Gamco Investors INC. ET AL Has $426,000 Stock Holdings in BrightSpring Health Services, Inc. $BTSGU

Gamco Investors INC. ET AL trimmed its holdings in shares of BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 50.0% in the first quarter, Holdings Channel.com reports. The firm owned 3,000 shares of the company’s stock after selling 3,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in BrightSpring Health Services were worth $426,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BTSGU. Virtus Advisers LLC acquired a new position in shares of BrightSpring Health Services in the fourth quarter valued at approximately $25,000. Jane Street Group LLC increased its position in shares of BrightSpring Health Services by 88.4% during the fourth quarter. Jane Street Group LLC now owns 4,946 shares of the company’s stock worth $624,000 after acquiring an additional 2,321 shares in the last quarter. Morningstar Investment Management LLC acquired a new stake in shares of BrightSpring Health Services during the third quarter worth $829,000. JPMorgan Chase & Co. lifted its position in BrightSpring Health Services by 69.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock valued at $3,627,000 after acquiring an additional 17,994 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in BrightSpring Health Services in the 1st quarter valued at $3,575,000.

BrightSpring Health Services Trading Down 4.2%

NASDAQ BTSGU opened at $228.37 on Thursday. The firm’s 50 day moving average is $218.03 and its 200-day moving average is $171.23. BrightSpring Health Services, Inc. has a 12-month low of $68.14 and a 12-month high of $255.51.

BrightSpring Health Services Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, August 1st. Investors of record on Wednesday, July 15th will be given a $0.8437 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $3.37 dividend on an annualized basis and a yield of 1.5%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of BrightSpring Health Services in a report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

BrightSpring Health Services Profile

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.