Magic Empire Global (NASDAQ:MEGL) Stock Price Up 17.1%

Magic Empire Global Limited (NASDAQ:MEGL) shares rose 17.1% during trading on Wednesday . The company traded as high as 1.07 and last traded at 1.00. Approximately 455,200 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 1,136,460 shares. The stock had previously closed at 0.85.

Magic Empire Global Price Performance

The firm has a 50 day moving average price of 1.03 and a 200 day moving average price of 1.45.

Magic Empire Global Announces Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, October 16th will be given a $0.01 dividend. The ex-dividend date is Friday, October 13th.

Institutional Trading of Magic Empire Global

Several institutional investors and hedge funds have recently modified their holdings of MEGL. UBS Group AG bought a new position in Magic Empire Global in the 3rd quarter worth $75,000. Schonfeld Strategic Advisors LLC boosted its stake in shares of Magic Empire Global by 46.4% in the first quarter. Schonfeld Strategic Advisors LLC now owns 44,200 shares of the company’s stock worth $67,000 after acquiring an additional 14,000 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Magic Empire Global during the fourth quarter worth about $63,000. 0.51% of the stock is currently owned by institutional investors.

Magic Empire Global Company Profile

Magic Empire Global Limited engages in the provision of corporate finance advisory services and underwriting services in Hong Kong. The company provides initial public offering sponsorship, financial and independent financial advisory, financial advisory, post-listing compliance advisory, and underwriting services to corporations.