12,519 Shares in Inspired Entertainment, Inc. (NASDAQ:INSE) Acquired by Clarus Group Inc.

Clarus Group Inc. bought a new stake in Inspired Entertainment, Inc. (NASDAQ:INSE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,519 shares of the company’s stock, valued at approximately $116,000.

Other hedge funds also recently bought and sold shares of the company. Private Management Group Inc. increased its position in shares of Inspired Entertainment by 245.5% in the 2nd quarter. Private Management Group Inc. now owns 1,205,281 shares of the company’s stock valued at $11,028,000 after buying an additional 856,386 shares in the last quarter. Foundry Partners LLC increased its holdings in shares of Inspired Entertainment by 26.2% in the second quarter. Foundry Partners LLC now owns 469,465 shares of the company’s stock worth $4,296,000 after acquiring an additional 97,320 shares in the last quarter. Hood River Capital Management LLC raised its position in shares of Inspired Entertainment by 79.0% during the first quarter. Hood River Capital Management LLC now owns 198,408 shares of the company’s stock worth $1,956,000 after purchasing an additional 87,569 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of Inspired Entertainment by 51.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 199,700 shares of the company’s stock valued at $1,969,000 after purchasing an additional 67,800 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Inspired Entertainment by 104.0% in the 2nd quarter. Renaissance Technologies LLC now owns 71,600 shares of the company’s stock valued at $655,000 after purchasing an additional 36,500 shares during the period. 77.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on INSE shares. Craig Hallum upgraded shares of Inspired Entertainment to a “strong-buy” rating in a report on Thursday. Macquarie dropped their price objective on shares of Inspired Entertainment from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, August 9th.

Inspired Entertainment Stock Performance

Inspired Entertainment stock traded down $0.01 during midday trading on Monday, reaching $9.41. The stock had a trading volume of 13,341 shares, compared to its average volume of 107,922. The stock has a market capitalization of $250.03 million, a P/E ratio of 157.00 and a beta of 1.40. The firm’s fifty day simple moving average is $9.02 and its 200-day simple moving average is $9.01. Inspired Entertainment, Inc. has a 1-year low of $6.12 and a 1-year high of $11.01.

Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). Inspired Entertainment had a negative return on equity of 6.47% and a negative net margin of 0.09%. The business had revenue of $75.60 million during the quarter, compared to the consensus estimate of $74.30 million. During the same period in the prior year, the firm earned $0.14 EPS. On average, sell-side analysts anticipate that Inspired Entertainment, Inc. will post 0.53 earnings per share for the current fiscal year.

Inspired Entertainment 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.