Brightstar Lottery (NYSE:BRSL) Reaches New 52-Week Low – Time to Sell?

Shares of Brightstar Lottery (NYSE:BRSL) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.64 and last traded at $10.6140, with a volume of 966261 shares. The stock had previously closed at $10.90.

Analyst Ratings Changes

BRSL has been the subject of several recent research reports. Susquehanna cut 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. Zacks Research upgraded shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a research note on Wednesday, May 13th. Jefferies Financial Group decreased their price target on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Finally, BNP Paribas Exane started coverage on Brightstar Lottery in a research note on Thursday, May 14th. They issued a “neutral” rating and a $12.60 price target on the stock. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Brightstar Lottery presently has an average rating of “Hold” and an average price target of $14.92.

Brightstar Lottery Stock Performance

The stock has a market capitalization of $1.98 billion, a P/E ratio of 12.79 and a beta of 1.04. 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 stock’s 50-day moving average price is $12.61.

Brightstar Lottery (NYSE:BRSL) last released its earnings results 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 during the quarter. Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. Brightstar Lottery’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities analysts forecast that Brightstar Lottery will post 0.79 EPS for the current fiscal year.

Brightstar Lottery Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, May 28th. This represents a $0.92 dividend on an annualized basis and a yield of 8.7%. Brightstar Lottery’s dividend payout ratio is 110.84%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BRSL. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Brightstar Lottery in the 4th quarter valued at $31,000. NewEdge Advisors LLC acquired a new stake in shares of Brightstar Lottery in the 4th quarter valued at $32,000. Gamco Investors INC. ET AL grew its stake in shares of Brightstar Lottery by 0.8% during the first quarter. Gamco Investors INC. ET AL now owns 277,075 shares of the company’s stock worth $3,530,000 after purchasing an additional 2,200 shares in the last quarter. Knott David M Jr acquired a new position in shares of Brightstar Lottery during the first quarter worth $32,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Brightstar Lottery by 2.1% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 132,704 shares of the company’s stock worth $1,691,000 after purchasing an additional 2,750 shares in the last quarter. 44.33% of the stock is 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.