CNH Partners LLC Maintains Position in Inspired Entertainment, Inc. (INSE)
CNH Partners LLC continued to hold its stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,976 shares of the company’s stock at the close of the second quarter. CNH Partners LLC owned approximately 0.28% of Inspired Entertainment worth $819,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of INSE. Citigroup Inc. bought a new position in shares of Inspired Entertainment in the second quarter worth approximately $118,000. Northern Trust Corp bought a new position in shares of Inspired Entertainment in the second quarter worth approximately $311,000. State Street Corp bought a new position in shares of Inspired Entertainment in the second quarter worth approximately $404,000. Finally, Vanguard Group Inc. lifted its stake in shares of Inspired Entertainment by 25.7% in the second quarter. Vanguard Group Inc. now owns 231,476 shares of the company’s stock worth $3,010,000 after buying an additional 47,276 shares in the last quarter. Hedge funds and other institutional investors own 32.16% of the company’s stock.
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Shares of Inspired Entertainment, Inc. (NASDAQ:INSE) traded up 2.73% on Monday, hitting $13.15. 994 shares of the stock traded hands. The stock’s 50 day moving average price is $12.33 and its 200 day moving average price is $11.43. Inspired Entertainment, Inc. has a 52-week low of $7.27 and a 52-week high of $14.00. The stock has a market cap of $294.43 million and a P/E ratio of 57.17.
Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings results on Monday, August 7th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.27). The firm had revenue of $32.31 million for the quarter. On average, equities analysts expect that Inspired Entertainment, Inc. will post ($2.11) EPS for the current fiscal year.
Inspired Entertainment Company Profile
Inspired Entertainment, Inc, formerly Hydra Industries Acquisition Corp., is a global games technology company. The Company is engaged in developing and operating digital games and networks. The Company is engaged in supplying Virtual Sports, Mobile Gaming and Server-Based Gaming (SBG) systems with associated terminals and digital content to regulated betting, gaming and lottery operators around the world.
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