Inspired Entertainment Inc (INSE) Major Shareholder Hg Vora Capital Management, Ll Acquires 1,243,500 Shares

Inspired Entertainment Inc (NASDAQ:INSE) major shareholder Hg Vora Capital Management, Ll purchased 1,243,500 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were acquired at an average cost of $5.15 per share, with a total value of $6,404,025.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of Inspired Entertainment Inc (NASDAQ:INSE) traded up $0.30 during midday trading on Monday, reaching $5.75. 19,143 shares of the company were exchanged, compared to its average volume of 146,977. Inspired Entertainment Inc has a fifty-two week low of $5.35 and a fifty-two week high of $14.00. The company has a market capitalization of $117.06, a P/E ratio of -3.89 and a beta of -5.83. The company has a debt-to-equity ratio of -10.92, a current ratio of 0.67 and a quick ratio of 0.61.

Inspired Entertainment (NASDAQ:INSE) last announced its earnings results on Friday, February 2nd. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). Inspired Entertainment had a negative return on equity of 7,330.75% and a negative net margin of 24.34%. The firm had revenue of $31.39 million for the quarter. analysts anticipate that Inspired Entertainment Inc will post -0.77 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in INSE. Vanguard Group Inc. raised its stake in Inspired Entertainment by 25.7% during the second quarter. Vanguard Group Inc. now owns 231,476 shares of the company’s stock worth $3,010,000 after buying an additional 47,276 shares during the last quarter. State Street Corp bought a new position in Inspired Entertainment during the second quarter worth $404,000. Northern Trust Corp bought a new position in Inspired Entertainment during the second quarter worth $311,000. Bank of New York Mellon Corp bought a new position in Inspired Entertainment during the third quarter worth $206,000. Finally, BlackRock Inc. raised its stake in Inspired Entertainment by 6.9% during the fourth 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. 19.64% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine downgraded shares of Inspired Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday.

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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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