Dimensional Fund Advisors LP Sells 2,983 Shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

Dimensional Fund Advisors LP cut its holdings in Inspired Entertainment, Inc. (NASDAQ:INSE) by 1.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 176,976 shares of the company’s stock after selling 2,983 shares during the period. Dimensional Fund Advisors LP’s holdings in Inspired Entertainment were worth $1,620,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new position in shares of Inspired Entertainment during the 1st quarter worth about $26,000. Bfsg LLC boosted its stake in shares of Inspired Entertainment by 61.9% during the 2nd quarter. Bfsg LLC now owns 9,875 shares of the company’s stock worth $90,000 after purchasing an additional 3,775 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Inspired Entertainment by 102.1% during the 1st quarter. BNP Paribas Financial Markets now owns 35,108 shares of the company’s stock worth $346,000 after purchasing an additional 17,733 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Inspired Entertainment by 2.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,917 shares of the company’s stock worth $512,000 after purchasing an additional 1,275 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Inspired Entertainment by 15.4% during the 2nd 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. 77.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Macquarie dropped their price target on shares of Inspired Entertainment from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, August 9th.

Inspired Entertainment Price Performance

Inspired Entertainment stock opened at $9.06 on Friday. The stock has a market cap of $240.81 million, a price-to-earnings ratio of -906.00 and a beta of 1.40. Inspired Entertainment, Inc. has a 1 year low of $6.12 and a 1 year high of $11.79. The firm has a 50-day moving average of $8.90 and a two-hundred day moving average of $9.03.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). Inspired Entertainment had a negative net margin of 0.09% and a negative return on equity of 6.47%. The company had revenue of $75.60 million during the quarter, compared to analysts’ expectations of $74.30 million. During the same period last year, the firm earned $0.14 earnings per share. Research analysts expect that Inspired Entertainment, Inc. will post 0.53 earnings per share for the current year.

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.