eGain Co. (NASDAQ:EGAN) Stock Holdings Raised by Kanen Wealth Management LLC

Kanen Wealth Management LLC boosted its position in shares of eGain Co. (NASDAQ:EGAN) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,659,823 shares of the technology company’s stock after acquiring an additional 171,451 shares during the period. eGain accounts for about 6.2% of Kanen Wealth Management LLC’s holdings, making the stock its 6th biggest position. Kanen Wealth Management LLC owned 9.33% of eGain worth $16,571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EGAN. Williams & Novak LLC purchased a new position in shares of eGain during the third quarter worth about $66,000. JPMorgan Chase & Co. increased its holdings in shares of eGain by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock worth $79,000 after buying an additional 1,613 shares during the last quarter. Gladius Capital Management LP purchased a new stake in shares of eGain during the 3rd quarter valued at $84,000. Jane Street Group LLC lifted its holdings in shares of eGain by 16.8% during the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company’s stock worth $182,000 after acquiring an additional 5,144 shares during the last quarter. Finally, Seizert Capital Partners LLC grew its position in eGain by 99.5% in the third quarter. Seizert Capital Partners LLC now owns 38,068 shares of the technology company’s stock worth $194,000 after acquiring an additional 18,989 shares in the last quarter. Institutional investors own 53.94% of the company’s stock.

eGain Trading Up 0.6 %

Shares of EGAN opened at $6.54 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.79 and a current ratio of 1.79. eGain Co. has a fifty-two week low of $4.71 and a fifty-two week high of $7.96. The firm has a 50 day moving average price of $5.80 and a 200-day moving average price of $5.93. The firm has a market cap of $186.52 million, a price-to-earnings ratio of 34.42 and a beta of 0.42.

Wall Street Analyst Weigh In

Separately, StockNews.com raised eGain from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

About eGain

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.