Bridgeway Capital Management LLC Sells 553,000 Shares of GAN Limited (NASDAQ:GAN)

Bridgeway Capital Management LLC decreased its stake in shares of GAN Limited (NASDAQ:GAN) by 86.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,289 shares of the company’s stock after selling 553,000 shares during the period. Bridgeway Capital Management LLC owned about 0.19% of GAN worth $159,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GAN. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in GAN during the fourth quarter valued at approximately $36,000. Jane Street Group LLC purchased a new stake in GAN during the fourth quarter valued at approximately $55,000. AssuredPartners Investment Advisors LLC purchased a new stake in GAN during the fourth quarter valued at approximately $62,000. Rangeley Capital LLC purchased a new stake in GAN during the fourth quarter valued at approximately $182,000. Finally, Credit Industriel ET Commercial purchased a new stake in GAN during the fourth quarter valued at approximately $1,009,000. Institutional investors own 16.67% of the company’s stock.

GAN Trading Down 1.6%

Shares of GAN stock opened at $1.86 on Wednesday. GAN Limited has a 12 month low of $1.29 and a 12 month high of $1.90. The stock has a market cap of $86.17 million, a P/E ratio of -6.20 and a beta of 1.86. The company has a 50 day simple moving average of $1.77 and a two-hundred day simple moving average of $1.80.

GAN (NASDAQ:GAN) last announced its quarterly earnings data on Friday, May 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.09). The firm had revenue of $29.37 million for the quarter, compared to analysts’ expectations of $37.48 million.

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.