Skandinaviska Enskilda Banken AB publ Invests $479,000 in GAN Limited (NASDAQ:GAN)

Skandinaviska Enskilda Banken AB publ bought a new stake in shares of GAN Limited (NASDAQ:GAN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 325,000 shares of the company's stock, valued at approximately $479,000. Skandinaviska Enskilda Banken AB publ owned 0.72% of GAN at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GAN. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of GAN in the fourth quarter worth about $1,525,000. Gabelli Funds LLC raised its position in shares of GAN by 5,788.6% during the 4th quarter. Gabelli Funds LLC now owns 989,282 shares of the company's stock worth $1,563,000 after purchasing an additional 972,482 shares during the last quarter. PenderFund Capital Management Ltd. acquired a new position in shares of GAN during the 4th quarter worth about $482,000. Clear Harbor Asset Management LLC grew its stake in GAN by 17.2% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 77,099 shares of the company's stock valued at $114,000 after acquiring an additional 11,299 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in GAN by 3.0% during the 2nd quarter. Renaissance Technologies LLC now owns 777,817 shares of the company's stock valued at $1,147,000 after acquiring an additional 22,700 shares in the last quarter. 16.67% of the stock is currently owned by institutional investors and hedge funds.

GAN Price Performance

NASDAQ GAN traded down $0.03 during trading hours on Wednesday, hitting $1.74. 129,714 shares of the company's stock traded hands, compared to its average volume of 166,113. GAN Limited has a 52-week low of $0.83 and a 52-week high of $1.83. The company has a market capitalization of $79.12 million, a PE ratio of -1.96 and a beta of 2.02. The firm's 50-day moving average is $1.67 and its 200-day moving average is $1.46.

GAN (NASDAQ:GAN - Get Free Report) last announced its quarterly earnings data on Friday, August 9th. The company reported ($0.04) earnings per share (EPS) for the quarter. GAN had a negative net margin of 18.48% and a negative return on equity of 323.71%. The business had revenue of $35.56 million for the quarter.

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.