Teton Advisors Inc. Cuts Stake in Inspired Entertainment, Inc. (NASDAQ:INSE)

Teton Advisors Inc. cut its holdings in Inspired Entertainment, Inc. (NASDAQ:INSE) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 245,221 shares of the company’s stock after selling 10,000 shares during the quarter. Teton Advisors Inc. owned approximately 0.93% of Inspired Entertainment worth $2,423,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Inspired Entertainment in the 4th quarter worth approximately $158,000. Clear Harbor Asset Management LLC boosted its position in Inspired Entertainment by 4.6% during the 4th quarter. Clear Harbor Asset Management LLC now owns 34,125 shares of the company’s stock valued at $337,000 after acquiring an additional 1,500 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Inspired Entertainment by 2.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,642 shares of the company’s stock valued at $500,000 after acquiring an additional 1,433 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Inspired Entertainment by 58.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 64,900 shares of the company’s stock worth $776,000 after acquiring an additional 24,000 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in shares of Inspired Entertainment by 1.1% during the 3rd quarter. Gabelli Funds LLC now owns 90,000 shares of the company’s stock worth $1,076,000 after purchasing an additional 1,000 shares during the last quarter. 77.38% of the stock is owned by hedge funds and other institutional investors.

Inspired Entertainment Price Performance

NASDAQ INSE traded down $0.02 during trading on Monday, hitting $8.79. The company’s stock had a trading volume of 105,632 shares, compared to its average volume of 116,903. Inspired Entertainment, Inc. has a fifty-two week low of $6.12 and a fifty-two week high of $16.01. The company has a market cap of $233.46 million, a PE ratio of 35.16 and a beta of 1.42. The business’s 50 day simple moving average is $9.39 and its 200-day simple moving average is $9.25.

Inspired Entertainment (NASDAQ:INSE) last released its earnings results on Tuesday, February 27th. The company reported $0.12 earnings per share for the quarter. Inspired Entertainment had a net margin of 2.25% and a negative return on equity of 13.11%. The company had revenue of $97.50 million for the quarter. Analysts expect that Inspired Entertainment, Inc. will post 0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on INSE. JMP Securities reiterated a “market outperform” rating and issued a $15.00 target price on shares of Inspired Entertainment in a report on Tuesday, April 16th. Macquarie lowered shares of Inspired Entertainment from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $16.00 to $10.00 in a research note on Wednesday, January 17th. Finally, B. Riley initiated coverage on shares of Inspired Entertainment in a research note on Friday, April 5th. They issued a “buy” rating and a $21.00 target price for the company. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.25.

About Inspired Entertainment

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.