In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ntn Buzztime Inc. (NYSEMKT:NTN) reported that Berg Jeffrey Alan has picked up 423,000 of common stock as of 2017-03-31.
The acquisition brings the aggregate amount owned by Berg Jeffrey Alan to a total of 423,000 representing a 17.03% stake in the company.
For those not familiar with the company, NTN Buzztime, Inc., formerly Alroy Industries, delivers entertainment and dining technology to bars and restaurants in North America. The Company provides an entertainment and marketing services platform for hospitality venues that offers games, events, and entertainment experiences to their customers. Its customers offer guests trivia, card, sports and arcade games, nationwide competitions, and self-service dining features, including dynamic menus, touchscreen ordering and secure payment by licensing the Company’s customizable solution. Its platform creates connections among the players and venues. Its network subscriber venues are related to national and regional restaurant brands, including Buffalo Wild Wings, Old Chicago, Beef O’Brady’s, Aroogas, Buffalo Wings & Rings, Native New Yorker and Boston Pizza. Its entertainment system enables players to interact at the venue, and it also enables competition between venues, referred to as multiplayer gaming.
A glance at Ntn Buzztime Inc. (NYSEMKT:NTN)’s key stats reveals a current market capitalization of 21.70 Million based on 2.26 Million shares outstanding and a price at last close of $8.60 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-11-16, Berg picked up 500 at a purchase price of $7.25. This brings their total holding to 423,000 as of the date of the filing.
On the sell side, the most recent transaction saw Awm unload 2,310 shares at a sale price of $8.50. This brings their total holding to 324,191.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Ntn Buzztime Inc. (NYSEMKT:NTN) as things move forward to see if its progress aligns with these transactions.
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