Yakira Capital Management Inc. Decreases Stake in GAN Limited (NASDAQ:GAN)

Yakira Capital Management Inc. lessened its holdings in shares of GAN Limited (NASDAQ:GAN) by 21.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,760 shares of the company’s stock after selling 8,373 shares during the quarter. Yakira Capital Management Inc. owned approximately 0.07% of GAN worth $56,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Geode Capital Management LLC grew its position 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. Oddo BHF Asset Management Sas acquired a new position in GAN during the third quarter worth $3,676,000. Ridgewood Investments LLC purchased a new stake in GAN in the 4th quarter valued at $95,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of GAN in the 4th quarter worth $36,000. Finally, AssuredPartners Investment Advisors LLC purchased a new position in shares of GAN during the 4th quarter worth $62,000. Hedge funds and other institutional investors own 16.67% of the company’s stock.

GAN Trading Down 3.1 %

Shares of GAN opened at $1.71 on Friday. GAN Limited has a 12-month low of $1.17 and a 12-month high of $1.90. The firm has a market capitalization of $78.31 million, a P/E ratio of -5.70 and a beta of 1.88. The firm has a 50-day moving average price of $1.78 and a 200 day moving average price of $1.81.

GAN (NASDAQ:GAN) last posted its quarterly earnings results on Monday, March 17th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The firm had revenue of $31.69 million for the quarter, compared to analyst estimates of $41.11 million. During the same period last year, the business posted ($0.21) earnings per share.

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.