HighTower Advisors LLC acquired a new stake in shares of Brightstar Lottery (NYSE:BRSL – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 293,333 shares of the company’s stock, valued at approximately $4,541,000.
Several other institutional investors also recently bought and sold shares of BRSL. Gabelli Funds LLC purchased a new stake in Brightstar Lottery during the 4th quarter valued at about $7,388,000. Gamco Investors INC. ET AL bought a new position in Brightstar Lottery in the 4th quarter valued at approximately $4,255,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Brightstar Lottery in the 4th quarter valued at approximately $2,012,000. 44.33% of the stock is owned by hedge funds and other institutional investors.
Brightstar Lottery Stock Up 0.7%
Shares of BRSL opened at $11.19 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.84 and a current ratio of 0.88. The stock has a 50-day moving average of $12.31. The stock has a market capitalization of $2.09 billion, a PE ratio of 13.49 and a beta of 1.04. Brightstar Lottery has a 52 week low of $10.42 and a 52 week high of $18.57.
Brightstar Lottery Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $0.92 annualized dividend and a yield of 8.2%. Brightstar Lottery’s payout ratio is currently 110.84%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. BNP Paribas Exane assumed coverage on Brightstar Lottery in a research report on Thursday, May 14th. They issued a “neutral” rating and a $12.60 price objective on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price objective (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday, May 13th. Zacks Research raised Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Truist Financial lowered 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. Finally, Weiss Ratings cut Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Brightstar Lottery presently has an average rating of “Hold” and a consensus target price of $14.92.
Read Our Latest Research Report on Brightstar Lottery
About Brightstar Lottery
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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