SummerHaven Investment Management LLC Takes $888,000 Position in Inspired Entertainment, Inc. $INSE

SummerHaven Investment Management LLC acquired a new position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 94,683 shares of the company’s stock, valued at approximately $888,000. SummerHaven Investment Management LLC owned approximately 0.35% of Inspired Entertainment at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Samjo Management LLC lifted its position in Inspired Entertainment by 5.7% during the second quarter. Samjo Management LLC now owns 2,077,510 shares of the company’s stock valued at $16,973,000 after purchasing an additional 111,900 shares during the last quarter. Kanen Wealth Management LLC raised its position in shares of Inspired Entertainment by 50.9% during the 1st quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock valued at $18,929,000 after buying an additional 676,988 shares in the last quarter. CSM Advisors LLC bought a new stake in shares of Inspired Entertainment during the 2nd quarter worth $5,476,000. Geode Capital Management LLC lifted its holdings in shares of Inspired Entertainment by 8.9% during the 2nd quarter. Geode Capital Management LLC now owns 565,185 shares of the company’s stock worth $4,619,000 after acquiring an additional 46,328 shares during the last quarter. Finally, Brown Advisory Inc. grew its position in Inspired Entertainment by 12.5% in the second quarter. Brown Advisory Inc. now owns 529,771 shares of the company’s stock worth $4,328,000 after acquiring an additional 58,973 shares in the last quarter. 77.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on INSE shares. BWS Financial restated a “buy” rating and set a $20.00 price target on shares of Inspired Entertainment in a research report on Monday, November 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Inspired Entertainment in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $14.00.

Insider Transactions at Inspired Entertainment

In other Inspired Entertainment news, Chairman A Lorne Weil purchased 50,000 shares of the stock in a transaction on Wednesday, November 26th. The stock was acquired at an average price of $8.11 per share, with a total value of $405,500.00. Following the transaction, the chairman directly owned 572,771 shares of the company’s stock, valued at approximately $4,645,172.81. This trade represents a 9.56% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brooks H. Pierce acquired 10,000 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was acquired at an average price of $7.04 per share, with a total value of $70,400.00. Following the acquisition, the chief executive officer owned 12,000 shares in the company, valued at approximately $84,480. This trade represents a 500.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 12.88% of the company’s stock.

Inspired Entertainment Stock Performance

NASDAQ:INSE opened at $8.86 on Wednesday. Inspired Entertainment, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $11.61. The firm has a market cap of $238.60 million, a PE ratio of 4.45 and a beta of 1.27. The business has a 50 day moving average price of $8.93 and a 200-day moving average price of $8.80.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $86.20 million for the quarter, compared to the consensus estimate of $83.47 million. Inspired Entertainment had a net margin of 18.78% and a negative return on equity of 1,176.67%. Research analysts predict that Inspired Entertainment, Inc. will post 0.3 EPS for the current year.

About Inspired Entertainment

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.