Hood River Capital Management LLC Acquires 87,569 Shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

Hood River Capital Management LLC boosted its holdings in Inspired Entertainment, Inc. (NASDAQ:INSE) by 79.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 198,408 shares of the company’s stock after acquiring an additional 87,569 shares during the quarter. Hood River Capital Management LLC owned 0.75% of Inspired Entertainment worth $1,956,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Cannell Capital LLC lifted its holdings in shares of Inspired Entertainment by 11.0% in the fourth quarter. Cannell Capital LLC now owns 1,564,923 shares of the company’s stock valued at $15,461,000 after purchasing an additional 155,251 shares in the last quarter. Foundry Partners LLC lifted its stake in Inspired Entertainment by 9.5% during the 1st quarter. Foundry Partners LLC now owns 372,145 shares of the company’s stock valued at $3,669,000 after acquiring an additional 32,380 shares in the last quarter. Private Management Group Inc. boosted its holdings in Inspired Entertainment by 94.6% during the 1st quarter. Private Management Group Inc. now owns 348,895 shares of the company’s stock worth $3,440,000 after acquiring an additional 169,575 shares during the last quarter. Teton Advisors Inc. grew its stake in shares of Inspired Entertainment by 0.8% in the 1st quarter. Teton Advisors Inc. now owns 247,221 shares of the company’s stock worth $2,438,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Inspired Entertainment by 51.4% in the first 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 during the last quarter. Institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Stock Up 5.8 %

INSE traded up $0.50 during trading on Friday, hitting $9.13. 83,118 shares of the company traded hands, compared to its average volume of 146,292. Inspired Entertainment, Inc. has a one year low of $6.12 and a one year high of $13.60. The stock’s fifty day moving average is $9.09 and its 200 day moving average is $9.18. The firm has a market cap of $242.58 million, a P/E ratio of 152.19 and a beta of 1.42.

Inspired Entertainment (NASDAQ:INSE) last released its earnings results on Friday, May 10th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). The company had revenue of $63.10 million for the quarter, compared to the consensus estimate of $63.65 million. Inspired Entertainment had a net margin of 0.56% and a negative return on equity of 9.10%. On average, equities research analysts forecast that Inspired Entertainment, Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on INSE shares. B. Riley assumed coverage on shares of Inspired Entertainment in a research report on Friday, April 5th. They issued a “buy” rating and a $21.00 price objective for the company. JMP Securities reduced their target price on Inspired Entertainment from $15.00 to $14.00 and set a “market outperform” rating for the company in a report on Monday, May 13th.

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.