Renaissance Technologies LLC Has $2.26 Million Stock Holdings in GAN Limited (NASDAQ:GAN)

Renaissance Technologies LLC increased its holdings in GAN Limited (NASDAQ:GAN - Free Report) by 51.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,244,005 shares of the company's stock after buying an additional 424,678 shares during the period. Renaissance Technologies LLC owned about 2.73% of GAN worth $2,264,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Oddo BHF Asset Management Sas bought a new stake in shares of GAN during the 3rd quarter worth about $3,676,000. Arrowstreet Capital Limited Partnership raised its position in shares of GAN by 475.9% during the 4th 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 in the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of GAN by 26.8% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 954,455 shares of the company's stock worth $1,737,000 after buying an additional 201,712 shares in the last quarter. Rangeley Capital LLC bought a new stake in shares of GAN during the 4th quarter worth about $182,000. Finally, Ridgewood Investments LLC bought a new stake in shares of GAN during the 4th quarter worth about $95,000. 16.67% of the stock is owned by institutional investors and hedge funds.

GAN Stock Performance

Shares of GAN stock traded up $0.02 during midday trading on Monday, reaching $1.77. 63,997 shares of the company were exchanged, compared to its average volume of 178,191. GAN Limited has a 12 month low of $1.17 and a 12 month high of $1.90. The company has a market cap of $81.06 million, a P/E ratio of -5.90 and a beta of 1.88. The company's 50 day moving average price is $1.75 and its two-hundred day moving average price is $1.80.

GAN (NASDAQ:GAN - Get Free Report) last released its earnings results on Monday, March 17th. The company reported ($0.09) EPS 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 analyst estimates of $41.11 million. During the same quarter in the prior year, the firm earned ($0.21) EPS.

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.