Inspired Entertainment, Inc. (NASDAQ:INSE – Get Rating) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 165,400 shares, a decrease of 29.6% from the March 15th total of 234,900 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 154,700 shares, the short-interest ratio is currently 1.1 days.
INSE stock traded up $0.03 during midday trading on Friday, hitting $10.68. The company had a trading volume of 139,935 shares, compared to its average volume of 236,522. Inspired Entertainment has a 52 week low of $7.40 and a 52 week high of $15.81. The stock’s 50 day moving average price is $13.05 and its 200 day moving average price is $12.97. The stock has a market cap of $287.19 million, a price-to-earnings ratio of -4.40 and a beta of 1.38.
Inspired Entertainment (NASDAQ:INSE – Get Rating) last announced its earnings results on Friday, March 11th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.10). During the same quarter in the prior year, the company posted $0.49 earnings per share. Equities research analysts predict that Inspired Entertainment will post 0.53 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its holdings in Inspired Entertainment by 4.4% in the third quarter. Russell Investments Group Ltd. now owns 1,095,402 shares of the company’s stock worth $12,814,000 after purchasing an additional 45,725 shares in the last quarter. Cowen Prime Advisors LLC grew its stake in shares of Inspired Entertainment by 374.0% in the third quarter. Cowen Prime Advisors LLC now owns 237,000 shares of the company’s stock worth $2,773,000 after acquiring an additional 187,000 shares during the last quarter. DG Capital Management LLC grew its stake in shares of Inspired Entertainment by 44.4% in the third quarter. DG Capital Management LLC now owns 1,580,788 shares of the company’s stock worth $18,495,000 after acquiring an additional 486,322 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of Inspired Entertainment in the third quarter worth $34,000. Finally, Cannell Capital LLC boosted its position in shares of Inspired Entertainment by 85.2% during the third quarter. Cannell Capital LLC now owns 1,379,786 shares of the company’s stock valued at $16,143,000 after buying an additional 634,921 shares during the last quarter. Institutional investors and hedge funds own 97.10% of the company’s stock.
About Inspired Entertainment (Get Rating)
Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. The company operates through 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.
- Get a free copy of the StockNews.com research report on Inspired Entertainment (INSE)
- Institutions And Analysts Drive UnitedHealth Group Higher
- MarketBeat: Week in Review 4/11 – 4/15
- Three Beaten Down Mega Caps The Analysts Are Upgrading
- Top 3 Safe Stocks for Conservative Investors
- Array Technologies Stock Giving Another Ground Floor Entry
Receive News & Ratings for Inspired Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inspired Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.