1,295,391 Shares in GAN Limited (NASDAQ:GAN) Purchased by Cigogne Management SA

Cigogne Management SA bought a new stake in GAN Limited (NASDAQ:GAN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,295,391 shares of the company’s stock, valued at approximately $2,358,000. GAN comprises about 1.4% of Cigogne Management SA’s holdings, making the stock its 18th biggest position. Cigogne Management SA owned 2.84% of GAN at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GAN. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of GAN in the fourth quarter valued at about $36,000. AssuredPartners Investment Advisors LLC bought a new stake in shares of GAN in the 4th quarter worth approximately $62,000. Ridgewood Investments LLC acquired a new stake in shares of GAN during the 4th quarter worth approximately $95,000. Rangeley Capital LLC bought a new stake in shares of GAN during the fourth quarter valued at approximately $182,000. Finally, Geode Capital Management LLC raised its stake in shares of GAN by 2.2% in the third 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 in the last quarter. 16.67% of the stock is owned by institutional investors.

GAN Price Performance

GAN opened at $1.73 on Thursday. The company has a market capitalization of $79.23 million, a P/E ratio of -5.77 and a beta of 1.88. The firm’s fifty day moving average price is $1.75 and its two-hundred day moving average price is $1.80. GAN Limited has a fifty-two week low of $1.17 and a fifty-two week high of $1.90.

GAN (NASDAQ:GAN) last posted its earnings results on Monday, March 17th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The company had revenue of $31.69 million for the quarter, compared to analyst estimates of $41.11 million. During the same quarter in the prior year, the firm posted ($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.