Kestrel Investment Management Corp Sells 12,300 Shares of BrightSphere Investment Group Inc. (NYSE:BSIG)

Kestrel Investment Management Corp decreased its position in BrightSphere Investment Group Inc. (NYSE:BSIG) by 16.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 63,781 shares of the company’s stock after selling 12,300 shares during the period. Kestrel Investment Management Corp owned about 0.15% of BrightSphere Investment Group worth $1,222,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. DGS Capital Management LLC boosted its holdings in BrightSphere Investment Group by 49.2% in the fourth quarter. DGS Capital Management LLC now owns 20,035 shares of the company’s stock valued at $384,000 after acquiring an additional 6,603 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in BrightSphere Investment Group in the fourth quarter valued at $310,000. Impax Asset Management Group plc boosted its holdings in BrightSphere Investment Group by 10.5% in the fourth quarter. Impax Asset Management Group plc now owns 1,048,818 shares of the company’s stock valued at $20,095,000 after acquiring an additional 100,000 shares in the last quarter. Denali Advisors LLC boosted its holdings in BrightSphere Investment Group by 47.3% in the fourth quarter. Denali Advisors LLC now owns 78,744 shares of the company’s stock valued at $1,509,000 after acquiring an additional 25,298 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in BrightSphere Investment Group by 6.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 20,134 shares of the company’s stock valued at $386,000 after acquiring an additional 1,249 shares in the last quarter. Institutional investors own 98.69% of the company’s stock.

BrightSphere Investment Group Stock Up 1.3 %

Shares of BSIG stock traded up $0.30 during mid-day trading on Friday, reaching $23.00. 174,227 shares of the company’s stock traded hands, compared to its average volume of 318,394. BrightSphere Investment Group Inc. has a 12 month low of $15.23 and a 12 month high of $23.80. The company has a market cap of $878.83 million, a P/E ratio of 14.45 and a beta of 1.49. The company’s 50-day moving average price is $22.52 and its 200-day moving average price is $19.90.

BrightSphere Investment Group (NYSE:BSIG) last announced its earnings results on Thursday, February 1st. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.19. BrightSphere Investment Group had a net margin of 15.42% and a return on equity of 400.00%. The firm had revenue of $131.20 million for the quarter, compared to analysts’ expectations of $127.57 million. Equities analysts predict that BrightSphere Investment Group Inc. will post 2.18 earnings per share for the current year.

BrightSphere Investment Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.17%. The ex-dividend date was Thursday, March 14th. BrightSphere Investment Group’s dividend payout ratio is presently 2.58%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Morgan Stanley lifted their price target on shares of BrightSphere Investment Group from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, January 19th. Royal Bank of Canada restated an “outperform” rating and set a $24.00 target price on shares of BrightSphere Investment Group in a report on Friday, February 2nd. Finally, TheStreet upgraded shares of BrightSphere Investment Group from a “d+” rating to a “c-” rating in a report on Thursday, January 25th.

Insider Transactions at BrightSphere Investment Group

In other news, CEO Suren Rana sold 109,960 shares of BrightSphere Investment Group stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $20.74, for a total value of $2,280,570.40. Following the completion of the transaction, the chief executive officer now owns 130,967 shares of the company’s stock, valued at approximately $2,716,255.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 24.90% of the stock is owned by insiders.

BrightSphere Investment Group Profile

BrightSphere Investment Group Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.