Css LLC Il bought a new position in GAN Limited (NASDAQ:GAN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 241,099 shares of the company's stock, valued at approximately $439,000. Css LLC Il owned approximately 0.53% of GAN at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Black Maple Capital Management LP purchased a new position in GAN in the fourth quarter worth about $1,034,000. Jane Street Group LLC purchased a new position in GAN in the 4th quarter worth approximately $55,000. Credit Industriel ET Commercial bought a new position in GAN in the 4th quarter valued at approximately $1,009,000. Cigogne Management SA bought a new position in GAN in the 4th quarter valued at approximately $2,358,000. Finally, Renaissance Technologies LLC boosted its stake in GAN by 51.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,244,005 shares of the company's stock valued at $2,264,000 after purchasing an additional 424,678 shares during the last quarter. 16.67% of the stock is owned by institutional investors.
GAN Stock Performance
GAN opened at $1.96 on Friday. The company's 50-day simple moving average is $1.79 and its two-hundred day simple moving average is $1.81. The stock has a market capitalization of $91.06 million, a P/E ratio of -6.53 and a beta of 1.86. GAN Limited has a 52-week low of $1.29 and a 52-week high of $1.97.
GAN (NASDAQ:GAN - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.09). The company had revenue of $29.37 million for the quarter, compared to the consensus estimate of $37.48 million.
Analyst Ratings Changes
Separately, Wall Street Zen cut GAN from a "hold" rating to a "sell" rating in a research note on Thursday.
Check Out Our Latest Research Report on GAN
GAN Company Profile
(
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.
Further Reading
Want to see what other hedge funds are holding GAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GAN Limited (NASDAQ:GAN - Free Report).
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