Oddo BHF Asset Management Sas Invests $3.68 Million in GAN Limited (NASDAQ:GAN)

Oddo BHF Asset Management Sas bought a new position in shares of GAN Limited (NASDAQ:GAN) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,077,002 shares of the company’s stock, valued at approximately $3,676,000.

Several other institutional investors and hedge funds have also bought and sold shares of GAN. Renaissance Technologies LLC lifted its holdings in 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. Skandinaviska Enskilda Banken AB publ bought a new position in shares of GAN during the second quarter valued at approximately $479,000. Finally, Geode Capital Management LLC increased its stake in shares of GAN by 2.2% during 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. 16.67% of the stock is currently owned by hedge funds and other institutional investors.

GAN Stock Performance

Shares of NASDAQ GAN opened at $1.84 on Friday. The company has a market capitalization of $83.85 million, a price-to-earnings ratio of -6.13 and a beta of 1.99. The company has a 50 day simple moving average of $1.82 and a two-hundred day simple moving average of $1.66. GAN Limited has a fifty-two week low of $1.17 and a fifty-two week high of $1.87.

GAN (NASDAQ:GAN) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $37.10 million for 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.