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Krilogy Financial LLC Purchases New Position in Inspired Entertainment
Krilogy Financial LLC acquired 50,000 shares of Inspired Entertainment, Inc. (NASDAQ:INSE – Free Report) during the first quarter, according to the company’s most recent Form 13F filing with the SEC. The value of the purchased shares amounted to approximately $640,000. At the end of the quarter, Krilogy Financial LLC held approximately 0.19% ownership of Inspired Entertainment.
Other Institutional Investors and Hedge Funds Modify Holdings
Several other institutional investors and hedge funds have made changes to their positions in INSE. JPMorgan Chase & Co. increased its holdings by 7,216.2% in the first quarter, now owning 27,070 shares worth $333,000. Bank of New York Mellon Corp also acquired a new stake in the company, valued at $123,000 during the first quarter. Citigroup Inc. purchased shares worth $476,000, while BlackRock Inc. added 60,745 shares to its holdings during the same period. Furthermore, Dimensional Fund Advisors LP expanded its stake in Inspired Entertainment by 24.9% in the first quarter, now owning 189,216 shares valued at $2,327,000. Institutional investors collectively own approximately 87.24% of the company’s stock.
Analyst Upgrades and Downgrades
Multiple research analysts have issued reports on INSE. 500.com reiterated a “maintains” rating on Inspired Entertainment shares on May 11th. JMP Securities lowered the price objective of Inspired Entertainment from $20.00 to $19.00 on July 17th. As per data from MarketBeat, the average rating of the stock is “Buy” with an average price target of $21.75.
Inspired Entertainment Stock Declines by 2.0%
Inspired Entertainment (NASDAQ:INSE) traded at $12.43 during mid-day trading on Friday, representing a 2.0% decline. The company saw 34,378 shares being traded, compared to its average volume of 137,208. The stock’s fifty-day moving average price is $14.09, with its 200-day moving average price at $13.96. Inspired Entertainment has a 52-week trading range of $8.63 to $16.44, with a market capitalization of $326.50 million and a price-to-earnings ratio of 17.87. The stock has a beta of 1.59.
About Inspired Entertainment
Inspired Entertainment, Inc. is a global gaming technology company that offers content, platform, and other products and services to regulated lottery, betting, and gaming operators. The company operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to various establishments, while the Virtual Sports segment offers digital terminal games. Additionally, Inspired Entertainment provides traditional casino games such as roulette, blackjack, and number games.
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