Bfsg LLC Purchases 3,850 Shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

Bfsg LLC increased its position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 39.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,725 shares of the company’s stock after acquiring an additional 3,850 shares during the quarter. Bfsg LLC owned about 0.05% of Inspired Entertainment worth $127,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new stake in Inspired Entertainment during the 1st quarter worth $26,000. BNP Paribas Financial Markets grew its stake in shares of Inspired Entertainment by 102.1% during the first quarter. BNP Paribas Financial Markets now owns 35,108 shares of the company’s stock worth $346,000 after purchasing an additional 17,733 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Inspired Entertainment by 2.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,917 shares of the company’s stock valued at $512,000 after purchasing an additional 1,275 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Inspired Entertainment by 15.4% in the second quarter. Bank of New York Mellon Corp now owns 65,768 shares of the company’s stock valued at $602,000 after buying an additional 8,753 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Inspired Entertainment by 104.0% during the second quarter. Renaissance Technologies LLC now owns 71,600 shares of the company’s stock worth $655,000 after buying an additional 36,500 shares during the last quarter. Institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Trading Up 4.4 %

Shares of Inspired Entertainment stock opened at $9.48 on Friday. The stock’s fifty day simple moving average is $9.00 and its 200 day simple moving average is $9.02. The company has a market capitalization of $251.89 million, a PE ratio of 158.00 and a beta of 1.40. Inspired Entertainment, Inc. has a 12 month low of $6.12 and a 12 month high of $11.79.

Inspired Entertainment (NASDAQ:INSE) last announced its earnings results on Thursday, August 8th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03). The company had revenue of $75.60 million for the quarter, compared to analyst estimates of $74.30 million. Inspired Entertainment had a negative return on equity of 6.47% and a negative net margin of 0.09%. During the same quarter last year, the business posted $0.14 earnings per share. Analysts predict that Inspired Entertainment, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Macquarie cut their price target on shares of Inspired Entertainment from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th.

Inspired Entertainment 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.