Hg Vora Capital Management, Ll Purchases 1,243,500 Shares of Inspired Entertainment Inc (INSE) Stock
Inspired Entertainment Inc (NASDAQ:INSE) major shareholder Hg Vora Capital Management, Ll bought 1,243,500 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average cost of $5.15 per share, for a total transaction of $6,404,025.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Inspired Entertainment Inc (INSE) opened at $6.20 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of -10.92. Inspired Entertainment Inc has a 12-month low of $5.35 and a 12-month high of $14.00.
Inspired Entertainment (NASDAQ:INSE) last released its earnings results on Friday, February 2nd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.01). Inspired Entertainment had a negative net margin of 24.34% and a negative return on equity of 7,330.75%. The firm had revenue of $31.39 million during the quarter. equities analysts predict that Inspired Entertainment Inc will post -0.77 EPS for the current year.
Separately, ValuEngine downgraded Inspired Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th.
About Inspired Entertainment
Inspired Entertainment, Inc, formerly Hydra Industries Acquisition Corp., is a global games technology company. The Company is engaged in developing and operating digital games and networks. The Company is engaged in supplying Virtual Sports, Mobile Gaming and Server-Based Gaming (SBG) systems with associated terminals and digital content to regulated betting, gaming and lottery operators around the world.
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