Private Management Group Inc. Acquires New Shares in Inspired Entertainment, Inc. (NASDAQ:INSE)

Private Management Group Inc. acquired a new stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 179,320 shares of the company’s stock, valued at approximately $1,772,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Inspired Entertainment by 2.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,642 shares of the company’s stock worth $500,000 after acquiring an additional 1,433 shares during the period. Clear Harbor Asset Management LLC lifted its holdings in shares of Inspired Entertainment by 4.6% in the fourth quarter. Clear Harbor Asset Management LLC now owns 34,125 shares of the company’s stock valued at $337,000 after buying an additional 1,500 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Inspired Entertainment in the fourth quarter valued at $158,000. Hudson Bay Capital Management LP lifted its holdings in shares of Inspired Entertainment by 5.0% in the third quarter. Hudson Bay Capital Management LP now owns 157,469 shares of the company’s stock valued at $1,883,000 after buying an additional 7,469 shares during the period. Finally, Cannell Capital LLC lifted its holdings in shares of Inspired Entertainment by 28.8% in the third quarter. Cannell Capital LLC now owns 1,409,672 shares of the company’s stock valued at $16,860,000 after buying an additional 315,530 shares during the period. Institutional investors and hedge funds own 77.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on INSE. Macquarie lowered Inspired Entertainment from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $16.00 to $10.00 in a research report on Wednesday, January 17th. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 target price on shares of Inspired Entertainment in a research report on Tuesday, April 16th. Finally, B. Riley began coverage on Inspired Entertainment in a research report on Friday, April 5th. They set a “buy” rating and a $21.00 target price on the stock. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Inspired Entertainment has an average rating of “Moderate Buy” and a consensus target price of $16.25.

Inspired Entertainment Stock Performance

NASDAQ:INSE traded down $0.01 during trading hours on Wednesday, hitting $8.87. 126,609 shares of the company’s stock traded hands, compared to its average volume of 117,847. The stock’s fifty day moving average price is $9.44 and its two-hundred day moving average price is $9.33. Inspired Entertainment, Inc. has a twelve month low of $6.12 and a twelve month high of $16.01. The firm has a market cap of $235.59 million, a P/E ratio of 35.20 and a beta of 1.42.

Inspired Entertainment (NASDAQ:INSE) last issued its earnings results on Tuesday, February 27th. The company reported $0.12 EPS for the quarter. The firm had revenue of $97.50 million for the quarter. Inspired Entertainment had a negative return on equity of 13.11% and a net margin of 2.25%. On average, equities research analysts predict that Inspired Entertainment, Inc. will post 0.76 earnings per share for the current year.

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.