Hood River Capital Management LLC Sells 19,443 Shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

Hood River Capital Management LLC cut its position in Inspired Entertainment, Inc. (NASDAQ:INSE) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 178,965 shares of the company’s stock after selling 19,443 shares during the quarter. Hood River Capital Management LLC owned 0.67% of Inspired Entertainment worth $1,638,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. EntryPoint Capital LLC bought a new position in Inspired Entertainment in the first quarter valued at about $26,000. Bfsg LLC raised its position in Inspired Entertainment by 61.9% in the second quarter. Bfsg LLC now owns 9,875 shares of the company’s stock valued at $90,000 after purchasing an additional 3,775 shares during the last quarter. Platform Technology Partners acquired a new stake in shares of Inspired Entertainment in the fourth quarter valued at about $117,000. BNP Paribas Financial Markets increased its stake in shares of Inspired Entertainment by 102.1% in the first quarter. BNP Paribas Financial Markets now owns 35,108 shares of the company’s stock valued at $346,000 after buying an additional 17,733 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Inspired Entertainment by 2.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,917 shares of the company’s stock valued at $512,000 after buying an additional 1,275 shares during the period. 77.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Macquarie decreased their price target on Inspired Entertainment from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, August 9th.

Inspired Entertainment Stock Down 3.4 %

INSE stock opened at $9.75 on Tuesday. Inspired Entertainment, Inc. has a twelve month low of $6.12 and a twelve month high of $12.15. The stock’s 50 day moving average is $8.79 and its 200-day moving average is $9.02. The firm has a market capitalization of $259.07 million, a PE ratio of 162.50 and a beta of 1.40.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The business had revenue of $75.60 million for the quarter, compared to the consensus estimate of $74.30 million. Inspired Entertainment had a negative return on equity of 6.47% and a negative net margin of 0.09%. During the same quarter last year, the business posted $0.14 earnings per share. On average, equities research analysts anticipate that Inspired Entertainment, Inc. will post 0.55 earnings per share for the current fiscal year.

Inspired Entertainment 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.