Virtu Financial LLC Makes New $482,000 Investment in Bally’s Co. (NYSE:BALY)

Virtu Financial LLC bought a new position in shares of Bally’s Co. (NYSE:BALY) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 27,924 shares of the company’s stock, valued at approximately $482,000. Virtu Financial LLC owned approximately 0.07% of Bally’s at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BALY. Bank of New York Mellon Corp increased its holdings in Bally’s by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 101,707 shares of the company’s stock worth $1,217,000 after purchasing an additional 1,064 shares in the last quarter. Quest Partners LLC bought a new position in shares of Bally’s in the 2nd quarter valued at about $131,000. Dimensional Fund Advisors LP grew its holdings in shares of Bally’s by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 333,680 shares of the company’s stock valued at $3,994,000 after acquiring an additional 28,590 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Bally’s in the 2nd quarter valued at about $560,000. Finally, Pekin Hardy Strauss Inc. bought a new position in shares of Bally’s in the 2nd quarter valued at about $217,000. Institutional investors own 70.41% of the company’s stock.

Bally’s Price Performance

Shares of NYSE BALY opened at $17.79 on Monday. The stock has a market capitalization of $723.52 million, a price-to-earnings ratio of -1.18 and a beta of 2.06. The business has a 50-day moving average of $17.64 and a 200-day moving average of $15.95. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54. Bally’s Co. has a fifty-two week low of $9.74 and a fifty-two week high of $18.00.

Bally’s Company Profile

Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.