Cigogne Management SA acquired a new stake in shares of GAN Limited (NASDAQ:GAN - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,295,391 shares of the company's stock, valued at approximately $2,358,000. GAN makes up 1.4% of Cigogne Management SA's portfolio, making the stock its 18th largest position. Cigogne Management SA owned about 2.84% of GAN as of its most recent SEC filing.
Several other large investors have also bought and sold shares of GAN. Bank Julius Baer & Co. Ltd Zurich purchased a new position in GAN in the fourth quarter valued at about $36,000. AssuredPartners Investment Advisors LLC purchased a new position in GAN in the fourth quarter valued at about $62,000. Ridgewood Investments LLC purchased a new position in GAN in the fourth quarter valued at about $95,000. Rangeley Capital LLC purchased a new position in GAN in the fourth quarter valued at about $182,000. Finally, Geode Capital Management LLC boosted its stake in GAN by 2.2% in the third quarter. Geode Capital Management LLC now owns 436,926 shares of the company's stock valued at $774,000 after acquiring an additional 9,260 shares during the last quarter. 16.67% of the stock is currently owned by institutional investors.
GAN Stock Performance
GAN traded up $0.05 during midday trading on Tuesday, reaching $1.82. The company had a trading volume of 29,551 shares, compared to its average volume of 177,601. The stock has a market cap of $83.12 million, a PE ratio of -6.05 and a beta of 1.88. GAN Limited has a 12-month low of $1.17 and a 12-month high of $1.90. The business has a 50-day moving average price of $1.75 and a two-hundred day moving average price of $1.80.
GAN (NASDAQ:GAN - Get Free Report) last released its earnings results on Monday, March 17th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). The business had revenue of $31.69 million for the quarter, compared to analysts' expectations of $41.11 million. During the same quarter last year, the firm posted ($0.21) EPS.
GAN Company Profile
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Free Report)
GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. It operates through two segments: B2B and B2C. The company provides and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming.
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