Clear Harbor Asset Management LLC Sells 2,350 Shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

Clear Harbor Asset Management LLC lowered its holdings in Inspired Entertainment, Inc. (NASDAQ:INSE) by 19.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,000 shares of the company’s stock after selling 2,350 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Inspired Entertainment were worth $90,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in INSE. GSA Capital Partners LLP purchased a new stake in Inspired Entertainment in the third quarter worth $106,000. Clarus Group Inc. purchased a new position in Inspired Entertainment during the 3rd quarter valued at $116,000. Bfsg LLC raised its holdings in Inspired Entertainment by 39.0% in the 3rd quarter. Bfsg LLC now owns 13,725 shares of the company’s stock worth $127,000 after purchasing an additional 3,850 shares in the last quarter. SkyView Investment Advisors LLC lifted its position in shares of Inspired Entertainment by 4.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 27,674 shares of the company’s stock worth $257,000 after purchasing an additional 1,174 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Inspired Entertainment by 232.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 28,317 shares of the company’s stock valued at $262,000 after purchasing an additional 19,794 shares in the last quarter. 77.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JMP Securities restated a “market outperform” rating and issued a $14.00 price objective on shares of Inspired Entertainment in a report on Thursday, January 16th. Craig Hallum upgraded Inspired Entertainment to a “strong-buy” rating in a research report on Thursday, October 17th.

Inspired Entertainment Price Performance

NASDAQ:INSE opened at $9.50 on Thursday. The firm has a market capitalization of $252.51 million, a P/E ratio of -949.05 and a beta of 1.40. Inspired Entertainment, Inc. has a one year low of $7.51 and a one year high of $11.00. The company’s 50-day simple moving average is $9.30 and its 200 day simple moving average is $9.16.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.10). Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. The company had revenue of $78.00 million during the quarter, compared to the consensus estimate of $80.30 million. During the same period in the prior year, the firm earned $0.12 earnings per share. On average, equities research analysts expect that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current fiscal year.

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.