Rangeley Capital LLC Takes Position in GAN Limited (NASDAQ:GAN)

Rangeley Capital LLC acquired a new position in GAN Limited (NASDAQ:GAN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $182,000. Rangeley Capital LLC owned approximately 0.22% of GAN at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GAN. Bank Julius Baer & Co. Ltd Zurich bought a new stake in GAN during the 4th quarter valued at approximately $36,000. AssuredPartners Investment Advisors LLC acquired a new stake in shares of GAN in the fourth quarter worth $62,000. Ridgewood Investments LLC acquired a new position in GAN during the 4th quarter valued at $95,000. Geode Capital Management LLC boosted its holdings in GAN by 2.2% in the 3rd 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. Finally, Arrowstreet Capital Limited Partnership grew its position in GAN by 475.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 925,449 shares of the company’s stock worth $1,684,000 after purchasing an additional 764,752 shares during the last quarter. Institutional investors and hedge funds own 16.67% of the company’s stock.

GAN Stock Performance

Shares of GAN opened at $1.77 on Thursday. GAN Limited has a 52 week low of $1.17 and a 52 week high of $1.90. The firm has a market capitalization of $81.06 million, a P/E ratio of -5.90 and a beta of 1.96. The company has a 50-day simple moving average of $1.79 and a 200-day simple moving average of $1.81.

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

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.