Dynamic Technology Lab Private Ltd Grows Position in GAN Limited (NASDAQ:GAN)

Dynamic Technology Lab Private Ltd raised its stake in GAN Limited (NASDAQ:GAN - Free Report) by 26.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 954,455 shares of the company's stock after buying an additional 201,712 shares during the period. Dynamic Technology Lab Private Ltd owned 2.09% of GAN worth $1,737,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich bought a new position in GAN in the fourth quarter valued at about $36,000. AssuredPartners Investment Advisors LLC bought a new position in GAN during the 4th quarter worth $62,000. Ridgewood Investments LLC acquired a new position in GAN during the 4th quarter worth about $95,000. Rangeley Capital LLC acquired a new stake in shares of GAN in the fourth quarter valued at about $182,000. Finally, Geode Capital Management LLC boosted its stake 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 purchasing an additional 9,260 shares during the last quarter. 16.67% of the stock is currently owned by institutional investors and hedge funds.

GAN Stock Up 0.6 %

GAN stock traded up $0.01 during trading hours on Thursday, reaching $1.72. 38,460 shares of the company's stock were exchanged, compared to its average volume of 180,223. The firm's 50 day simple moving average is $1.77 and its 200 day simple moving average is $1.80. GAN Limited has a twelve month low of $1.17 and a twelve month high of $1.90. The firm has a market capitalization of $78.77 million, a PE ratio of -5.73 and a beta of 1.88.

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