Dynamic Technology Lab Private Ltd Acquires 201,712 Shares of GAN Limited (NASDAQ:GAN)

Dynamic Technology Lab Private Ltd grew its stake in GAN Limited (NASDAQ:GAN) by 26.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 954,455 shares of the company’s stock after purchasing an additional 201,712 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in GAN were worth $1,737,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rangeley Capital LLC acquired a new position in GAN during the fourth quarter worth $182,000. Arrowstreet Capital Limited Partnership increased its stake in shares of GAN by 475.9% during 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. AssuredPartners Investment Advisors LLC acquired a new stake in GAN in the 4th quarter valued at about $62,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in GAN during the fourth quarter worth about $36,000. Finally, Ridgewood Investments LLC bought a new position in GAN during the fourth quarter worth about $95,000. Institutional investors and hedge funds own 16.67% of the company’s stock.

GAN Stock Down 3.1 %

GAN opened at $1.71 on Friday. GAN Limited has a 12-month low of $1.17 and a 12-month high of $1.90. The business has a 50 day moving average of $1.78 and a 200-day moving average of $1.81. The stock has a market cap of $78.31 million, a price-to-earnings ratio of -5.70 and a beta of 1.88.

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