Vitruvian Partners Llp Sells 500,000 Shares of Inspired Entertainment Inc (INSE) Stock

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Inspired Entertainment Inc (NASDAQ:INSE) major shareholder Vitruvian Partners Llp sold 500,000 shares of the stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $6.70, for a total transaction of $3,350,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

INSE opened at $6.87 on Thursday. Inspired Entertainment Inc has a 1-year low of $3.86 and a 1-year high of $8.15. The company has a market capitalization of $148.74 million, a price-to-earnings ratio of -11.08 and a beta of 1.13.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings results on Monday, February 11th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.10). The company had revenue of $30.73 million for the quarter, compared to analysts’ expectations of $33.46 million. Equities analysts predict that Inspired Entertainment Inc will post -0.69 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in Inspired Entertainment by 2,562.8% during the second quarter. Bank of America Corp DE now owns 19,279 shares of the company’s stock worth $121,000 after acquiring an additional 18,555 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Inspired Entertainment in the 2nd quarter worth approximately $238,000. Royce & Associates LP purchased a new position in Inspired Entertainment during the 4th quarter valued at $240,000. Gabelli Funds LLC grew its position in shares of Inspired Entertainment by 15.4% in the 4th quarter. Gabelli Funds LLC now owns 69,233 shares of the company’s stock worth $332,000 after buying an additional 9,233 shares during the period. Finally, Teton Advisors Inc. lifted its stake in Inspired Entertainment by 10.7% during the 4th quarter. Teton Advisors Inc. now owns 292,878 shares of the company’s stock valued at $1,406,000 after acquiring an additional 28,238 shares during the period. Institutional investors and hedge funds own 47.31% of the company’s stock.

Several equities analysts have recently commented on INSE shares. ValuEngine lowered Inspired Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research lowered Inspired Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Roth Capital began coverage on Inspired Entertainment in a report on Thursday, December 20th. They issued a “buy” rating and a $10.00 price objective on the stock.

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Inspired Entertainment Company Profile

Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies virtual sports and server based gaming worldwide. It designs, develops, markets, and distributes a portfolio of games through its digital network architecture to betting offices, casinos, gaming hall and bingo operators, and regulated operators of lotteries, as well as government affiliated and licensed operators.

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