Samjo Management LLC Trims Stock Holdings in Inspired Entertainment, Inc. (NASDAQ:INSE)

Samjo Management LLC reduced its stake in Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,422,960 shares of the company's stock after selling 175,962 shares during the quarter. Inspired Entertainment makes up approximately 8.3% of Samjo Management LLC's investment portfolio, making the stock its 4th largest position. Samjo Management LLC owned about 9.12% of Inspired Entertainment worth $21,928,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of INSE. Wells Fargo & Company MN boosted its holdings in Inspired Entertainment by 51.0% in the 4th quarter. Wells Fargo & Company MN now owns 10,350 shares of the company's stock valued at $94,000 after purchasing an additional 3,494 shares during the last quarter. Foundry Partners LLC increased its stake in shares of Inspired Entertainment by 10.3% during the fourth quarter. Foundry Partners LLC now owns 583,775 shares of the company's stock worth $5,283,000 after buying an additional 54,395 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Inspired Entertainment by 203.1% in the 4th quarter. JPMorgan Chase & Co. now owns 29,742 shares of the company's stock valued at $269,000 after acquiring an additional 19,928 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of Inspired Entertainment in the 4th quarter valued at about $136,000. Finally, Clarus Group Inc. lifted its stake in Inspired Entertainment by 12.0% in the fourth quarter. Clarus Group Inc. now owns 14,019 shares of the company's stock valued at $127,000 after buying an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 77.38% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on INSE shares. Truist Financial set a $19.00 price objective on shares of Inspired Entertainment in a research note on Friday, March 14th. JMP Securities reiterated a "market outperform" rating and issued a $14.00 price objective 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 issued a "buy" rating and a $13.00 target price for the company. Finally, New Street Research set a $21.00 price target on shares of Inspired Entertainment in a research note on Friday, March 14th.

Inspired Entertainment Stock Performance

INSE stock traded down $0.51 on Thursday, reaching $7.19. The company had a trading volume of 51,903 shares, compared to its average volume of 119,215. The company's fifty day moving average is $9.40 and its 200 day moving average is $9.40. The company has a market cap of $193.45 million, a P/E ratio of -717.28 and a beta of 1.27. Inspired Entertainment, Inc. has a 1 year low of $6.51 and a 1 year high of $11.61.

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

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.