Linden Thomas Advisory Services LLC Grows Stake in eGain Co. (NASDAQ:EGAN)

Linden Thomas Advisory Services LLC grew its stake in shares of eGain Co. (NASDAQ:EGAN) by 20.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,317 shares of the technology company’s stock after acquiring an additional 2,442 shares during the quarter. Linden Thomas Advisory Services LLC owned about 0.05% of eGain worth $89,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EGAN. JPMorgan Chase & Co. lifted its stake 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 valued at $79,000 after purchasing an additional 1,613 shares during the period. Dimensional Fund Advisors LP raised its stake in eGain by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 681,737 shares of the technology company’s stock valued at $4,301,000 after purchasing an additional 1,752 shares during the last quarter. Sei Investments Co. boosted its position in eGain by 2.1% during the second quarter. Sei Investments Co. now owns 163,132 shares of the technology company’s stock worth $1,029,000 after acquiring an additional 3,384 shares during the last quarter. State Street Corp boosted its holdings in shares of eGain by 0.8% during the 3rd quarter. State Street Corp now owns 413,850 shares of the technology company’s stock worth $2,111,000 after purchasing an additional 3,428 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in eGain by 16.8% in the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company’s stock valued at $182,000 after buying an additional 5,144 shares in the last quarter. 53.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of eGain from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

eGain Price Performance

Shares of EGAN opened at $6.45 on Tuesday. The firm has a fifty day moving average price of $5.92 and a 200 day moving average price of $5.94. The stock has a market cap of $183.95 million, a PE ratio of 33.95 and a beta of 0.42. eGain Co. has a 1-year low of $4.71 and a 1-year high of $7.96. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.79 and a quick ratio of 1.79.

eGain Company Profile

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.