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568,245 Shares in GAN Limited (NASDAQ:GAN) Purchased by Black Maple Capital Management LP

GAN logo with Computer and Technology background

Black Maple Capital Management LP purchased a new position in GAN Limited (NASDAQ:GAN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 568,245 shares of the company's stock, valued at approximately $1,034,000. Black Maple Capital Management LP owned about 1.25% of GAN at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of GAN in the 4th quarter valued at $36,000. Jane Street Group LLC acquired a new stake in GAN during the 4th quarter worth about $55,000. AssuredPartners Investment Advisors LLC acquired a new stake in shares of GAN during the fourth quarter worth about $62,000. Ridgewood Investments LLC purchased a new stake in shares of GAN in the 4th quarter valued at $95,000. Finally, Rangeley Capital LLC purchased a new stake in GAN in the fourth quarter valued at $182,000. 16.67% of the stock is currently owned by institutional investors.

GAN Stock Performance

GAN stock traded down $0.01 during midday trading on Tuesday, hitting $1.81. 95,878 shares of the company were exchanged, compared to its average volume of 177,287. The firm has a market capitalization of $82.66 million, a PE ratio of -6.02 and a beta of 1.86. The business has a fifty day simple moving average of $1.76 and a two-hundred day simple moving average of $1.80. GAN Limited has a fifty-two week low of $1.18 and a fifty-two week high of $1.90.

GAN (NASDAQ:GAN - Get Free Report) last announced its quarterly earnings results on Monday, March 17th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The company had revenue of $31.69 million during the quarter, compared to analysts' expectations of $41.11 million. During the same period in the previous year, the company posted ($0.21) EPS.

About GAN

(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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Institutional Ownership by Quarter for GAN (NASDAQ:GAN)

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