Tower Research Capital LLC TRC Grows Position in GAN Limited (NASDAQ:GAN)

Tower Research Capital LLC TRC grew its stake in GAN Limited (NASDAQ:GAN) by 751.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,996 shares of the company’s stock after buying an additional 15,882 shares during the quarter. Tower Research Capital LLC TRC’s holdings in GAN were worth $28,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GAN. Cannon Global Investment Management LLC bought a new stake in shares of GAN during the 4th quarter valued at $75,000. Ingalls & Snyder LLC lifted its holdings in GAN by 510.0% in the 3rd quarter. Ingalls & Snyder LLC now owns 66,180 shares of the company’s stock worth $77,000 after purchasing an additional 55,330 shares in the last quarter. Clear Harbor Asset Management LLC bought a new stake in shares of GAN during the fourth quarter valued at approximately $169,000. FNY Investment Advisers LLC purchased a new position in shares of GAN in the fourth quarter worth $292,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of GAN during the fourth quarter worth $1,001,000. Institutional investors own 16.67% of the company’s stock.

GAN Price Performance

Shares of GAN traded down $0.01 during midday trading on Friday, hitting $1.18. 95,660 shares of the company traded hands, compared to its average volume of 126,920. The company has a debt-to-equity ratio of 20.32, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market cap of $53.23 million, a price-to-earnings 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 firm has a 50 day moving average of $1.33 and a 200-day moving average of $1.41.

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