Tower Research Capital LLC TRC Boosts Holdings in GAN Limited (NASDAQ:GAN)

Tower Research Capital LLC TRC grew its position in shares of GAN Limited (NASDAQ:GAN) by 751.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,996 shares of the company’s stock after buying an additional 15,882 shares during the period. Tower Research Capital LLC TRC’s holdings in GAN were worth $28,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cannon Global Investment Management LLC purchased a new position in GAN during the fourth quarter worth about $75,000. Ingalls & Snyder LLC raised its stake in GAN by 510.0% in the third quarter. Ingalls & Snyder LLC now owns 66,180 shares of the company’s stock valued at $77,000 after purchasing an additional 55,330 shares in the last quarter. Clear Harbor Asset Management LLC bought a new stake in GAN during the fourth quarter valued at approximately $169,000. FNY Investment Advisers LLC bought a new stake in GAN during the fourth quarter valued at approximately $292,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in GAN in the 4th quarter worth approximately $1,001,000. Institutional investors own 16.67% of the company’s stock.

GAN Price Performance

Shares of NASDAQ GAN traded down $0.01 during trading hours on Friday, reaching $1.18. 95,660 shares of the stock traded hands, compared to its average volume of 126,920. The company’s 50-day simple moving average is $1.33 and its two-hundred day simple moving average is $1.41. The company has a market capitalization of $53.23 million, a P/E ratio of -1.51 and a beta of 1.97. GAN Limited has a 52-week low of $0.83 and a 52-week high of $2.07. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 20.32.

GAN (NASDAQ:GAN) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.21) earnings per share (EPS) for the quarter. The business had revenue of $30.72 million during the quarter. GAN had a negative net margin of 26.61% and a negative return on equity of 323.71%.

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.