Foundry Partners LLC Increases Stock Position in Inspired Entertainment, Inc. (NASDAQ:INSE)

Foundry Partners LLC grew its holdings in Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 583,775 shares of the company's stock after purchasing an additional 54,395 shares during the quarter. Foundry Partners LLC owned approximately 2.20% of Inspired Entertainment worth $5,283,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of Inspired Entertainment by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 521,451 shares of the company's stock valued at $4,835,000 after buying an additional 4,233 shares in the last quarter. State Street Corp boosted its stake in Inspired Entertainment by 0.7% in the third quarter. State Street Corp now owns 405,625 shares of the company's stock valued at $3,760,000 after acquiring an additional 2,675 shares in the last quarter. Barclays PLC grew its holdings in Inspired Entertainment by 314.1% in the third quarter. Barclays PLC now owns 31,321 shares of the company's stock worth $291,000 after purchasing an additional 23,757 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Inspired Entertainment by 203.1% during the 4th quarter. JPMorgan Chase & Co. now owns 29,742 shares of the company's stock valued at $269,000 after purchasing an additional 19,928 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Inspired Entertainment by 232.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 28,317 shares of the company's stock valued at $262,000 after purchasing an additional 19,794 shares during the last quarter. Hedge funds and other institutional investors own 77.38% of the company's stock.

Inspired Entertainment Trading Down 6.7 %

Shares of Inspired Entertainment stock traded down $0.51 during trading on Thursday, reaching $7.19. The company's stock had a trading volume of 44,413 shares, compared to its average volume of 119,178. The firm has a market cap of $193.34 million, a PE ratio of -715.28 and a beta of 1.27. The company has a 50-day moving average price of $9.40 and a two-hundred day moving average price of $9.40. Inspired Entertainment, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $11.61.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last posted its quarterly earnings results on Monday, March 17th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.13). The firm had revenue of $83.00 million for the quarter, compared to analysts' expectations of $79.19 million. Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. On average, analysts predict that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on INSE shares. New Street Research set a $21.00 price objective on shares of Inspired Entertainment in a report on Friday, March 14th. JMP Securities reiterated a "market outperform" rating and set a $14.00 price target on shares of Inspired Entertainment in a research report on Friday, March 14th. B. Riley initiated coverage on shares of Inspired Entertainment in a research note on Tuesday. They set a "buy" rating and a $13.00 target price on the stock. Finally, Truist Financial set a $19.00 price target on shares of Inspired Entertainment in a research note on Friday, March 14th.

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.