PCJ Investment Counsel Ltd. acquired a new position in BRP Inc (NASDAQ:DOOO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 162,100 shares of the company’s stock, valued at approximately $7,598,000.

Other hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in BRP in the third quarter valued at approximately $100,000. Shell Asset Management Co. acquired a new stake in shares of BRP during the third quarter worth approximately $177,000. Annex Advisory Services LLC acquired a new stake in shares of BRP during the third quarter worth approximately $272,000. CLARET ASSET MANAGEMENT Corp acquired a new stake in shares of BRP during the third quarter worth approximately $300,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of BRP during the third quarter worth approximately $300,000. Hedge funds and other institutional investors own 28.61% of the company’s stock.

DOOO has been the subject of a number of recent analyst reports. Royal Bank of Canada raised shares of BRP from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, October 9th. Canaccord Genuity reaffirmed a “buy” rating on shares of BRP in a report on Sunday. National Bank Financial reaffirmed a “buy” rating on shares of BRP in a report on Tuesday, November 27th. Zacks Investment Research downgraded shares of BRP from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, GMP Securities initiated coverage on shares of BRP in a report on Monday. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. BRP has an average rating of “Buy”.

BRP stock traded down $2.44 during mid-day trading on Thursday, reaching $30.00. The company’s stock had a trading volume of 100 shares, compared to its average volume of 37,726. BRP Inc has a twelve month low of $30.23 and a twelve month high of $55.41.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Friday, December 28th will be issued a $0.0679 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Thursday, December 27th.

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BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts.

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Institutional Ownership by Quarter for BRP (NASDAQ:DOOO)

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