Who are the founders of GameStop?
Three years later, in 1999, the company launched its GameStop brand with 30 stores and a website called gamestop.com. Together, the trio — Riggio, DeMatteo and Fontaine — became known as the founders of GameStop. Leonard Riggio (barnesandnobleinc.com)
Who is the CEO of GameStop?
DeMatteo, GameStop’s executive chairman, stepped in as the interim chief executive officer. Soon after, Michael K Mauler took the role of the CEO for a few months. He resigned in May 2018 citing “personal reasons” leaving the reins in DeMatteo’s hands. Then, Shane Kim was named as interim CEO, replaced by George Sherman in March 2019.
How much did Roaring Kitty pay to build shares?
Here’s how one word from the billionaire sent shares skyrocketing. YouTuber and finance guru, Roaring Kitty, is now being dubbed the mastermind who led the Redditors and paid around $56,000 to build a stake of 50,000 shares.
When did Babbage’s start selling games?
Their focus shifted to video games and Babbage’s began selling Nintendo games in 1987. A year later, the company went public, and by 1991, video games helped it get around two-thirds of sales. From 1994 to 1996, Babbage’s merged with Software Etc and went on to create NeoStar Retail Group.
When did Babbage’s merge with Software Etc?
From 1994 to 1996, Babbage’s merged with Software Etc and went on to create NeoStar Retail Group. As the companies were merged, Babbage’s founder McCurry took the seat of NeoStar chairman. Kusin retained his title of President and Daniel DeMatteo remained the Software Etc President.
Who owns Babbage’s Etc?
Leonard Riggio, a founder of Software Etc and stockholder of Barnes & Noble then bought it for around $58 million. Under him, the company became Babbage’s Etc. Richard ‘Dick’ Fontaine came on board as chief executive and DeMatteo re-entered as COO and president.
When did Raines leave GameStop?
In June 2010, Raines stepped into DeMatteo’s shoes and became GameStop CEO. DeMatteo was named executive chairman of the company. In 2017, Raines took a sudden long medical leave and announced his resignation on January 31, 2018. On March 4, 2018, Raines died after battling a brain tumor.
GME largest holders
As reported by Yahoo Finance, the company currently has a float of 56 million shares. Of the total, 36% is owned by the public, 45% by institutions and 19% by insiders — the latter includes the company’s officers, directors, and those with access to non-public company information.
Implications for the stock
Despite the institutional ownership mentioned above, it would not be an oversimplification to say that GME is largely owned by individual investors (either direct ownership or through funds like BlackRock’s iShares Core S&P Mid-Cap ETF) under the leadership of a key activist in Ryan Cohen’s RC Ventures.
Institutional Buying and Selling by Quarter
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Who are the institutional owners of GameStop?
During the previous two years, 257 institutional investors and hedge funds held shares of GameStop. The most heavily invested institutionals were Vanguard Group Inc. ($1.29B), BlackRock Inc.
What percentage of GameStop stock is owned by institutional investors?
26.05% of GameStop stock is owned by institutional investors. Learn more
Which institutional investors have been buying GameStop stock?
Of the 225 institutional investors that purchased GameStop stock in the last 24 months, the following investors and hedge funds have bought the highest volume of shares: Morgan Stanley ($4.75M), Maverick Capital Ltd. ($3.81M), Senvest Management LLC ($1.83M), Norges Bank ($1.81M), Must Asset Management Inc.
How much institutional buying is happening at GameStop?
Institutional investors have bought a total of 24,799,671 shares in the last 24 months. This purchase volume represents approximately $1.05B in transactions.
Which GameStop institutionals have been selling company stock?
Of the 129 institutional investors that sold GameStop stock in the last 24 months, the following investors and hedge funds have sold the highest volume of shares: BlackRock Inc. ($7.37M), Morgan Stanley ($4.83M), Dimensional Fund Advisors LP ($3.95M), Vanguard Group Inc.
How much institutional selling is happening at GameStop?
Institutional investors have sold a total of 38,720,611 shares in the last 24 months. This volume of shares sold represents approximately $3.43B in transactions.