2,077,002 Shares in GAN Limited (NASDAQ:GAN) Acquired by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas purchased a new position in GAN Limited (NASDAQ:GAN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,077,002 shares of the company’s stock, valued at approximately $3,676,000. Oddo BHF Asset Management Sas owned 4.56% of GAN at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings 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 acquiring an additional 22,700 shares during the period. Geode Capital Management LLC raised its holdings in GAN by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 436,926 shares of the company’s stock valued at $774,000 after acquiring an additional 9,260 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in GAN during the 2nd quarter valued at $479,000. 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 capitalization of $83.85 million, a price-to-earnings ratio of -6.13 and a beta of 1.99. GAN Limited has a 1 year low of $1.17 and a 1 year high of $1.87. The company’s fifty day simple moving average is $1.82 and its two-hundred day simple moving average is $1.66.

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

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.