Insider Selling: Bristow Group (NYSE:VTOL) Insider Sells $16,211.00 in Stock

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 377 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $43.00, for a total value of $16,211.00. Following the completion of the transaction, the insider directly owned 2,841,333 shares of the company’s stock, valued at approximately $122,177,319. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Alternative Asset Manage Solus also recently made the following trade(s):

• On Wednesday, September 23rd, Alternative Asset Manage Solus sold 897 shares of Bristow Group stock. The shares were sold at an average price of $43.00, for a total value of $38,571.00.
• On Monday, September 14th, Alternative Asset Manage Solus sold 3,000 shares of Bristow Group stock. The shares were sold at an average price of $43.03, for a total value of $129,090.00.
• On Friday, September 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The stock was sold at an average price of $43.00, for a total value of $215,000.00.
• On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The stock was sold at an average price of $45.75, for a total value of $1,875.75.
• On Wednesday, September 2nd, Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock. The shares were sold at an average price of $45.68, for a total transaction of $550,215.60.
• On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The shares were sold at an average price of $45.85, for a total transaction of $687,750.00.

Bristow Group Trading Up 0.8%

Bristow Group stock opened at $42.62 on Friday. Bristow Group Inc. has a 1 year low of $35.03 and a 1 year high of $50.38. The firm’s 50 day moving average price is $44.58 and its 200-day moving average price is $44.48. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85. The stock has a market cap of $1.26 billion, a P/E ratio of 12.28 and a beta of 1.19.

Bristow Group (NYSE:VTOL) last issued its earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). The company had revenue of $411.75 million for the quarter, compared to the consensus estimate of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. On average, equities analysts predict that Bristow Group Inc. will post 3.31 earnings per share for the current fiscal year.

Bristow Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 14th. Bristow Group’s dividend payout ratio is 14.41%.

Institutional Investors Weigh In On Bristow Group

Several large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Bristow Group during the second quarter valued at $162,017,000. Dimensional Fund Advisors LP increased its holdings in shares of Bristow Group by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,753,392 shares of the company’s stock worth $82,212,000 after buying an additional 45,874 shares during the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of Bristow Group in the 4th quarter worth about $25,613,000. Algert Global LLC raised its position in shares of Bristow Group by 17.1% during the 2nd quarter. Algert Global LLC now owns 410,059 shares of the company’s stock valued at $16,944,000 after buying an additional 59,858 shares in the last quarter. Finally, Fearnley Asset Management AS purchased a new stake in shares of Bristow Group during the 4th quarter valued at about $16,942,000. Institutional investors own 93.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

About Bristow Group

Bristow Group Inc is a provider of helicopter and aviation services for government and commercial customers. The company transports personnel and equipment, supports offshore energy operations, and provides aviation solutions in challenging or remote environments. Its services include helicopter transportation, search-and-rescue operations, aircraft maintenance, and aviation logistics.

Bristow serves the offshore energy industry, including oil and gas companies and other offshore operators.