FNY Investment Advisers LLC Decreases Holdings in GAN Limited (NASDAQ:GAN)

FNY Investment Advisers LLC cut its holdings in shares of GAN Limited (NASDAQ:GAN) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 236,443 shares of the company’s stock after selling 14,535 shares during the period. FNY Investment Advisers LLC owned 0.52% of GAN worth $430,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GAN. Ridgewood Investments LLC purchased a new stake in GAN during the 4th quarter worth approximately $95,000. Skandinaviska Enskilda Banken AB publ purchased a new position in GAN in the 2nd quarter worth $479,000. Geode Capital Management LLC lifted its position in GAN by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 436,926 shares of the company’s stock worth $774,000 after acquiring an additional 9,260 shares during the period. 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 purchasing an additional 22,700 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of GAN in the third quarter valued at about $3,676,000. Institutional investors and hedge funds own 16.67% of the company’s stock.

GAN Price Performance

GAN stock opened at $1.84 on Tuesday. The stock has a 50-day moving average price of $1.83 and a 200 day moving average price of $1.74. The company has a market capitalization of $83.85 million, a price-to-earnings ratio of -6.13 and a beta of 1.96. GAN Limited has a 52 week low of $1.17 and a 52 week high of $1.87.

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