554,609 Shares in GAN Limited (NASDAQ:GAN) Acquired by Credit Industriel ET Commercial

Credit Industriel ET Commercial purchased a new position in shares of GAN Limited (NASDAQ:GAN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 554,609 shares of the company's stock, valued at approximately $1,009,000. Credit Industriel ET Commercial owned approximately 1.22% of GAN at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership lifted its stake in shares of GAN by 475.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 925,449 shares of the company's stock worth $1,684,000 after buying an additional 764,752 shares during the period. Oddo BHF Asset Management Sas acquired a new position in GAN in the 3rd quarter worth approximately $3,676,000. Dynamic Technology Lab Private Ltd lifted its stake in GAN by 26.8% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 954,455 shares of the company's stock valued at $1,737,000 after acquiring an additional 201,712 shares during the period. Geode Capital Management LLC boosted its holdings 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 valued at $774,000 after acquiring an additional 9,260 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC purchased a new position in shares of GAN during the fourth quarter worth $62,000. Hedge funds and other institutional investors own 16.67% of the company's stock.

GAN Stock Performance

NASDAQ GAN opened at $1.73 on Thursday. GAN Limited has a fifty-two week low of $1.17 and a fifty-two week high of $1.90. The firm has a market capitalization of $79.23 million, a P/E ratio of -5.77 and a beta of 1.88. The stock has a 50-day simple moving average of $1.75 and a two-hundred day simple moving average of $1.80.

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

About GAN

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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