241,099 Shares in GAN Limited (NASDAQ:GAN) Acquired by Css LLC Il

Css LLC Il bought a new stake in shares of GAN Limited (NASDAQ:GAN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 241,099 shares of the company’s stock, valued at approximately $439,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of GAN during the 4th quarter valued at $36,000. Jane Street Group LLC purchased a new position in GAN during the fourth quarter valued at $55,000. AssuredPartners Investment Advisors LLC bought a new stake in GAN during the fourth quarter valued at about $62,000. Rangeley Capital LLC bought a new stake in GAN during the fourth quarter valued at about $182,000. Finally, Credit Industriel ET Commercial purchased a new stake in GAN in the fourth quarter worth about $1,009,000. 16.67% of the stock is owned by hedge funds and other institutional investors.

GAN Trading Up 0.5%

NASDAQ GAN opened at $1.96 on Friday. GAN Limited has a 12 month low of $1.29 and a 12 month high of $1.97. The stock has a market cap of $91.06 million, a price-to-earnings ratio of -6.53 and a beta of 1.86. The company’s 50 day moving average is $1.79 and its two-hundred day moving average is $1.81.

GAN (NASDAQ:GAN) last announced its quarterly earnings data on Friday, May 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.09). The firm had revenue of $29.37 million for the quarter, compared to analysts’ expectations of $37.48 million.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut GAN from a “hold” rating to a “sell” rating in a research report on Thursday.

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.