Inspired Entertainment, Inc. (NASDAQ:INSE) Stock Holdings Lessened by Kennedy Capital Management LLC

Kennedy Capital Management LLC lowered its position in Inspired Entertainment, Inc. (NASDAQ:INSE) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,616 shares of the company’s stock after selling 2,380 shares during the quarter. Kennedy Capital Management LLC owned approximately 1.10% of Inspired Entertainment worth $2,875,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of INSE. SG Americas Securities LLC bought a new stake in shares of Inspired Entertainment in the fourth quarter valued at approximately $158,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Inspired Entertainment by 2.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,642 shares of the company’s stock valued at $500,000 after purchasing an additional 1,433 shares during the period. Private Management Group Inc. acquired a new stake in Inspired Entertainment in the 4th quarter worth $1,772,000. Gabelli Funds LLC raised its position in shares of Inspired Entertainment by 3.8% during the fourth quarter. Gabelli Funds LLC now owns 93,400 shares of the company’s stock valued at $923,000 after buying an additional 3,400 shares during the last quarter. Finally, Platform Technology Partners bought a new stake in shares of Inspired Entertainment in the 4th quarter worth approximately $117,000. 77.38% of the stock is owned by institutional investors and hedge funds.

Inspired Entertainment Trading Up 1.6 %

Shares of INSE traded up $0.14 during trading hours on Wednesday, hitting $9.16. 17,871 shares of the stock traded hands, compared to its average volume of 117,593. The business has a fifty day moving average of $9.10 and a 200-day moving average of $9.18. The firm has a market capitalization of $243.38 million, a PE ratio of 152.19 and a beta of 1.42. Inspired Entertainment, Inc. has a 1-year low of $6.12 and a 1-year high of $13.60.

Inspired Entertainment (NASDAQ:INSE) last issued its earnings results on Friday, May 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.05). Inspired Entertainment had a net margin of 0.56% and a negative return on equity of 9.10%. The business had revenue of $63.10 million during the quarter, compared to the consensus estimate of $63.65 million. As a group, equities research analysts expect that Inspired Entertainment, Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JMP Securities dropped their target price on Inspired Entertainment from $15.00 to $14.00 and set a “market outperform” rating for the company in a report on Monday, May 13th. B. Riley assumed coverage on shares of Inspired Entertainment in a research report on Friday, April 5th. They set a “buy” rating and a $21.00 price target on the stock.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.