SSI Investment Management LLC Buys 3,980 Shares of BrightSpring Health Services, Inc. $BTSGU

SSI Investment Management LLC grew its position in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 2.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 154,115 shares of the company’s stock after purchasing an additional 3,980 shares during the period. BrightSpring Health Services comprises approximately 1.3% of SSI Investment Management LLC’s holdings, making the stock its 19th biggest holding. SSI Investment Management LLC’s holdings in BrightSpring Health Services were worth $19,426,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in BTSGU. BlueCrest Capital Management Ltd lifted its holdings in BrightSpring Health Services by 40.3% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 236,886 shares of the company’s stock valued at $19,555,000 after purchasing an additional 68,087 shares during the last quarter. Bank of Montreal Can bought a new position in shares of BrightSpring Health Services in the second quarter valued at approximately $99,696,000. Wolverine Asset Management LLC raised its stake in shares of BrightSpring Health Services by 27.4% in the third quarter. Wolverine Asset Management LLC now owns 554,985 shares of the company’s stock valued at $56,199,000 after acquiring an additional 119,322 shares during the last quarter. Norges Bank acquired a new position in shares of BrightSpring Health Services in the 2nd quarter worth approximately $5,780,000. Finally, Aequim Alternative Investments LP grew its position in BrightSpring Health Services by 13.2% during the 2nd quarter. Aequim Alternative Investments LP now owns 1,290,000 shares of the company’s stock worth $106,490,000 after acquiring an additional 150,000 shares during the last quarter.

Wall Street Analyst Weigh In

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

BrightSpring Health Services Price Performance

Shares of BTSGU traded up $0.05 during mid-day trading on Friday, hitting $135.81. 309 shares of the company traded hands, compared to its average volume of 14,462. BrightSpring Health Services, Inc. has a one year low of $56.77 and a one year high of $137.07. The business has a 50-day moving average of $129.94 and a 200 day moving average of $110.04.

BrightSpring Health Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, February 1st. Stockholders of record on Thursday, January 15th were paid a $0.8438 dividend. This represents a $3.38 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, January 15th.

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.