GSA Capital Partners LLP acquired a new stake in shares of Brightstar Lottery (NYSE:BRSL – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 62,314 shares of the company’s stock, valued at approximately $965,000.
Other institutional investors have also recently modified their holdings of the company. ProShare Advisors LLC bought a new position in shares of Brightstar Lottery during the 4th quarter valued at about $297,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Brightstar Lottery during the 4th quarter valued at about $2,012,000. Gamco Investors INC. ET AL bought a new position in shares of Brightstar Lottery during the 4th quarter valued at about $4,255,000. HighTower Advisors LLC bought a new position in shares of Brightstar Lottery during the 4th quarter valued at about $4,541,000. Finally, Gabelli Funds LLC bought a new position in shares of Brightstar Lottery during the 4th quarter valued at about $7,388,000. 44.33% of the stock is currently owned by institutional investors.
Brightstar Lottery Price Performance
BRSL opened at $11.19 on Friday. The stock’s 50 day moving average is $12.43. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 1.79. Brightstar Lottery has a 1 year low of $10.42 and a 1 year high of $18.57. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 13.48 and a beta of 1.04.
Brightstar Lottery Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th will be issued a $0.23 dividend. The ex-dividend date is Thursday, May 28th. This represents a $0.92 annualized dividend and a yield of 8.2%. Brightstar Lottery’s dividend payout ratio (DPR) is 110.84%.
Analysts Set New Price Targets
BRSL has been the topic of several recent research reports. Truist Financial reduced their price objective on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating on the stock in a research report on Wednesday, May 13th. Zacks Research upgraded Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. BNP Paribas Exane began coverage on Brightstar Lottery in a research report on Thursday, May 14th. They set a “neutral” rating and a $12.60 price target on the stock. Susquehanna reduced their price target on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a research report on Thursday, May 14th. Finally, Jefferies Financial Group reduced their price target on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.92.
Check Out Our Latest Report on Brightstar Lottery
Brightstar Lottery Company Profile
International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.
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