Potomac Capital Management Inc. Invests $6.09 Million in Inspired Entertainment, Inc. $INSE

Potomac Capital Management Inc. purchased a new position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 650,500 shares of the company’s stock, valued at approximately $6,089,000. Inspired Entertainment comprises 4.9% of Potomac Capital Management Inc.’s investment portfolio, making the stock its 2nd largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LSV Asset Management bought a new stake in shares of Inspired Entertainment during the fourth quarter worth about $93,000. BNP Paribas Financial Markets grew its holdings in shares of Inspired Entertainment by 428.0% during the second quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company’s stock worth $110,000 after purchasing an additional 10,892 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Inspired Entertainment during the first quarter worth about $123,000. R Squared Ltd bought a new stake in shares of Inspired Entertainment during the third quarter worth about $143,000. Finally, Man Group plc bought a new stake in shares of Inspired Entertainment during the second quarter worth about $174,000. 77.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Michael R. Chambrello acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The shares were bought at an average cost of $6.92 per share, with a total value of $69,200.00. Following the completion of the purchase, the director directly owned 64,568 shares in the company, valued at $446,810.56. The trade was a 18.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brooks H. Pierce acquired 13,332 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The stock was bought at an average cost of $6.88 per share, for a total transaction of $91,724.16. Following the completion of the purchase, the chief executive officer owned 52,407 shares of the company’s stock, valued at $360,560.16. This trade represents a 34.12% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 80,000 shares of company stock valued at $545,748 over the last ninety days. 12.88% of the stock is owned by company insiders.

Inspired Entertainment Price Performance

Inspired Entertainment stock opened at $8.18 on Wednesday. The stock’s 50 day moving average is $7.25 and its 200 day moving average is $8.04. The firm has a market cap of $218.16 million, a P/E ratio of -13.41 and a beta of 1.22. Inspired Entertainment, Inc. has a one year low of $6.10 and a one year high of $9.95.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.13. The company had revenue of $57.20 million for the quarter, compared to analyst estimates of $58.89 million. Inspired Entertainment had a negative return on equity of 1,176.67% and a negative net margin of 5.78%. Equities analysts anticipate that Inspired Entertainment, Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on INSE shares. Weiss Ratings restated a “sell (d)” rating on shares of Inspired Entertainment in a report on Monday. Zacks Research raised Inspired Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Inspired Entertainment in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.00.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc (NASDAQ: INSE) is a business-to-business provider of digital gaming content and technology solutions for the global gaming industry. The company’s offerings include server-based gaming modules, virtual sports simulations, digital interactive content and mobile sports betting platforms. Inspired designs proprietary games and software that integrate with lotteries, casino operators, retail betting shops and online platforms, emphasizing reliable performance, rapid deployment and engaging player experiences.

At the core of Inspired’s product suite is its Virtual Sports catalog, which simulates sporting events using advanced algorithms and randomized outcomes.