BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Update

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 2,969 shares, a drop of 42.8% from the April 15th total of 5,195 shares. Based on an average daily trading volume, of 58,646 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of BrightSpring Health Services in a research note on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat, BrightSpring Health Services has an average rating of “Hold”.

Institutional Investors Weigh In On BrightSpring Health Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTSGU. Virtus Advisers LLC bought a new stake in BrightSpring Health Services during the 4th quarter valued at about $25,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in BrightSpring Health Services during the 1st quarter valued at about $213,000. Jane Street Group LLC lifted its holdings in BrightSpring Health Services by 88.4% during the 4th quarter. Jane Street Group LLC now owns 4,946 shares of the company’s stock valued at $624,000 after buying an additional 2,321 shares in the last quarter. Morningstar Investment Management LLC bought a new stake in BrightSpring Health Services during the 3rd quarter valued at about $829,000. Finally, Goldman Sachs Group Inc. bought a new stake in BrightSpring Health Services during the 1st quarter valued at about $3,575,000.

BrightSpring Health Services Price Performance

Shares of BrightSpring Health Services stock traded down $1.57 during trading on Monday, hitting $190.56. The stock had a trading volume of 885 shares, compared to its average volume of 28,620. The firm’s fifty day simple moving average is $153.32 and its 200-day simple moving average is $135.17. BrightSpring Health Services has a 12 month low of $68.14 and a 12 month high of $194.57.

BrightSpring Health Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were issued a $0.8438 dividend. This represents a $3.38 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, April 15th.

About BrightSpring Health Services

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.