Platform Technology Partners Invests $117,000 in Inspired Entertainment, Inc. (NASDAQ:INSE)

Platform Technology Partners bought a new position in Inspired Entertainment, Inc. (NASDAQ:INSEFree Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,000 shares of the company’s stock, valued at approximately $117,000.

Several other large investors have also recently made changes to their positions in the company. Gabelli Funds LLC increased its holdings in shares of Inspired Entertainment by 3.8% in the fourth quarter. Gabelli Funds LLC now owns 93,400 shares of the company’s stock worth $923,000 after purchasing an additional 3,400 shares during the last quarter. Private Management Group Inc. purchased a new position in Inspired Entertainment in the fourth quarter worth about $1,772,000. Mirae Asset Global Investments Co. Ltd. grew its position in Inspired Entertainment by 2.9% in the fourth 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 in the last quarter. Clear Harbor Asset Management LLC grew its position in Inspired Entertainment by 4.6% in the fourth quarter. Clear Harbor Asset Management LLC now owns 34,125 shares of the company’s stock worth $337,000 after acquiring an additional 1,500 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Inspired Entertainment in the fourth quarter worth about $158,000. 77.38% of the stock is owned by institutional investors.

Inspired Entertainment Price Performance

Shares of NASDAQ:INSE traded down $0.10 during trading hours on Friday, hitting $9.15. 49,891 shares of the company’s stock traded hands, compared to its average volume of 127,578. Inspired Entertainment, Inc. has a 1 year low of $6.12 and a 1 year high of $16.01. The business has a fifty day moving average price of $9.08 and a 200-day moving average price of $9.10. The firm has a market capitalization of $243.12 million, a P/E ratio of 152.53 and a beta of 1.44.

Inspired Entertainment (NASDAQ:INSEGet Free Report) last announced 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 for the quarter, compared to analysts’ expectations of $63.65 million. As a group, equities analysts predict that Inspired Entertainment, Inc. will post 0.59 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on INSE

Inspired Entertainment Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Inspired Entertainment (NASDAQ:INSE)

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