Bristow Group Inc. $VTOL Holdings Lessened by Clayton Partners LLC

Clayton Partners LLC trimmed its stake in Bristow Group Inc. (NYSE:VTOL) by 5.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 319,634 shares of the company’s stock after selling 16,816 shares during the period. Bristow Group comprises 8.2% of Clayton Partners LLC’s investment portfolio, making the stock its biggest holding. Clayton Partners LLC owned approximately 1.11% of Bristow Group worth $11,705,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Bristow Group in the 2nd quarter valued at approximately $25,000. Clearstead Advisors LLC grew its holdings in shares of Bristow Group by 1,450.7% in the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock valued at $39,000 after purchasing an additional 1,001 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Bristow Group by 1,645.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock valued at $41,000 after purchasing an additional 1,053 shares in the last quarter. Strs Ohio acquired a new position in shares of Bristow Group in the first quarter valued at approximately $44,000. Finally, Wolverine Asset Management LLC grew its holdings in shares of Bristow Group by 121.4% in the fourth quarter. Wolverine Asset Management LLC now owns 1,824 shares of the company’s stock valued at $67,000 after purchasing an additional 1,000 shares in the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research cut shares of Bristow Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Bristow Group Trading Down 1.6%

Shares of Bristow Group stock opened at $42.46 on Thursday. The company has a fifty day simple moving average of $44.89 and a 200-day simple moving average of $43.06. Bristow Group Inc. has a 12-month low of $31.75 and a 12-month high of $50.38. The company has a current ratio of 2.15, a quick ratio of 1.79 and a debt-to-equity ratio of 0.69. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 11.06 and a beta of 1.22.

Bristow Group (NYSE:VTOL) last issued its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.57). Bristow Group had a net margin of 7.51% and a return on equity of 11.10%. The company had revenue of $388.71 million during the quarter, compared to analyst estimates of $383.68 million. On average, equities analysts forecast that Bristow Group Inc. will post 3.87 EPS for the current fiscal year.

Bristow Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.125 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. Bristow Group’s dividend payout ratio is presently 13.02%.

Insiders Place Their Bets

In related news, Director Lorin L. Brass sold 1,000 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the sale, the director owned 17,455 shares in the company, valued at $785,475. This represents a 5.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 13.40% of the stock is currently owned by corporate insiders.

Bristow Group Company Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.