Ridgewood Investments LLC Makes New $95,000 Investment in GAN Limited (NASDAQ:GAN)

Ridgewood Investments LLC bought a new position in GAN Limited (NASDAQ:GAN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 52,330 shares of the company’s stock, valued at approximately $95,000. Ridgewood Investments LLC owned 0.11% of GAN as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of GAN in the second quarter worth $479,000. Geode Capital Management LLC increased 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 worth $774,000 after buying an additional 9,260 shares during the period. Renaissance Technologies LLC increased its stake in shares of GAN by 3.0% in the second quarter. Renaissance Technologies LLC now owns 777,817 shares of the company’s stock worth $1,147,000 after buying an additional 22,700 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of GAN in the third quarter worth $3,676,000. 16.67% of the stock is owned by hedge funds and other institutional investors.

GAN Stock Down 0.5 %

Shares of NASDAQ GAN opened at $1.84 on Friday. GAN Limited has a 52 week low of $1.17 and a 52 week high of $1.87. The firm’s fifty day moving average is $1.83 and its 200 day moving average is $1.73. The company has a market cap of $83.85 million, a price-to-earnings ratio of -6.13 and a beta of 1.96.

GAN (NASDAQ:GAN) last issued its quarterly earnings data 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.

GAN Company 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.