Stifel Financial Corp Decreases Stock Position in GAN Limited (NASDAQ:GAN)

Stifel Financial Corp cut its stake in shares of GAN Limited (NASDAQ:GAN) by 17.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,900 shares of the company’s stock after selling 8,800 shares during the quarter. Stifel Financial Corp owned approximately 0.09% of GAN worth $72,000 at the end of the most recent reporting period.

Separately, Renaissance Technologies LLC grew its stake in shares of GAN by 3.0% during the second quarter. Renaissance Technologies LLC now owns 777,817 shares of the company’s stock worth $1,147,000 after acquiring 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. The firm has a market capitalization of $83.39 million, a PE ratio of -6.10 and a beta of 1.99. The stock’s 50-day simple moving average is $1.82 and its 200-day simple moving average is $1.70. GAN Limited has a fifty-two week low of $1.17 and a fifty-two week high of $1.87.

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 company 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.