Walleye Capital LLC Has $1.77 Million Holdings in BRP Inc. $DOO

Walleye Capital LLC lifted its position in shares of BRP Inc. (NASDAQ:DOOFree Report) by 224.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,035 shares of the company’s stock after buying an additional 20,077 shares during the quarter. Walleye Capital LLC’s holdings in BRP were worth $1,772,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. VELA Investment Management LLC increased its holdings in BRP by 60.7% in the second quarter. VELA Investment Management LLC now owns 45,333 shares of the company’s stock worth $2,766,000 after purchasing an additional 17,131 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of BRP by 324.1% during the 1st quarter. Lazard Asset Management LLC now owns 152,035 shares of the company’s stock worth $10,931,000 after buying an additional 116,189 shares in the last quarter. Entropy Technologies LP bought a new position in shares of BRP during the 1st quarter worth approximately $416,000. Renaissance Technologies LLC grew its position in shares of BRP by 73.7% during the 1st quarter. Renaissance Technologies LLC now owns 16,500 shares of the company’s stock worth $1,185,000 after buying an additional 7,000 shares during the period. Finally, Morningstar Investment Management LLC grew its position in shares of BRP by 41.7% during the 1st quarter. Morningstar Investment Management LLC now owns 16,510 shares of the company’s stock worth $1,187,000 after buying an additional 4,857 shares during the period.

BRP Trading Down 0.4%

NASDAQ DOO opened at $64.51 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 3.41. BRP Inc. has a 52 week low of $48.83 and a 52 week high of $81.89. The business has a 50 day moving average price of $60.99 and a 200-day moving average price of $64.70. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 24.34 and a beta of 0.88.

BRP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.00 annualized dividend and a yield of 1.6%. BRP’s dividend payout ratio (DPR) is presently 26.42%.

Analyst Upgrades and Downgrades

DOO has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of BRP in a research report on Thursday, July 2nd. Raymond James Financial cut shares of BRP from a “strong-buy” rating to a “market perform” rating in a report on Friday, April 24th. Wall Street Zen downgraded shares of BRP from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of BRP in a report on Friday, May 29th. Finally, Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, BRP presently has a consensus rating of “Hold” and an average price target of $83.00.

View Our Latest Research Report on DOO

BRP Company Profile

(Free Report)

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.

Further Reading

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Institutional Ownership by Quarter for BRP (NASDAQ:DOO)

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