Arrowstreet Capital Limited Partnership grew its holdings in shares of GAN Limited (NASDAQ:GAN - Free Report) by 475.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 925,449 shares of the company's stock after buying an additional 764,752 shares during the quarter. Arrowstreet Capital Limited Partnership owned 2.03% of GAN worth $1,684,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of GAN in the fourth quarter valued at approximately $36,000. AssuredPartners Investment Advisors LLC purchased a new position in shares of GAN during the fourth quarter valued at approximately $62,000. Ridgewood Investments LLC bought a new stake in GAN during the fourth quarter worth $95,000. Finally, Oddo BHF Asset Management Sas bought a new stake in GAN during the third quarter worth $3,676,000. 16.67% of the stock is owned by institutional investors.
GAN Stock Up 0.3 %
NASDAQ:GAN traded up $0.01 during trading hours on Wednesday, hitting $1.73. 9,367 shares of the company traded hands, compared to its average volume of 179,541. The company has a market cap of $79.00 million, a PE ratio of -5.75 and a beta of 1.88. The firm's 50-day simple moving average is $1.76 and its 200-day simple moving average is $1.80. GAN Limited has a one year low of $1.17 and a one year high of $1.90.
GAN (NASDAQ:GAN - Get Free Report) last released its quarterly 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 company had revenue of $31.69 million for the quarter, compared to the consensus estimate of $41.11 million. During the same quarter in the prior year, the firm earned ($0.21) earnings per share.
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.
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