Brightstar Lottery (NYSE:BRSL) Hits New 1-Year Low – Time to Sell?

Brightstar Lottery (NYSE:BRSL) reached a new 52-week low during trading on Wednesday . The company traded as low as $12.59 and last traded at $12.77, with a volume of 45218 shares changing hands. The stock had previously closed at $12.74.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BRSL shares. Truist Financial upgraded Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Stifel Nicolaus lowered their price target on Brightstar Lottery from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Finally, Weiss Ratings started coverage on shares of Brightstar Lottery in a research report on Tuesday, February 3rd. They issued a “hold (c-)” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Brightstar Lottery currently has a consensus rating of “Buy” and a consensus target price of $20.00.

Brightstar Lottery Stock Performance

The company has a market capitalization of $2.37 billion, a P/E ratio of 16.68 and a beta of 1.07. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 2.55.

Brightstar Lottery (NYSE:BRSL) last posted its earnings results on Tuesday, February 24th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Brightstar Lottery had a return on equity of 9.81% and a net margin of 5.85%.The firm had revenue of $668.00 million during the quarter. During the same period in the previous year, the firm posted $0.22 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis.

Brightstar Lottery Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given a $0.23 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $0.92 annualized dividend and a dividend yield of 7.3%. Brightstar Lottery’s payout ratio is currently 121.05%.

Institutional Trading of Brightstar Lottery

Several hedge funds have recently bought and sold shares of BRSL. Nomura Asset Management Co. Ltd. acquired a new position in shares of Brightstar Lottery in the fourth quarter valued at approximately $31,000. Global Retirement Partners LLC bought a new stake in shares of Brightstar Lottery during the fourth quarter worth $106,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Brightstar Lottery during the fourth quarter worth $4,270,000. ProShare Advisors LLC bought a new stake in Brightstar Lottery in the 4th quarter valued at $297,000. Finally, Kingsview Wealth Management LLC bought a new stake in Brightstar Lottery in the 4th quarter valued at $2,574,000. 44.33% of the stock is currently owned by institutional investors and hedge funds.

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.