683 Capital Management LLC Has $11.15 Million Stock Position in Inspired Entertainment, Inc. $INSE

683 Capital Management LLC lowered its position in Inspired Entertainment, Inc. (NASDAQ:INSE) by 12.7% in the second quarter, Holdings Channel.com reports. The fund owned 1,365,000 shares of the company’s stock after selling 198,552 shares during the period. Inspired Entertainment makes up 0.7% of 683 Capital Management LLC’s investment portfolio, making the stock its 25th largest holding. 683 Capital Management LLC owned 0.05% of Inspired Entertainment worth $11,152,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Simon Quick Advisors LLC increased its position in shares of Inspired Entertainment by 4.6% during the second quarter. Simon Quick Advisors LLC now owns 26,269 shares of the company’s stock valued at $215,000 after purchasing an additional 1,152 shares during the period. MetLife Investment Management LLC lifted its position in Inspired Entertainment by 28.7% in the first quarter. MetLife Investment Management LLC now owns 12,341 shares of the company’s stock worth $105,000 after purchasing an additional 2,751 shares during the period. Gamco Investors INC. ET AL boosted its stake in Inspired Entertainment by 1.0% during the first quarter. Gamco Investors INC. ET AL now owns 289,900 shares of the company’s stock worth $2,476,000 after buying an additional 3,000 shares in the last quarter. National Bank of Canada FI acquired a new stake in Inspired Entertainment during the first quarter worth $31,000. Finally, Rhumbline Advisers increased its holdings in Inspired Entertainment by 11.8% in the 2nd quarter. Rhumbline Advisers now owns 35,915 shares of the company’s stock valued at $293,000 after buying an additional 3,794 shares during the period. Institutional investors and hedge funds own 77.38% of the company’s stock.

Insiders Place Their Bets

In other Inspired Entertainment news, CEO Brooks H. Pierce bought 10,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were bought at an average price of $7.04 per share, for a total transaction of $70,400.00. Following the completion of the acquisition, the chief executive officer owned 12,000 shares of the company’s stock, valued at approximately $84,480. This trade represents a 500.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman A Lorne Weil bought 50,000 shares of the stock in a transaction dated Wednesday, November 26th. The stock was acquired at an average price of $8.11 per share, with a total value of $405,500.00. Following the completion of the purchase, the chairman owned 572,771 shares of the company’s stock, valued at $4,645,172.81. This represents a 9.56% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 13.10% of the company’s stock.

Inspired Entertainment Stock Down 2.0%

NASDAQ:INSE opened at $9.00 on Friday. The firm has a market cap of $242.37 million, a PE ratio of 4.52 and a beta of 1.28. Inspired Entertainment, Inc. has a 12 month low of $6.51 and a 12 month high of $11.61. The company’s 50-day moving average price is $8.17 and its two-hundred day moving average price is $8.52.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings data on Tuesday, November 29th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $77.60 million during the quarter. Inspired Entertainment had a net margin of 18.78% and a negative return on equity of 1,176.67%. On average, research analysts expect that Inspired Entertainment, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Inspired Entertainment in a report on Monday. BWS Financial restated a “buy” rating and set a $20.00 price target on shares of Inspired Entertainment in a research note on Monday, November 17th. Finally, Zacks Research upgraded Inspired Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

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.