GSA Capital Partners LLP Makes New Investment in Brightstar Lottery $BRSL

GSA Capital Partners LLP acquired a new position in Brightstar Lottery (NYSE:BRSL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 62,314 shares of the company’s stock, valued at approximately $965,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. ProShare Advisors LLC purchased a new stake in Brightstar Lottery in the 4th quarter worth approximately $297,000. HighTower Advisors LLC purchased a new stake in Brightstar Lottery in the 4th quarter worth approximately $4,541,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Brightstar Lottery in the 4th quarter worth approximately $2,012,000. Gamco Investors INC. ET AL purchased a new stake in Brightstar Lottery in the 4th quarter worth approximately $4,255,000. Finally, Gabelli Funds LLC purchased a new stake in Brightstar Lottery in the 4th quarter worth approximately $7,388,000. Hedge funds and other institutional investors own 44.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BNP Paribas Exane assumed coverage on Brightstar Lottery in a report on Thursday, May 14th. They issued a “neutral” rating and a $12.60 price objective for the company. Weiss Ratings cut 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 issued a $19.00 target price (down from $20.00) on shares of Brightstar Lottery in a research note on Wednesday, May 13th. Zacks Research upgraded Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Truist Financial lowered their target price on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $14.92.

Brightstar Lottery Stock Up 1.2%

BRSL opened at $11.19 on Friday. The stock has a market cap of $2.09 billion, a PE ratio of 13.48 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. The company has a 50 day moving average price of $12.43. Brightstar Lottery has a 52 week low of $10.42 and a 52 week high of $18.57.

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). The firm had revenue of $587.00 million during the quarter. Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. Brightstar Lottery’s revenue was up .7% on a year-over-year basis. Equities analysts anticipate that Brightstar Lottery will post 0.79 EPS for the current year.

Brightstar Lottery Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, May 28th. This represents a $0.92 dividend on an annualized basis and a yield of 8.2%. Brightstar Lottery’s payout ratio is presently 110.84%.

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.