FNY Investment Advisers LLC Lowers Stock Position in GAN Limited (NASDAQ:GAN)

FNY Investment Advisers LLC decreased its position in GAN Limited (NASDAQ:GAN) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 236,443 shares of the company’s stock after selling 14,535 shares during the period. FNY Investment Advisers LLC’s holdings in GAN were worth $430,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in shares of GAN by 2.2% during 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 during the period. Renaissance Technologies LLC grew its holdings in GAN by 3.0% in the second quarter. Renaissance Technologies LLC now owns 777,817 shares of the company’s stock valued at $1,147,000 after purchasing an additional 22,700 shares during the period. Ridgewood Investments LLC purchased a new stake in shares of GAN in the fourth quarter valued at approximately $95,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of GAN during the 2nd quarter worth approximately $479,000. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of GAN during the 3rd quarter valued at approximately $3,676,000. Institutional investors and hedge funds own 16.67% of the company’s stock.

GAN Stock Performance

GAN stock opened at $1.84 on Tuesday. The company’s fifty day moving average price is $1.83 and its 200 day moving average price is $1.74. The stock has a market capitalization of $83.85 million, a P/E ratio of -6.13 and a beta of 1.96. GAN Limited has a 1 year low of $1.17 and a 1 year high of $1.87.

GAN (NASDAQ:GAN) last released its quarterly earnings results on Friday, November 8th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $37.10 million for the quarter.

About GAN

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.