Monday, February 12, 2018 10:15 PM ET
Insider Makes Significant Stock buy in Inspired Entertainment (INSE) Shares Breaks Selling Trend of Last 90 Days
There was a noteworthy insider buy in Inspired Entertainment shares today as disclosed in a filing with the SEC. One insider — HG Vora Capital Management, LLC, 10% Owner — acquired 1,243,500 shares in the company having a net market value of approximately $6,404,025. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 7,859,014 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 6,615,514 shares and have averaged 3,034,171 shares per transaction over this time period.
Insider buy/sell trading at Inspired Entertainment is above the 13 peer company average over the last 90-day period. The Internet Gaming peer group saw 8 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for Inspired Entertainment insiders was also higher. Within the peer group there were 0 shares purchased and 8,023,014 shares sold with company insiders disposing of 1,002,877 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in evaluating and writing this story.
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