Privium Fund Management UK Ltd Invests $28,000 in Brilliant Earth Group, Inc. (NASDAQ:BRLT)

Privium Fund Management UK Ltd bought a new stake in Brilliant Earth Group, Inc. (NASDAQ:BRLT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,038 shares of the company’s stock, valued at approximately $28,000.

Separately, Avestar Capital LLC increased its position in Brilliant Earth Group by 25.0% in the 4th quarter. Avestar Capital LLC now owns 25,000 shares of the company’s stock valued at $93,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Analysts Set New Price Targets

BRLT has been the subject of a number of research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $3.00 price target on shares of Brilliant Earth Group in a research note on Thursday, August 29th. William Blair lowered Brilliant Earth Group from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th.

Brilliant Earth Group Price Performance

Shares of NASDAQ:BRLT opened at $1.86 on Wednesday. The company has a current ratio of 2.88, a quick ratio of 2.33 and a debt-to-equity ratio of 0.52. Brilliant Earth Group, Inc. has a 1 year low of $1.86 and a 1 year high of $3.81. The business has a fifty day simple moving average of $2.22 and a 200 day simple moving average of $2.49. The firm has a market cap of $182.02 million, a price-to-earnings ratio of 31.00 and a beta of 1.56.

Brilliant Earth Group (NASDAQ:BRLT) last posted its earnings results on Thursday, August 8th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. Brilliant Earth Group had a return on equity of 6.48% and a net margin of 0.57%. The company had revenue of $105.43 million for the quarter, compared to analyst estimates of $106.52 million. As a group, sell-side analysts predict that Brilliant Earth Group, Inc. will post -0.03 earnings per share for the current fiscal year.

About Brilliant Earth Group

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. The company sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.