Black Maple Capital Management LP Invests $1.03 Million in GAN Limited (NASDAQ:GAN)

Black Maple Capital Management LP acquired a new position in shares of GAN Limited (NASDAQ:GAN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 568,245 shares of the company's stock, valued at approximately $1,034,000. Black Maple Capital Management LP owned 1.25% of GAN as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of GAN by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 436,926 shares of the company's stock worth $774,000 after buying an additional 9,260 shares during the last quarter. Ridgewood Investments LLC acquired a new position in GAN during the 4th quarter valued at about $95,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in GAN during the fourth quarter valued at about $36,000. AssuredPartners Investment Advisors LLC acquired a new stake in GAN during the fourth quarter valued at approximately $62,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of GAN by 475.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 925,449 shares of the company's stock worth $1,684,000 after acquiring an additional 764,752 shares during the last quarter. Institutional investors and hedge funds own 16.67% of the company's stock.

GAN Trading Up 1.1 %

NASDAQ GAN traded up $0.02 during trading on Friday, reaching $1.82. 175,985 shares of the company's stock were exchanged, compared to its average volume of 177,907. The firm has a market capitalization of $84.32 million, a PE ratio of -6.07 and a beta of 1.86. GAN Limited has a fifty-two week low of $1.23 and a fifty-two week high of $1.90. The company's fifty day simple moving average is $1.76 and its 200-day simple moving average is $1.80.

GAN (NASDAQ:GAN - Get Free Report) last posted its earnings results on Monday, March 17th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate 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 earned ($0.21) earnings per share.

GAN Company Profile

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.