Wolverine Asset Management LLC Increases Stake in BrightSpring Health Services, Inc. $BTSGU

Wolverine Asset Management LLC boosted its stake in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 92.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 435,663 shares of the company’s stock after purchasing an additional 209,297 shares during the period. Wolverine Asset Management LLC’s holdings in BrightSpring Health Services were worth $35,969,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Aequim Alternative Investments LP lifted its stake in shares of BrightSpring Health Services by 13.2% during the second quarter. Aequim Alternative Investments LP now owns 1,290,000 shares of the company’s stock worth $106,490,000 after buying an additional 150,000 shares during the period. Goldman Sachs Group Inc. purchased a new stake in BrightSpring Health Services during the 1st quarter valued at about $3,575,000. Voya Investment Management LLC increased its holdings in shares of BrightSpring Health Services by 12.7% in the first quarter. Voya Investment Management LLC now owns 310,000 shares of the company’s stock valued at $20,150,000 after purchasing an additional 35,000 shares during the period. Sculptor Capital LP raised its stake in shares of BrightSpring Health Services by 1.5% in the first quarter. Sculptor Capital LP now owns 278,795 shares of the company’s stock worth $18,122,000 after purchasing an additional 4,025 shares during the last quarter. Finally, Linden Advisors LP raised its stake in shares of BrightSpring Health Services by 250.0% in the first quarter. Linden Advisors LP now owns 35,000 shares of the company’s stock worth $2,311,000 after purchasing an additional 25,000 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of BrightSpring Health Services in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

BrightSpring Health Services Stock Performance

BrightSpring Health Services stock opened at $110.82 on Friday. BrightSpring Health Services, Inc. has a 12 month low of $55.93 and a 12 month high of $116.44. The stock’s 50 day simple moving average is $96.45 and its two-hundred day simple moving average is $82.46.

BrightSpring Health Services (NASDAQ:BTSGU) last posted its earnings results on Thursday, May 2nd. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $2.03 billion for the quarter.

BrightSpring Health Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, November 1st. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.8438 per share. This is a boost from BrightSpring Health Services’s previous quarterly dividend of $0.84. The ex-dividend date is Wednesday, October 15th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 3.0%.

About BrightSpring Health Services

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.