BrightSpring Health Services, Inc. (NASDAQ:BTSGU – Get Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 35,928 shares, an increase of 1,139.8% from the May 31st total of 2,898 shares. Based on an average trading volume of 41,788 shares, the days-to-cover ratio is presently 0.9 days.
BrightSpring Health Services Stock Performance
Shares of NASDAQ:BTSGU traded up $2.29 during midday trading on Friday, hitting $232.43. The company’s stock had a trading volume of 5,094 shares, compared to its average volume of 28,166. BrightSpring Health Services has a 12-month low of $68.14 and a 12-month high of $255.51. The business’s 50 day simple moving average is $188.80 and its 200 day simple moving average is $153.42.
BrightSpring Health Services Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Saturday, August 1st. Shareholders of record on Wednesday, July 15th will be paid a $0.8437 dividend. This represents a $3.37 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, July 15th.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on BTSGU
Institutional Investors Weigh In On BrightSpring Health Services
A number of large investors have recently made changes to their positions in BTSGU. Van ECK Associates Corp lifted its position in BrightSpring Health Services by 2.1% during the third quarter. Van ECK Associates Corp now owns 244,150 shares of the company’s stock worth $24,681,000 after buying an additional 4,999 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of BrightSpring Health Services in the 2nd quarter worth $870,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of BrightSpring Health Services by 11.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 164,260 shares of the company’s stock valued at $13,560,000 after acquiring an additional 16,302 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of BrightSpring Health Services by 69.4% in the second quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock valued at $3,627,000 after purchasing an additional 17,994 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in BrightSpring Health Services during the first quarter worth about $3,575,000.
BrightSpring Health Services Company Profile
BrightSpring Health Services is a leading provider of home and community-based health and support services in the United States. The company specializes in delivering a continuum of care that spans behavioral health, intellectual and developmental disability support, home health care, and respite services. By integrating clinical and non-clinical offerings, BrightSpring seeks to improve patient outcomes, enhance quality of life, and support family caregivers.
Through its behavioral health division, BrightSpring offers individualized therapy, counseling, and crisis intervention for children, adolescents, and adults experiencing mental health challenges.
Featured Articles
- Five stocks we like better than BrightSpring Health Services
- Xcel Energy Stock Offers Stability as Electricity Demand Builds
- Data Center Delays Create Opportunity in These 3 Stocks
- Uncle Sam Plugs In: Nuclear Energy’s Cash Flow Moment Is Finally Here
- Fabrinet Is Becoming a Quiet Winner in the AI Optics Buildout
Receive News & Ratings for BrightSpring Health Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BrightSpring Health Services and related companies with MarketBeat.com's FREE daily email newsletter.
