and a beta of 1.52. The company has a fifty day moving average of $12.04 and a 200 day moving average of $11.84. The company has a current ratio of 3.35, a quick ratio of 2.64 and a debt-to-equity ratio of 7.49. PlayAGS Inc has a 1-year low of $8.23 and a 1-year high of $12.30.

PlayAGS (NYSE:AGS - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.88. The business had revenue of $102.98 million during the quarter, compared to analyst estimates of $99.49 million. PlayAGS had a net margin of 1.89% and a return on equity of 10.37%. On average, equities analysts expect that PlayAGS Inc will post 0.31 EPS for the current fiscal 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.