11,471 Shares in Inspired Entertainment, Inc. (NASDAQ:INSE) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,471 shares of the company’s stock, valued at approximately $106,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Management Group Inc. boosted its holdings in shares of Inspired Entertainment by 35.5% during the 3rd quarter. Private Management Group Inc. now owns 1,633,593 shares of the company’s stock worth $15,143,000 after purchasing an additional 428,312 shares during the last quarter. Foundry Partners LLC lifted its holdings in shares of Inspired Entertainment by 26.2% in the 2nd quarter. Foundry Partners LLC now owns 469,465 shares of the company’s stock worth $4,296,000 after acquiring an additional 97,320 shares during the last quarter. Gabelli Funds LLC boosted its position in shares of Inspired Entertainment by 11.4% during the second quarter. Gabelli Funds LLC now owns 142,000 shares of the company’s stock worth $1,299,000 after buying an additional 14,500 shares during the period. Renaissance Technologies LLC boosted its holdings in Inspired Entertainment by 104.0% during the 2nd quarter. Renaissance Technologies LLC now owns 71,600 shares of the company’s stock valued at $655,000 after acquiring an additional 36,500 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Inspired Entertainment by 15.4% during the second quarter. Bank of New York Mellon Corp now owns 65,768 shares of the company’s stock worth $602,000 after purchasing an additional 8,753 shares during the period. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on INSE shares. Macquarie reduced their price objective on Inspired Entertainment from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Craig Hallum upgraded shares of Inspired Entertainment to a “strong-buy” rating in a research report on Thursday, October 17th.

Inspired Entertainment Stock Performance

Shares of Inspired Entertainment stock opened at $9.89 on Tuesday. The company has a market capitalization of $262.88 million, a P/E ratio of -988.01 and a beta of 1.40. Inspired Entertainment, Inc. has a 1 year low of $7.51 and a 1 year high of $11.00. The company’s fifty day moving average is $9.61 and its two-hundred day moving average is $9.14.

About Inspired Entertainment

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.