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

Wolverine Asset Management LLC increased its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 27.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 554,985 shares of the company’s stock after acquiring an additional 119,322 shares during the period. BrightSpring Health Services comprises approximately 0.4% of Wolverine Asset Management LLC’s portfolio, making the stock its 25th biggest holding. Wolverine Asset Management LLC’s holdings in BrightSpring Health Services were worth $56,199,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BTSGU. Jane Street Group LLC purchased a new position in BrightSpring Health Services in the second quarter worth $870,000. Goldman Sachs Group Inc. purchased a new position in shares of BrightSpring Health Services in the 1st quarter worth about $3,575,000. JPMorgan Chase & Co. grew its position in BrightSpring Health Services by 69.4% during the second quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock valued at $3,627,000 after buying an additional 17,994 shares during the period. Norges Bank bought a new position in BrightSpring Health Services during the second quarter valued at about $5,780,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in BrightSpring Health Services by 11.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 164,260 shares of the company’s stock worth $13,560,000 after buying an additional 16,302 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of BrightSpring Health Services in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

BrightSpring Health Services Stock Performance

NASDAQ BTSGU opened at $132.25 on Friday. The stock’s 50-day simple moving average is $122.11 and its two-hundred day simple moving average is $99.94. BrightSpring Health Services, Inc. has a twelve month low of $56.77 and a twelve month high of $137.07.

BrightSpring Health Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, February 1st. Stockholders of record on Thursday, January 15th will be issued a $0.8438 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, January 15th.

About BrightSpring Health Services

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.