272 Capital LP Invests $250,000 in The Arena Group Holdings, Inc. (NYSE:AREN)

272 Capital LP bought a new stake in shares of The Arena Group Holdings, Inc. (NYSE:AREN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 308,274 shares of the company’s stock, valued at approximately $250,000. 272 Capital LP owned 0.65% of The Arena Group at the end of the most recent reporting period.

The Arena Group Stock Up 1.8 %

Shares of AREN opened at $1.71 on Friday. The firm has a fifty day simple moving average of $1.05 and a two-hundred day simple moving average of $0.93. The Arena Group Holdings, Inc. has a twelve month low of $0.56 and a twelve month high of $2.92. The stock has a market capitalization of $81.17 million, a P/E ratio of -0.40 and a beta of 0.47.

The Arena Group Company Profile

The Arena Group Holdings, Inc, together with its subsidiaries, operates digital media platform in the United States and internationally. The company offers the Platform, a proprietary online publishing platform comprising publishing tools, video platforms, social distribution channels, newsletter technology, machine learning content recommendations, notifications, and other technology.