Geode Capital Management LLC Raises Stock Position in GAN Limited (NASDAQ:GAN)

Geode Capital Management LLC increased its position in GAN Limited (NASDAQ:GAN) by 2.2% during the 3rd quarter, Holdings Channel reports. The firm owned 436,926 shares of the company’s stock after acquiring an additional 9,260 shares during the quarter. Geode Capital Management LLC’s holdings in GAN were worth $774,000 at the end of the most recent quarter.

Separately, Skandinaviska Enskilda Banken AB publ bought a new position in shares of GAN in the 2nd quarter worth $479,000. Institutional investors and hedge funds own 16.67% of the company’s stock.

GAN Stock Performance

GAN stock opened at $1.84 on Friday. The firm has a 50-day simple moving average of $1.83 and a two-hundred day simple moving average of $1.73. GAN Limited has a one year low of $1.17 and a one year high of $1.87. The firm 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 released its quarterly earnings results on Friday, November 8th. The company reported $0.04 earnings per share (EPS) 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.