Bristow Group Inc. (VTOL) to Issue Quarterly Dividend of $0.13 on May 29th

Bristow Group Inc. (NYSE:VTOLGet Free Report) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.125 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 15th.

Bristow Group Trading Down 0.2%

NYSE:VTOL opened at $42.34 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.79 and a current ratio of 2.15. Bristow Group has a one year low of $28.03 and a one year high of $50.38. The business’s 50-day simple moving average is $46.33 and its 200 day simple moving average is $42.32. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 11.02 and a beta of 1.29.

Bristow Group (NYSE:VTOLGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.57). Bristow Group had a net margin of 7.51% and a return on equity of 11.10%. The business had revenue of $388.71 million for the quarter, compared to analyst estimates of $383.68 million. As a group, sell-side analysts predict that Bristow Group will post 4.65 earnings per share for the current fiscal year.

Insider Activity at Bristow Group

In related news, Director Lorin L. Brass sold 3,250 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $49.04, for a total transaction of $159,380.00. Following the completion of the transaction, the director owned 18,455 shares in the company, valued at $905,033.20. The trade was a 14.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Wesley E. Kern sold 3,079 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $46.83, for a total value of $144,189.57. Following the transaction, the director owned 32,000 shares of the company’s stock, valued at approximately $1,498,560. The trade was a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 61,104 shares of company stock valued at $2,869,206. 13.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Bristow Group

Hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of Bristow Group during the second quarter worth about $25,000. Clearstead Advisors LLC lifted its position in Bristow Group by 1,450.7% in the 4th quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock valued at $39,000 after purchasing an additional 1,001 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Bristow Group by 1,645.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock valued at $41,000 after purchasing an additional 1,053 shares during the period. Strs Ohio acquired a new position in Bristow Group during the 1st quarter valued at about $44,000. Finally, Wolverine Asset Management LLC grew its position in Bristow Group by 121.4% in the 4th quarter. Wolverine Asset Management LLC now owns 1,824 shares of the company’s stock worth $67,000 after purchasing an additional 1,000 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors.

About Bristow Group

(Get Free Report)

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.

Further Reading

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