Intech Investment Management LLC bought a new stake in Brightstar Lottery (NYSE:BRSL – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 45,557 shares of the company’s stock, valued at approximately $705,000.
A number of other hedge funds have also recently modified their holdings of the stock. PNC Financial Services Group Inc. purchased a new position in shares of Brightstar Lottery in the 4th quarter valued at $93,000. Global Retirement Partners LLC purchased a new position in shares of Brightstar Lottery in the 4th quarter valued at $106,000. Covestor Ltd purchased a new position in shares of Brightstar Lottery in the 4th quarter valued at $124,000. ProShare Advisors LLC purchased a new position in shares of Brightstar Lottery in the 4th quarter valued at $297,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Brightstar Lottery in the 4th quarter valued at $965,000. 44.33% of the stock is owned by hedge funds and other institutional investors.
Brightstar Lottery Stock Up 0.2%
Shares of NYSE BRSL opened at $11.26 on Tuesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.88 and a quick ratio of 0.84. Brightstar Lottery has a 52 week low of $10.42 and a 52 week high of $18.57. The company has a 50-day moving average of $12.09. The firm has a market capitalization of $2.10 billion, a PE ratio of 13.57 and a beta of 0.99.
Brightstar Lottery Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be paid a $0.23 dividend. The ex-dividend date is Thursday, May 28th. This represents a $0.92 annualized dividend and a dividend yield of 8.2%. Brightstar Lottery’s dividend payout ratio (DPR) is 110.84%.
Analyst Ratings Changes
A number of brokerages recently weighed in on BRSL. Zacks Research cut shares of Brightstar Lottery from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Jefferies Financial Group decreased their price target on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, April 6th. BNP Paribas Exane began coverage on shares of Brightstar Lottery in a research note on Thursday, May 14th. They set a “neutral” rating and a $12.60 price target for the company. Stifel Nicolaus reiterated a “buy” rating and set a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a research note on Wednesday, May 13th. Finally, Susquehanna decreased their price target on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.92.
Read Our Latest Research Report on BRSL
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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