Inspired Entertainment, Inc. $INSE Stock: Prescott Group Capital Management L.L.C. Grows Stake

Prescott Group Capital Management L.L.C. lifted its position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 60.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 574,750 shares of the company’s stock after acquiring an additional 216,558 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Inspired Entertainment were worth $1,977,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Inspired Entertainment by 6.9% in the first quarter. Bank of America Corp DE now owns 25,577 shares of the company’s stock worth $182,000 after purchasing an additional 1,660 shares during the period. Private Management Group Inc. lifted its position in Inspired Entertainment by 0.8% during the 2nd quarter. Private Management Group Inc. now owns 1,282,590 shares of the company’s stock valued at $10,581,000 after purchasing an additional 9,711 shares during the period. Quantinno Capital Management LP lifted its position in Inspired Entertainment by 30.5% during the 1st quarter. Quantinno Capital Management LP now owns 42,145 shares of the company’s stock valued at $300,000 after purchasing an additional 9,858 shares during the period. Focused Alpha LLC bought a new position in shares of Inspired Entertainment in the 2nd quarter valued at about $112,000. Finally, Gabelli Funds LLC boosted its stake in shares of Inspired Entertainment by 9.6% in the 1st quarter. Gabelli Funds LLC now owns 205,000 shares of the company’s stock valued at $1,462,000 after purchasing an additional 18,000 shares during the last quarter. Institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Trading Down 0.3%

Shares of INSE opened at $3.78 on Wednesday. The stock has a market cap of $99.64 million, a P/E ratio of 29.15 and a beta of 1.16. Inspired Entertainment, Inc. has a 1 year low of $3.10 and a 1 year high of $9.95. The stock’s 50-day moving average price is $4.31 and its two-hundred day moving average price is $6.68.

Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $60.80 million during the quarter, compared to analysts’ expectations of $64.04 million. Inspired Entertainment had a negative return on equity of 30.08% and a negative net margin of 3.34%. As a group, equities analysts forecast that Inspired Entertainment, Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on INSE. Citigroup reiterated a “market outperform” rating on shares of Inspired Entertainment in a research report on Tuesday, October 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Inspired Entertainment in a research note on Friday, September 4th. Zacks Research lowered shares of Inspired Entertainment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Citizens Jmp dropped their target price on shares of Inspired Entertainment from $11.00 to $9.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 13th. Finally, Truist Financial cut their price target on Inspired Entertainment from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.44.

About Inspired Entertainment

Inspired Entertainment, Inc is a business-to-business gaming technology company that develops and supplies content, software, hardware and related services for regulated gaming, betting and leisure markets. Its customers include bookmakers, casinos, gaming operators, lotteries and other entertainment venues.

The company’s offerings include gaming terminals and server-based gaming systems, digital casino games, virtual sports and other simulated sporting events, as well as interactive gaming solutions for online and mobile platforms.