Penn Capital Management Company LLC Purchases Shares of 44,733 Inspired Entertainment, Inc. $INSE

Key Points

• Penn Capital Management Company LLC acquired 44,733 shares of Inspired Entertainment, Inc. valued at approximately $382,000, marking a new stake during the 1st quarter.
• The company's latest earnings report showed a net revenue of $80.30 million, despite a miss in earnings per share expectations, reporting ($0.19) against a consensus of ($0.02).
• Analysts have mixed sentiments on the stock, with a consensus rating of "Buy" and a target price of $14.00, although some have lowered their individual price targets recently.

Penn Capital Management Company LLC purchased a new stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 44,733 shares of the company's stock, valued at approximately $382,000. Penn Capital Management Company LLC owned about 0.17% of Inspired Entertainment as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of INSE. Kanen Wealth Management LLC lifted its position in shares of Inspired Entertainment by 50.9% during the first quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company's stock valued at $18,929,000 after buying an additional 676,988 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Inspired Entertainment by 173.6% during the first quarter. Brown Advisory Inc. now owns 470,798 shares of the company's stock valued at $4,021,000 after buying an additional 298,726 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Inspired Entertainment during the first quarter valued at about $643,000. AMH Equity Ltd purchased a new stake in shares of Inspired Entertainment during the first quarter valued at about $632,000. Finally, Renaissance Technologies LLC lifted its position in shares of Inspired Entertainment by 193.2% during the fourth quarter. Renaissance Technologies LLC now owns 95,000 shares of the company's stock valued at $860,000 after buying an additional 62,600 shares during the last quarter. 77.38% of the stock is owned by hedge funds and other institutional investors.

Inspired Entertainment Trading Up 2.5%

Shares of NASDAQ:INSE opened at $8.67 on Friday. Inspired Entertainment, Inc. has a twelve month low of $6.51 and a twelve month high of $11.61. The company's 50 day moving average is $8.58 and its 200 day moving average is $8.56. The company has a market cap of $233.40 million, a PE ratio of 3.98 and a beta of 1.62.

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

Analysts Set New Price Targets

Several equities analysts recently commented on INSE shares. JMP Securities decreased their price objective on shares of Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating for the company in a research report on Friday, May 9th. Wall Street Zen lowered shares of Inspired Entertainment from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Macquarie reaffirmed a "neutral" rating and issued a $10.00 price objective on shares of Inspired Entertainment in a research report on Thursday, August 7th. Finally, BWS Financial reaffirmed a "buy" rating and issued a $20.00 price objective on shares of Inspired Entertainment in a research report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $14.00.

About Inspired Entertainment

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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