Wolverine Asset Management LLC Grows Stake in BrightSpring Health Services, Inc. $BTSGU

Wolverine Asset Management LLC boosted its stake in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 92.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 435,663 shares of the company’s stock after buying an additional 209,297 shares during the quarter. Wolverine Asset Management LLC’s holdings in BrightSpring Health Services were worth $35,969,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Linden Advisors LP raised its holdings in shares of BrightSpring Health Services by 250.0% during the first quarter. Linden Advisors LP now owns 35,000 shares of the company’s stock valued at $2,311,000 after acquiring an additional 25,000 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of BrightSpring Health Services during the first quarter worth approximately $3,575,000. Advent Capital Management DE raised its stake in BrightSpring Health Services by 20.1% in the 1st quarter. Advent Capital Management DE now owns 99,321 shares of the company’s stock valued at $6,496,000 after purchasing an additional 16,604 shares during the last quarter. Sculptor Capital LP lifted its holdings in BrightSpring Health Services by 1.5% in the 1st quarter. Sculptor Capital LP now owns 278,795 shares of the company’s stock valued at $18,122,000 after purchasing an additional 4,025 shares in the last quarter. Finally, Calamos Advisors LLC boosted its stake in BrightSpring Health Services by 0.5% during the 1st quarter. Calamos Advisors LLC now owns 302,411 shares of the company’s stock worth $19,657,000 after purchasing an additional 1,420 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BrightSpring Health Services in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

BrightSpring Health Services Trading Down 3.5%

NASDAQ:BTSGU opened at $110.82 on Friday. The company’s 50-day moving average is $96.45 and its two-hundred day moving average is $82.46. BrightSpring Health Services, Inc. has a 1-year low of $55.93 and a 1-year high of $116.44.

BrightSpring Health Services (NASDAQ:BTSGU) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.10) EPS for the quarter. The company had revenue of $2.03 billion during the quarter.

BrightSpring Health Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, November 1st. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.8438 per share. The ex-dividend date is Wednesday, October 15th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from BrightSpring Health Services’s previous quarterly dividend of $0.84.

About BrightSpring Health Services

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.