Samjo Management LLC Has $21.93 Million Stock Holdings in Inspired Entertainment, Inc. (NASDAQ:INSE)

Samjo Management LLC trimmed its position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,422,960 shares of the company’s stock after selling 175,962 shares during the period. Inspired Entertainment accounts for 8.3% of Samjo Management LLC’s portfolio, making the stock its 4th largest holding. Samjo Management LLC owned 9.12% of Inspired Entertainment worth $21,928,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its position in shares of Inspired Entertainment by 51.0% in the fourth quarter. Wells Fargo & Company MN now owns 10,350 shares of the company’s stock valued at $94,000 after acquiring an additional 3,494 shares in the last quarter. SG Americas Securities LLC purchased a new position in Inspired Entertainment in the 4th quarter worth approximately $97,000. Clarus Group Inc. boosted its stake in Inspired Entertainment by 12.0% in the 4th quarter. Clarus Group Inc. now owns 14,019 shares of the company’s stock worth $127,000 after purchasing an additional 1,500 shares during the period. LPL Financial LLC purchased a new stake in Inspired Entertainment during the 4th quarter valued at approximately $136,000. Finally, SkyView Investment Advisors LLC grew its holdings in Inspired Entertainment by 4.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 27,674 shares of the company’s stock valued at $257,000 after buying an additional 1,174 shares in the last quarter. Institutional investors own 77.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JMP Securities restated a “market outperform” rating and set a $14.00 target price on shares of Inspired Entertainment in a research report on Friday, March 14th. New Street Research set a $21.00 price objective on shares of Inspired Entertainment in a report on Friday, March 14th. Finally, Truist Financial set a $19.00 target price on Inspired Entertainment in a report on Friday, March 14th.

Inspired Entertainment Price Performance

Shares of INSE stock opened at $7.09 on Friday. The company has a market cap of $190.76 million, a PE ratio of -708.29 and a beta of 1.27. Inspired Entertainment, Inc. has a 1 year low of $6.70 and a 1 year high of $11.61. The stock’s 50 day simple moving average is $9.66 and its two-hundred day simple moving average is $9.50.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings results on Monday, March 17th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.13). The firm had revenue of $83.00 million for the quarter, compared to the consensus estimate of $79.19 million. Inspired Entertainment had a negative net margin of 0.10% and a negative return on equity of 6.35%. Equities research analysts expect that Inspired Entertainment, Inc. will post 0.3 EPS for the current 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.