Foundry Partners LLC Sells 6,090 Shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

Foundry Partners LLC lessened its stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 1.8% during the 4th quarter, HoldingsChannel reports. The firm owned 339,765 shares of the company’s stock after selling 6,090 shares during the quarter. Foundry Partners LLC’s holdings in Inspired Entertainment were worth $3,357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INSE. Jacob Asset Management of New York LLC grew its holdings in Inspired Entertainment by 13.1% during the third quarter. Jacob Asset Management of New York LLC now owns 317,696 shares of the company’s stock valued at $3,800,000 after purchasing an additional 36,900 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in Inspired Entertainment by 4.9% during the third quarter. Los Angeles Capital Management LLC now owns 158,288 shares of the company’s stock valued at $1,893,000 after purchasing an additional 7,374 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Inspired Entertainment by 58.7% during the third quarter. Gamco Investors INC. ET AL now owns 64,900 shares of the company’s stock valued at $776,000 after purchasing an additional 24,000 shares during the last quarter. Gabelli Funds LLC grew its holdings in Inspired Entertainment by 1.1% during the third quarter. Gabelli Funds LLC now owns 90,000 shares of the company’s stock valued at $1,076,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Potomac Capital Management Inc. grew its holdings in Inspired Entertainment by 2.6% during the third quarter. Potomac Capital Management Inc. now owns 426,905 shares of the company’s stock valued at $5,106,000 after purchasing an additional 10,822 shares during the last quarter. Institutional investors and hedge funds own 77.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on INSE. JMP Securities reiterated a “market outperform” rating and set a $15.00 price target on shares of Inspired Entertainment in a report on Tuesday, April 16th. Macquarie downgraded shares of Inspired Entertainment from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $16.00 to $10.00 in a research note on Wednesday, January 17th. Finally, B. Riley started coverage on shares of Inspired Entertainment in a research note on Friday, April 5th. They issued a “buy” rating and a $21.00 price objective on the stock. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Inspired Entertainment currently has a consensus rating of “Moderate Buy” and an average target price of $16.25.

Inspired Entertainment Trading Up 0.2 %

Shares of Inspired Entertainment stock opened at $8.91 on Tuesday. The company’s fifty day simple moving average is $9.45 and its 200-day simple moving average is $9.35. The company has a market cap of $236.65 million, a price-to-earnings ratio of 35.64 and a beta of 1.42. Inspired Entertainment, Inc. has a 1 year low of $6.12 and a 1 year high of $16.01.

Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $97.50 million for the quarter. Inspired Entertainment had a net margin of 2.25% and a negative return on equity of 13.11%. As a group, research analysts forecast that Inspired Entertainment, Inc. will post 0.76 earnings per share for the current fiscal year.

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.