Brilliant Earth Group, Inc. (NASDAQ:BRLT) Short Interest Down 13.8% in February

Brilliant Earth Group, Inc. (NASDAQ:BRLT) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 63,200 shares, a decline of 13.8% from the January 31st total of 73,300 shares. Based on an average daily trading volume, of 89,000 shares, the short-interest ratio is presently 0.7 days. Approximately 0.5% of the shares of the stock are short sold.

Brilliant Earth Group Stock Up 3.0 %

Shares of Brilliant Earth Group stock opened at $1.38 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.80 and a quick ratio of 2.27. The company has a 50-day moving average of $1.74 and a 200 day moving average of $1.84. The firm has a market cap of $136.00 million, a price-to-earnings ratio of 46.02 and a beta of 1.58. Brilliant Earth Group has a 1 year low of $1.25 and a 1 year high of $3.21.

Insiders Place Their Bets

In other news, insider Sharon Dziesietnik sold 20,792 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1.50, for a total value of $31,188.00. Following the completion of the sale, the insider now owns 371,329 shares of the company’s stock, valued at approximately $556,993.50. This represents a 5.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 84.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BRLT. Boston Partners bought a new position in shares of Brilliant Earth Group in the 4th quarter worth about $324,000. Klingman & Associates LLC bought a new position in shares of Brilliant Earth Group in the 4th quarter worth about $193,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Brilliant Earth Group in the 4th quarter worth about $128,000. Mariner LLC bought a new position in shares of Brilliant Earth Group in the 4th quarter worth about $105,000. Finally, Impact Investors Inc bought a new position in shares of Brilliant Earth Group in the 4th quarter worth about $103,000. 70.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BRLT shares. Jefferies Financial Group cut shares of Brilliant Earth Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $4.00 to $1.60 in a research report on Tuesday, February 4th. Telsey Advisory Group reissued a “market perform” rating and set a $2.00 price target on shares of Brilliant Earth Group in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.