Thompson Siegel & Walmsley LLC Makes New $4.27 Million Investment in Brightstar Lottery $BRSL

Thompson Siegel & Walmsley LLC purchased a new position in Brightstar Lottery (NYSE:BRSL) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 275,820 shares of the company’s stock, valued at approximately $4,270,000.

Other large investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. bought a new stake in shares of Brightstar Lottery in the fourth quarter worth about $31,000. PNC Financial Services Group Inc. bought a new stake in shares of Brightstar Lottery in the fourth quarter worth about $93,000. Global Retirement Partners LLC bought a new stake in shares of Brightstar Lottery in the fourth quarter worth about $106,000. Covestor Ltd bought a new stake in shares of Brightstar Lottery in the fourth quarter worth about $124,000. Finally, ProShare Advisors LLC bought a new stake in shares of Brightstar Lottery in the fourth quarter worth about $297,000. 44.33% of the stock is currently owned by institutional investors.

Brightstar Lottery Price Performance

BRSL stock opened at $11.32 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $2.11 billion, a PE ratio of 13.63 and a beta of 1.00. The stock’s 50-day moving average price is $12.25. Brightstar Lottery has a fifty-two week low of $10.42 and a fifty-two week high of $18.57.

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

Brightstar Lottery Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Thursday, May 28th. Brightstar Lottery’s dividend payout ratio is currently 110.84%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BRSL shares. Susquehanna lowered their price target on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a report on Thursday, May 14th. BNP Paribas Exane started coverage on Brightstar Lottery in a report on Thursday, May 14th. They issued a “neutral” rating and a $12.60 price target for the company. Jefferies Financial Group lowered their price target on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, April 6th. Truist Financial reduced their price objective on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a research report on Wednesday, May 13th. Finally, Zacks Research cut Brightstar Lottery from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Brightstar Lottery has a consensus rating of “Hold” and a consensus target price of $14.92.

About Brightstar Lottery

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.