1,607,713 Shares in Brightstar Lottery $BRSL Acquired by Royce & Associates LP

Royce & Associates LP bought a new position in Brightstar Lottery (NYSE:BRSL) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,607,713 shares of the company’s stock, valued at approximately $24,887,000.

A number of other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $93,000. Global Retirement Partners LLC acquired a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $106,000. Covestor Ltd acquired a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $124,000. ProShare Advisors LLC acquired a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $297,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $965,000. Institutional investors and hedge funds own 44.33% of the company’s stock.

Brightstar Lottery Stock Down 1.6%

BRSL stock opened at $11.02 on Wednesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.88 and a quick ratio of 0.84. The company has a market capitalization of $2.06 billion, a P/E ratio of 13.28 and a beta of 1.04. Brightstar Lottery has a 12 month low of $10.42 and a 12 month high of $18.57. The business has a 50 day simple moving average of $12.37.

Brightstar Lottery (NYSE:BRSL) last posted its earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The business had revenue of $587.00 million during the quarter. Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, research analysts expect that Brightstar Lottery will post 0.79 EPS for the current fiscal year.

Brightstar Lottery Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Thursday, May 28th. Brightstar Lottery’s dividend payout ratio is currently 110.84%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BRSL. Truist Financial cut their price target on shares of Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating on the stock in a report on Wednesday, May 13th. Jefferies Financial Group cut their price target on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Zacks Research upgraded shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings lowered shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. Finally, Stifel Nicolaus restated a “buy” rating and set a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.92.

Brightstar Lottery 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.