Mizuho Markets Cayman LP Has $3.15 Million Stock Holdings in Brightstar Lottery $BRSL

Mizuho Markets Cayman LP increased its position in shares of Brightstar Lottery (NYSE:BRSL) by 47.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,561 shares of the company’s stock after acquiring an additional 79,261 shares during the period. Mizuho Markets Cayman LP owned about 0.13% of Brightstar Lottery worth $3,154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BRSL. Brown Advisory Inc. bought a new stake in shares of Brightstar Lottery in the 4th quarter valued at approximately $44,820,000. Royce & Associates LP bought a new stake in shares of Brightstar Lottery during the 4th quarter worth about $24,887,000. Intech Investment Management LLC bought a new stake in shares of Brightstar Lottery during the 4th quarter worth about $705,000. Gabelli Funds LLC acquired a new position in shares of Brightstar Lottery during the 4th quarter valued at about $7,388,000. Finally, HighTower Advisors LLC acquired a new position in shares of Brightstar Lottery during the 4th quarter valued at about $4,541,000. Institutional investors and hedge funds own 44.33% of the company’s stock.

Brightstar Lottery Stock Down 1.7%

BRSL opened at $10.46 on Thursday. 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 firm has a 50 day simple moving average of $11.10. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 12.60 and a beta of 1.00. Brightstar Lottery has a 12-month low of $10.41 and a 12-month high of $18.57.

Brightstar Lottery (NYSE:BRSL) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). 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. As a group, analysts anticipate that Brightstar Lottery will post 0.4 earnings per share for the current year.

Brightstar Lottery Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.8%. The ex-dividend date was Thursday, May 28th. Brightstar Lottery’s dividend payout ratio is presently 110.84%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BRSL shares. Argus lowered Brightstar Lottery from a “buy” rating to a “hold” rating in a report on Monday, June 29th. Zacks Research raised shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Jefferies Financial Group reduced their price objective on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Brightstar Lottery in a report on Wednesday, July 1st. They set a “buy” rating and a $15.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Brightstar Lottery in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $14.77.

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.