eGain Co. (NASDAQ:EGAN) is Kanen Wealth Management LLC’s 6th Largest Position

Kanen Wealth Management LLC grew its stake in shares of eGain Co. (NASDAQ:EGAN) by 6.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,659,823 shares of the technology company’s stock after buying an additional 171,451 shares during the quarter. eGain accounts for about 6.2% of Kanen Wealth Management LLC’s portfolio, making the stock its 6th biggest position. Kanen Wealth Management LLC owned 0.09% of eGain worth $16,571,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Williams & Novak LLC bought a new position in eGain during the third quarter valued at approximately $66,000. JPMorgan Chase & Co. raised its stake in eGain by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock valued at $79,000 after buying an additional 1,613 shares during the last quarter. Gladius Capital Management LP bought a new position in shares of eGain during the 3rd quarter valued at $84,000. Jane Street Group LLC boosted its stake in shares of eGain by 16.8% in the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company’s stock worth $182,000 after buying an additional 5,144 shares during the last quarter. Finally, Seizert Capital Partners LLC boosted its stake in shares of eGain by 99.5% in the 3rd quarter. Seizert Capital Partners LLC now owns 38,068 shares of the technology company’s stock worth $194,000 after buying an additional 18,989 shares during the last quarter. 53.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

eGain Stock Up 0.6 %

Shares of EGAN stock opened at $6.54 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.04. eGain Co. has a 12 month low of $4.71 and a 12 month high of $7.96. The stock has a market cap of $186.52 million, a P/E ratio of 34.42 and a beta of 0.42. The company has a 50 day simple moving average of $5.80 and a two-hundred day simple moving average of $5.93.

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.