Klingman & Associates LLC Purchases Shares of 91,822 Brilliant Earth Group, Inc. (NASDAQ:BRLT)

Klingman & Associates LLC purchased a new stake in shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 91,822 shares of the company’s stock, valued at approximately $193,000. Klingman & Associates LLC owned 0.09% of Brilliant Earth Group at the end of the most recent quarter.

Separately, Orion Capital Management LLC grew its position in Brilliant Earth Group by 166.0% during the third quarter. Orion Capital Management LLC now owns 13,300 shares of the company’s stock valued at $28,000 after acquiring an additional 8,300 shares during the period. 70.41% of the stock is owned by hedge funds and other institutional investors.

Brilliant Earth Group Trading Down 1.4 %

Shares of BRLT opened at $1.40 on Thursday. The stock’s 50-day moving average is $1.87 and its two-hundred day moving average is $1.90. The stock has a market cap of $137.97 million, a PE ratio of 46.68 and a beta of 1.58. Brilliant Earth Group, Inc. has a 12 month low of $1.25 and a 12 month high of $3.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.80 and a quick ratio of 2.27.

Insiders Place Their Bets

In related news, insider Sharon Dziesietnik sold 20,792 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1.50, for a total value of $31,188.00. Following the transaction, the insider now owns 371,329 shares in the company, valued at approximately $556,993.50. The trade was a 5.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 84.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BRLT. Telsey Advisory Group downgraded Brilliant Earth Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $3.00 to $2.00 in a research report on Thursday, December 19th. Jefferies Financial Group cut Brilliant Earth Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $4.00 to $1.60 in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2.40.

About Brilliant Earth Group

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