DG Capital Management LLC Lowers Position in Inspired Entertainment, Inc. $INSE

Key Points

• DG Capital Management LLC has reduced its stake in Inspired Entertainment, Inc. by 47.9%, selling 607,075 shares, leaving it with 659,883 shares.
• Analysts' ratings on INSE show mixed sentiments with ratings ranging from 'Strong Buy' to 'Hold', and an average price target of $14.00.
• Inspired Entertainment reported a net loss per share of ($0.19) in its latest earnings, significantly missing analysts’ expectations while achieving revenues of $80.30 million.

DG Capital Management LLC reduced its stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) by 47.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 659,883 shares of the company's stock after selling 607,075 shares during the period. Inspired Entertainment comprises approximately 2.0% of DG Capital Management LLC's portfolio, making the stock its 12th biggest position. DG Capital Management LLC owned about 2.45% of Inspired Entertainment worth $5,635,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INSE. National Bank of Canada FI bought a new position in shares of Inspired Entertainment in the first quarter valued at approximately $31,000. GAMMA Investing LLC grew its holdings in shares of Inspired Entertainment by 673.7% in the first quarter. GAMMA Investing LLC now owns 5,671 shares of the company's stock valued at $480,000 after acquiring an additional 4,938 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Inspired Entertainment by 51.0% in the fourth quarter. Wells Fargo & Company MN now owns 10,350 shares of the company's stock valued at $94,000 after acquiring an additional 3,494 shares in the last quarter. Oxford Asset Management LLP bought a new position in shares of Inspired Entertainment in the fourth quarter valued at approximately $96,000. Finally, Aptus Capital Advisors LLC bought a new position in shares of Inspired Entertainment in the fourth quarter valued at approximately $127,000. 77.38% of the stock is owned by institutional investors.

Inspired Entertainment Price Performance

Shares of NASDAQ:INSE traded down $0.35 during trading on Friday, hitting $9.38. 32,452 shares of the company were exchanged, compared to its average volume of 149,750. The company has a market cap of $252.51 million, a PE ratio of 4.30 and a beta of 1.62. The stock has a 50 day moving average of $8.70 and a 200 day moving average of $8.54. Inspired Entertainment, Inc. has a 52-week low of $6.51 and a 52-week high of $11.61.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.17). The company had revenue of $80.30 million for the quarter, compared to analysts' expectations of $75.23 million. Inspired Entertainment had a negative return on equity of 281.67% and a net margin of 21.05%. Sell-side analysts forecast that Inspired Entertainment, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INSE has been the subject of several recent analyst reports. JMP Securities reduced their target price on Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating for the company in a report on Friday, May 9th. Macquarie reaffirmed a "neutral" rating and issued a $10.00 target price on shares of Inspired Entertainment in a report on Thursday, August 7th. Wall Street Zen lowered Inspired Entertainment from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Finally, BWS Financial reissued a "buy" rating and set a $20.00 price objective on shares of Inspired Entertainment in a report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Inspired Entertainment presently has an average rating of "Buy" and an average target price of $14.00.

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.