Inspired Entertainment Inc (NASDAQ:INSE) major shareholder Hg Vora Capital Management, Ll purchased 1,243,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average price of $5.15 per share, with a total value of $6,404,025.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Inspired Entertainment Inc (NASDAQ:INSE) opened at $5.75 on Tuesday. The firm has a market cap of $123.50, a price-to-earnings ratio of -3.78 and a beta of -0.65. The company has a debt-to-equity ratio of -10.92, a quick ratio of 0.61 and a current ratio of 0.67. Inspired Entertainment Inc has a 52 week low of $5.35 and a 52 week high of $14.00.
Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings data on Friday, February 2nd. The company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.01). The firm had revenue of $31.39 million for the quarter. Inspired Entertainment had a negative return on equity of 7,330.75% and a negative net margin of 24.34%. analysts forecast that Inspired Entertainment Inc will post -0.77 earnings per share for the current year.
Separately, ValuEngine cut shares of Inspired Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th.
A number of institutional investors have recently made changes to their positions in the business. Citigroup Inc. purchased a new position in Inspired Entertainment during the 2nd quarter worth $118,000. BlackRock Inc. raised its position in Inspired Entertainment by 6.9% during the 4th quarter. BlackRock Inc. now owns 175,515 shares of the company’s stock worth $1,720,000 after buying an additional 11,339 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Inspired Entertainment during the 3rd quarter worth $206,000. Northern Trust Corp purchased a new position in Inspired Entertainment during the 2nd quarter worth $311,000. Finally, State Street Corp purchased a new position in Inspired Entertainment during the 2nd quarter worth $404,000. Institutional investors own 19.64% of the company’s stock.
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Inspired Entertainment Company Profile
Inspired Entertainment, Inc, formerly Hydra Industries Acquisition Corp., is a global games technology company. The Company is engaged in developing and operating digital games and networks. The Company is engaged in supplying Virtual Sports, Mobile Gaming and Server-Based Gaming (SBG) systems with associated terminals and digital content to regulated betting, gaming and lottery operators around the world.
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