Klingman & Associates LLC Boosts Holdings in Brilliant Earth Group, Inc. $BRLT

Klingman & Associates LLC increased its holdings in Brilliant Earth Group, Inc. (NASDAQ:BRLT) by 61.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,273 shares of the company’s stock after purchasing an additional 56,451 shares during the period. Klingman & Associates LLC owned 0.15% of Brilliant Earth Group worth $204,000 as of its most recent SEC filing.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BRLT shares. Cowen reissued a “hold” rating on shares of Brilliant Earth Group in a report on Friday, August 8th. Wall Street Zen raised Brilliant Earth Group to a “strong-buy” rating in a report on Saturday, September 20th. Zacks Research raised Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. B. Riley assumed coverage on Brilliant Earth Group in a report on Tuesday, October 7th. They set a “buy” rating and a $3.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Brilliant Earth Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $2.20.

Brilliant Earth Group Price Performance

Shares of BRLT opened at $2.64 on Wednesday. The business’s 50 day simple moving average is $2.42 and its 200-day simple moving average is $1.80. Brilliant Earth Group, Inc. has a 1 year low of $1.25 and a 1 year high of $3.10. The stock has a market capitalization of $263.34 million, a price-to-earnings ratio of -88.00 and a beta of 1.37.

Brilliant Earth Group (NASDAQ:BRLT) last released its quarterly earnings results on Wednesday, June 12th. The company reported $0.03 earnings per share for the quarter. Brilliant Earth Group had a negative return on equity of 1.57% and a net margin of 0.44%.The company had revenue of $97.70 million for the quarter. On average, sell-side analysts expect that Brilliant Earth Group, Inc. will post -0.02 earnings per share for the current year.

Brilliant Earth Group Announces Dividend

The business also recently declared a dividend, which was paid on Monday, September 8th. Investors of record on Friday, August 22nd were issued a dividend of $0.25 per share. The ex-dividend date was Friday, August 22nd.

About Brilliant Earth Group

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. The company’s product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. It sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.