Ridgewood Investments LLC Takes Position in GAN Limited (NASDAQ:GAN)

Ridgewood Investments LLC bought a new stake in shares of GAN Limited (NASDAQ:GAN) during the fourth quarter, HoldingsChannel reports. The firm bought 52,330 shares of the company’s stock, valued at approximately $95,000.

A number of other hedge funds have also recently modified their holdings of GAN. Geode Capital Management LLC boosted its stake in GAN by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 436,926 shares of the company’s stock worth $774,000 after purchasing an additional 9,260 shares in the last quarter. Renaissance Technologies LLC boosted its stake in GAN by 3.0% in the 2nd quarter. Renaissance Technologies LLC now owns 777,817 shares of the company’s stock worth $1,147,000 after purchasing an additional 22,700 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in GAN in the 2nd quarter worth about $479,000. Finally, Oddo BHF Asset Management Sas bought a new position in GAN in the 3rd quarter worth about $3,676,000. Institutional investors own 16.67% of the company’s stock.

GAN Price Performance

Shares of GAN stock opened at $1.84 on Friday. The stock has a market cap of $83.85 million, a price-to-earnings ratio of -6.13 and a beta of 1.96. The firm’s 50-day moving average is $1.83 and its 200 day moving average is $1.73. GAN Limited has a 1 year low of $1.17 and a 1 year high of $1.87.

GAN (NASDAQ:GAN) last posted its earnings results on Friday, November 8th. The company reported $0.04 earnings per share (EPS) 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.