Royce & Associates LP Buys Shares of 1,607,713 Brightstar Lottery $BRSL

Royce & Associates LP bought a new stake in shares of Brightstar Lottery (NYSE:BRSL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,607,713 shares of the company’s stock, valued at approximately $24,887,000. Royce & Associates LP owned 0.80% of Brightstar Lottery as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gabelli Funds LLC acquired a new position in Brightstar Lottery during the 4th quarter valued at about $7,388,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Brightstar Lottery during the 4th quarter valued at about $2,012,000. Gamco Investors INC. ET AL acquired a new position in Brightstar Lottery during the 4th quarter valued at about $4,255,000. Mizuho Markets Cayman LP acquired a new position in Brightstar Lottery during the 4th quarter valued at about $2,605,000. Finally, GSA Capital Partners LLP acquired a new position in Brightstar Lottery during the 4th quarter valued at about $965,000. 44.33% of the stock is owned by institutional investors and hedge funds.

Brightstar Lottery Price Performance

NYSE BRSL opened at $11.02 on Wednesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.88 and a quick ratio of 0.84. The stock has a 50 day simple moving average of $12.37. Brightstar Lottery has a 12 month low of $10.42 and a 12 month high of $18.57. The company has a market cap of $2.06 billion, a P/E ratio of 13.28 and a beta of 1.04.

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

Brightstar Lottery Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Thursday, May 28th. Brightstar Lottery’s payout ratio is presently 110.84%.

Analyst Upgrades and Downgrades

BRSL has been the subject of a number of analyst reports. BNP Paribas Exane initiated coverage on shares of Brightstar Lottery in a research note on Thursday, May 14th. They set a “neutral” rating and a $12.60 target price for the company. Truist Financial reduced their target price on shares of Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a research note on Wednesday, May 13th. Susquehanna reduced their price target on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a research note on Thursday, May 14th. 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. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $14.92.

About Brightstar Lottery

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.