Inspired Entertainment, Inc. (NASDAQ:INSE) Shares Acquired by State Street Corp

State Street Corp increased its holdings in Inspired Entertainment, Inc. (NASDAQ:INSE) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 405,625 shares of the company’s stock after acquiring an additional 2,675 shares during the quarter. State Street Corp’s holdings in Inspired Entertainment were worth $3,760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Private Management Group Inc. grew its position in Inspired Entertainment by 245.5% during the 2nd quarter. Private Management Group Inc. now owns 1,205,281 shares of the company’s stock worth $11,028,000 after purchasing an additional 856,386 shares during the last quarter. Foundry Partners LLC boosted its stake in shares of Inspired Entertainment by 26.2% during the second quarter. Foundry Partners LLC now owns 469,465 shares of the company’s stock worth $4,296,000 after buying an additional 97,320 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Inspired Entertainment by 104.0% during the second quarter. Renaissance Technologies LLC now owns 71,600 shares of the company’s stock worth $655,000 after buying an additional 36,500 shares during the last quarter. BNP Paribas Financial Markets increased its position in Inspired Entertainment by 232.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 28,317 shares of the company’s stock valued at $262,000 after acquiring an additional 19,794 shares during the period. Finally, Gabelli Funds LLC increased its position in Inspired Entertainment by 11.4% in the 2nd quarter. Gabelli Funds LLC now owns 142,000 shares of the company’s stock valued at $1,299,000 after acquiring an additional 14,500 shares during the period. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Stock Down 0.6 %

Shares of NASDAQ:INSE opened at $8.85 on Tuesday. Inspired Entertainment, Inc. has a fifty-two week low of $7.51 and a fifty-two week high of $11.00. The firm’s 50-day simple moving average is $9.52 and its 200-day simple moving average is $9.17. The company has a market cap of $235.22 million, a price-to-earnings ratio of -884.12 and a beta of 1.39.

Wall Street Analyst Weigh In

Separately, Craig Hallum raised Inspired Entertainment to a “strong-buy” rating in a research report on Thursday, October 17th.

Inspired Entertainment Profile

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.