Clear Harbor Asset Management LLC Sells 4,025 Shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

Clear Harbor Asset Management LLC trimmed its stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 24.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,350 shares of the company’s stock after selling 4,025 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Inspired Entertainment were worth $114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in INSE. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Inspired Entertainment by 2.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,917 shares of the company’s stock worth $512,000 after buying an additional 1,275 shares in the last quarter. BNP Paribas Financial Markets raised its position in 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 purchasing an additional 17,733 shares during the last quarter. Foundry Partners LLC raised its position in Inspired Entertainment by 9.5% in the first quarter. Foundry Partners LLC now owns 372,145 shares of the company’s stock valued at $3,669,000 after purchasing an additional 32,380 shares during the last quarter. Private Management Group Inc. boosted its stake in shares of Inspired Entertainment by 94.6% during the first quarter. Private Management Group Inc. now owns 348,895 shares of the company’s stock valued at $3,440,000 after purchasing an additional 169,575 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Inspired Entertainment during the first quarter worth about $26,000. Institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Price Performance

Shares of INSE opened at $9.00 on Monday. Inspired Entertainment, Inc. has a 1 year low of $6.12 and a 1 year high of $11.01. The business has a 50-day moving average of $9.12 and a 200-day moving average of $8.99. The company has a market capitalization of $239.22 million, a price-to-earnings ratio of -900.00 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). The business had revenue of $75.60 million during the quarter, compared to analyst estimates of $74.30 million. Inspired Entertainment had a negative net margin of 0.09% and a negative return on equity of 6.47%. During the same period last year, the firm posted $0.14 earnings per share. As a group, sell-side analysts anticipate that Inspired Entertainment, Inc. will post 0.53 EPS for the current year.

Analyst Ratings Changes

INSE has been the subject of a number of research reports. Craig Hallum upgraded shares of Inspired Entertainment to a “strong-buy” rating in a report on Thursday, October 17th. Macquarie dropped their price target on shares of Inspired Entertainment from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, August 9th.

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.