Stifel Financial Corp Lowers Position in GAN Limited (NASDAQ:GAN)

Stifel Financial Corp decreased its holdings in GAN Limited (NASDAQ:GAN) by 17.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,900 shares of the company’s stock after selling 8,800 shares during the period. Stifel Financial Corp’s holdings in GAN were worth $72,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Renaissance Technologies LLC raised its holdings in shares of GAN by 3.0% in the second quarter. Renaissance Technologies LLC now owns 777,817 shares of the company’s stock valued at $1,147,000 after buying an additional 22,700 shares during the last quarter. Institutional investors and hedge funds own 16.67% of the company’s stock.

GAN Stock Performance

Shares of GAN stock opened at $1.83 on Tuesday. GAN Limited has a one year low of $1.17 and a one year high of $1.87. The firm has a fifty day moving average of $1.82 and a two-hundred day moving average of $1.70. The company has a market cap of $83.39 million, a P/E ratio of -6.10 and a beta of 1.99.

GAN (NASDAQ:GAN) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.04 earnings per share for the quarter. The business 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.