Thompson Siegel & Walmsley LLC Invests $4.27 Million in Brightstar Lottery $BRSL

Thompson Siegel & Walmsley LLC bought a new position in shares of Brightstar Lottery (NYSE:BRSL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 275,820 shares of the company’s stock, valued at approximately $4,270,000. Thompson Siegel & Walmsley LLC owned about 0.14% of Brightstar Lottery as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. bought a new stake in shares of Brightstar Lottery during the fourth quarter worth $31,000. PNC Financial Services Group Inc. bought a new stake in shares of Brightstar Lottery during the fourth quarter worth $93,000. Global Retirement Partners LLC bought a new stake in shares of Brightstar Lottery during the fourth quarter worth $106,000. Covestor Ltd bought a new stake in shares of Brightstar Lottery during the fourth quarter worth $124,000. Finally, ProShare Advisors LLC bought a new stake in shares of Brightstar Lottery during the fourth quarter worth $297,000. Institutional investors own 44.33% of the company’s stock.

Wall Street Analyst Weigh In

BRSL has been the subject of a number of recent research reports. BNP Paribas Exane initiated coverage on Brightstar Lottery in a research report on Thursday, May 14th. They set a “neutral” rating and a $12.60 target price for the company. Jefferies Financial Group dropped their target price on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Zacks Research downgraded Brightstar Lottery from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Truist Financial dropped their price objective on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a report on Wednesday, May 13th. Finally, Weiss Ratings downgraded Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.92.

Brightstar Lottery Trading Down 2.3%

NYSE BRSL opened at $11.32 on Wednesday. The firm has a 50-day moving average of $12.25. The company has a market capitalization of $2.11 billion, a P/E ratio of 13.63 and a beta of 1.00. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 1.79. Brightstar Lottery has a 12 month low of $10.42 and a 12 month high of $18.57.

Brightstar Lottery (NYSE:BRSL) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The company 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%. The firm’s quarterly revenue was up .7% on a year-over-year basis. As a group, sell-side analysts predict that Brightstar Lottery will post 0.79 earnings per share for the current fiscal year.

Brightstar Lottery Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Thursday, May 28th. Brightstar Lottery’s dividend payout ratio is currently 110.84%.

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.