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

Private Management Group Inc. acquired a new stake in Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 179,320 shares of the company's stock, valued at approximately $1,772,000. Private Management Group Inc. owned about 0.68% of Inspired Entertainment as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cannell Capital LLC boosted its holdings in Inspired Entertainment by 28.8% in the 3rd quarter. Cannell Capital LLC now owns 1,409,672 shares of the company's stock worth $16,860,000 after buying an additional 315,530 shares during the period. Potomac Capital Management Inc. boosted its holdings in Inspired Entertainment by 2.6% in the 3rd quarter. Potomac Capital Management Inc. now owns 426,905 shares of the company's stock worth $5,106,000 after buying an additional 10,822 shares during the period. Foundry Partners LLC boosted its holdings in Inspired Entertainment by 22.7% in the 3rd quarter. Foundry Partners LLC now owns 345,855 shares of the company's stock worth $4,136,000 after buying an additional 63,895 shares during the period. Jacob Asset Management of New York LLC boosted its holdings in Inspired Entertainment by 13.1% in the 3rd quarter. Jacob Asset Management of New York LLC now owns 317,696 shares of the company's stock worth $3,800,000 after buying an additional 36,900 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in Inspired Entertainment by 4.9% in the 3rd quarter. Los Angeles Capital Management LLC now owns 158,288 shares of the company's stock worth $1,893,000 after buying an additional 7,374 shares during the period. Hedge funds and other institutional investors own 77.38% of the company's stock.

Inspired Entertainment Stock Performance

NASDAQ INSE traded down $0.01 on Wednesday, hitting $8.87. The stock had a trading volume of 126,612 shares, compared to its average volume of 118,269. Inspired Entertainment, Inc. has a 52-week low of $6.12 and a 52-week high of $16.01. The company has a market capitalization of $235.61 million, a price-to-earnings ratio of 35.48 and a beta of 1.42. The firm has a 50-day moving average of $9.44 and a 200-day moving average of $9.33.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $97.50 million for the quarter. Inspired Entertainment had a net margin of 2.25% and a negative return on equity of 13.11%. As a group, research analysts anticipate that Inspired Entertainment, Inc. will post 0.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Macquarie downgraded shares of Inspired Entertainment from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $16.00 to $10.00 in a report on Wednesday, January 17th. JMP Securities reiterated a "market outperform" rating and issued a $15.00 target price on shares of Inspired Entertainment in a research note on Tuesday, April 16th. Finally, B. Riley initiated coverage on shares of Inspired Entertainment in a research note on Friday, April 5th. They issued 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 given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.25.

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.