Brightstar Lottery Declares Quarterly Dividend of $0.23 (NYSE:BRSL)

Brightstar Lottery (NYSE:BRSL) announced a quarterly dividend on Tuesday, February 24th. Investors of record on Tuesday, March 10th will be paid a dividend of 0.23 per share on Tuesday, March 24th. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, March 10th.

Brightstar Lottery Price Performance

Shares of NYSE:BRSL opened at $13.43 on Friday. The company has a market capitalization of $2.51 billion, a P/E ratio of 17.67 and a beta of 1.07. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 2.55. Brightstar Lottery has a one year low of $12.76 and a one year high of $18.57.

Brightstar Lottery (NYSE:BRSL) last issued its earnings results on Tuesday, February 24th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $668.00 million for the quarter. Brightstar Lottery had a net margin of 5.85% and a return on equity of 9.81%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 EPS.

Institutional Investors Weigh In On Brightstar Lottery

Several large investors have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. bought a new stake in Brightstar Lottery in the fourth quarter worth approximately $31,000. NewEdge Advisors LLC bought a new position in shares of Brightstar Lottery during the 4th quarter worth approximately $32,000. Empowered Funds LLC acquired a new stake in shares of Brightstar Lottery during the 4th quarter worth approximately $57,000. Quadrant Capital Group LLC acquired a new stake in shares of Brightstar Lottery during the 4th quarter worth approximately $60,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Brightstar Lottery in the 4th quarter valued at $74,000. Institutional investors and hedge funds own 44.33% of the company’s stock.

About Brightstar Lottery

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.