Gamco Investors INC. ET AL Makes New $4.26 Million Investment in Brightstar Lottery $BRSL

Gamco Investors INC. ET AL bought a new position in Brightstar Lottery (NYSE:BRSL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 274,875 shares of the company’s stock, valued at approximately $4,255,000.

Separately, Gabelli Funds LLC purchased a new position in Brightstar Lottery in the 4th quarter worth approximately $7,388,000. 44.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BRSL has been the topic of a number of research reports. Weiss Ratings lowered shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. Stifel Nicolaus restated a “buy” rating and set a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday, May 13th. Truist Financial cut their price target on shares of Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a report on Wednesday, May 13th. Jefferies Financial Group cut their price target on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, April 6th. Finally, Susquehanna cut their price target on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $14.92.

Brightstar Lottery Stock Up 0.5%

NYSE:BRSL opened at $10.67 on Thursday. The stock has a fifty day simple moving average of $12.50. The firm has a market capitalization of $1.99 billion, a P/E ratio of 12.85 and a beta of 1.04. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 1.79. Brightstar Lottery has a 52 week low of $10.42 and a 52 week high of $18.57.

Brightstar Lottery (NYSE:BRSL) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The business had revenue of $587.00 million during the quarter. Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.Brightstar Lottery’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts expect that Brightstar Lottery will post 0.79 EPS for the current year.

Brightstar Lottery Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th will be paid a $0.23 dividend. The ex-dividend date is Thursday, May 28th. This represents a $0.92 annualized dividend and a dividend yield of 8.6%. Brightstar Lottery’s payout ratio is 110.84%.

Brightstar Lottery Company 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.