Glu Mobile (GLUU) : Dymon Asia Capital Ltd added new position in Glu Mobile during the most recent quarter end. The investment management firm now holds 5,461,831 shares of Glu Mobile which is valued at $12.5 Million , the company said in a statement filed on May 13, 2016 with the SEC.Glu Mobile makes up approximately 10.13% of Dymon Asia Capital Ltd’s portfolio.
Other Hedge Funds, Including , Citadel Advisors boosted its stake in GLUU in the latest quarter, The investment management firm added 102,455 additional shares and now holds a total of 144,596 shares of Glu Mobile which is valued at $331,125. Penserra Capital Management added GLUU to its portfolio by purchasing 42,864 company shares during the most recent quarter which is valued at $98,159. Glu Mobile makes up approx 0.01% of Penserra Capital Management’s portfolio.
Glu Mobile closed down -0.04 points or -1.60% at $2.46 with 17,66,014 shares getting traded on Wednesday. Post opening the session at $2.49, the shares hit an intraday low of $2.3701 and an intraday high of $2.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Glu Mobile reported $-0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 3, 2016. Analyst had a consensus of $-0.05. The company had revenue of $54.00 million for the quarter, compared to analysts expectations of $48.21 million. The company’s revenue was down -13.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on Glu Mobile. Glu Mobile was Downgraded by ROTH Capital to ” Neutral” on May 4, 2016. Shares were Reiterated by Wedbush on May 4, 2016 to “Neutral” and Lowered the Price Target to $ 2.65 from a previous price target of $3.30 .
Glu Mobile Inc. develops publishes and markets a portfolio of games. The Company offers games to a cross section of users of smartphones and tablet devices who download and make purchases within its games through direct-to-consumer digital storefronts such as the Apple App Store Google Play Store and Amazon Appstore among others. The Company creates games based on its own brands including Blood & Glory Contract Killer Deer Hunter Diner Dash Eternity Warriors Frontline Commando Gun Bros and Heroes of Destiny. The Company also creates games based on third-party licensed brands including Kim Kardashian: Hollywood Robocop: The Official Game and Hercules: The Official Game as well as its own branded games that incorporate third-party licensed brands properties and other content such as Racing Rivals and Tap Sports: Baseball. It released around 16 free-to-play games. It has around eight global studios that create and develop its games.