In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Inspired Entertainment Inc. (NASDAQ:INSE) reported that Landgame S.a.r.l. has picked up 10,048,344 of common stock as of 2017-06-30.
The acquisition brings the aggregate amount owned by Landgame S.a.r.l. to a total of 10,048,344 representing a 44.8% stake in the company.
For those not familiar with the company, 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. The Company operates through two segments: Server Based Gaming and Virtual Sports. The Company operates approximately 25,000 digital gaming terminals and supplies its Virtual Sports products in over 35,000 venues and on approximately 100 Websites in over 30 countries. The Company provides digital gaming solutions on its network that accommodates a range of devices, including land-based gaming machine products, mobile devices, such as smartphones and tablets, as well as personal computer (PC) and social applications.
A glance at Inspired Entertainment Inc. (NASDAQ:INSE) key stats reveals a current market capitalization of $288.85 Million based on $22.39 Million shares outstanding and a price at last close of $13.00 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-06-27, Raphaelson picked up 100 at a purchase price of $12.11. This brings their total holding to 100 as of the date of the filing.
On the sell side, the most recent transaction saw Polar unload 1,098,300 shares at a sale price of $10.05. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Inspired Entertainment Inc. (NASDAQ:INSE) as things move forward to see if its progress aligns with these transactions.
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