AssuredPartners Investment Advisors LLC Makes New Investment in GAN Limited (NASDAQ:GAN)

AssuredPartners Investment Advisors LLC purchased a new stake in shares of GAN Limited (NASDAQ:GAN) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 34,000 shares of the company’s stock, valued at approximately $62,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GAN. Oddo BHF Asset Management Sas bought a new stake in GAN during the 3rd quarter valued at $3,676,000. Geode Capital Management LLC increased its holdings in shares of GAN by 2.2% during the third 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 period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of GAN during the fourth quarter valued at about $36,000. Finally, Ridgewood Investments LLC acquired a new stake in GAN in the fourth quarter worth about $95,000. 16.67% of the stock is currently owned by institutional investors and hedge funds.

GAN Stock Performance

GAN stock opened at $1.78 on Friday. GAN Limited has a 52 week low of $1.17 and a 52 week high of $1.90. The stock has a market cap of $81.52 million, a price-to-earnings ratio of -5.93 and a beta of 1.96. The company’s 50-day moving average price is $1.80 and its two-hundred day moving average price is $1.81.

GAN (NASDAQ:GAN) last announced its earnings results on Monday, March 17th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The company had revenue of $31.69 million during the quarter, compared to analysts’ expectations of $41.11 million. During the same quarter last year, the firm posted ($0.21) earnings per share.

GAN 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.