Gabelli Funds LLC grew its stake in GAN Limited (NASDAQ:GAN - Free Report) by 5,788.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 989,282 shares of the company's stock after acquiring an additional 972,482 shares during the period. Gabelli Funds LLC owned 2.21% of GAN worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new stake in shares of GAN in the 4th quarter valued at about $292,000. Clear Harbor Asset Management LLC acquired a new position in GAN during the fourth quarter worth approximately $169,000. Cannon Global Investment Management LLC acquired a new stake in shares of GAN in the fourth quarter valued at approximately $75,000. Dynamic Technology Lab Private Ltd bought a new position in GAN during the fourth quarter worth $1,001,000. Finally, Tower Research Capital LLC TRC raised its position in shares of GAN by 751.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,996 shares of the company's stock valued at $28,000 after purchasing an additional 15,882 shares during the period. Institutional investors own 16.67% of the company's stock.
GAN Stock Performance
Shares of GAN stock traded down $0.02 during midday trading on Monday, hitting $1.36. 69,695 shares of the company were exchanged, compared to its average volume of 177,806. GAN Limited has a 52 week low of $0.83 and a 52 week high of $2.07. The firm has a market capitalization of $61.73 million, a P/E ratio of -1.53 and a beta of 2.00. The firm's 50 day moving average price is $1.31 and its two-hundred day moving average price is $1.44. The company has a debt-to-equity ratio of 20.32, a quick ratio of 1.58 and a current ratio of 1.58.
GAN (NASDAQ:GAN - Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $30.65 million for the quarter. GAN had a negative return on equity of 323.71% and a negative net margin of 32.10%.
GAN 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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