Mizuho Markets Cayman LP Buys 79,261 Shares of Brightstar Lottery $BRSL

Mizuho Markets Cayman LP increased its position in shares of Brightstar Lottery (NYSE:BRSL) by 47.1% during the first quarter, Holdings Channel reports. The institutional investor owned 247,561 shares of the company’s stock after purchasing an additional 79,261 shares during the quarter. Mizuho Markets Cayman LP’s holdings in Brightstar Lottery were worth $3,154,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BRSL. Gabelli Funds LLC bought a new stake in shares of Brightstar Lottery in the 4th quarter worth approximately $7,388,000. Gamco Investors INC. ET AL acquired a new stake in shares of Brightstar Lottery during the 4th quarter worth approximately $4,255,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $2,012,000. HighTower Advisors LLC bought a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $4,541,000. Finally, ProShare Advisors LLC acquired a new position in shares of Brightstar Lottery in the fourth quarter valued at $297,000. 44.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BRSL has been the subject of several research reports. Susquehanna reduced their target price on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a research report on Thursday, May 14th. Stifel Nicolaus restated a “buy” rating and issued a $19.00 price objective (down from $20.00) on shares of Brightstar Lottery in a research note on Wednesday, May 13th. Jefferies Financial Group reduced their price objective on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, April 6th. Truist Financial decreased their target price on shares of Brightstar Lottery from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Brightstar Lottery in a research note on Wednesday, July 1st. They issued a “buy” rating and a $15.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.77.

Brightstar Lottery Price Performance

Shares of BRSL stock opened at $10.46 on Thursday. The company has a fifty day moving average of $11.10. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 1.79. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 12.60 and a beta of 1.00. Brightstar Lottery has a one year low of $10.41 and a one year high of $18.57.

Brightstar Lottery (NYSE:BRSL) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.The firm’s revenue was up .7% compared to the same quarter last year. On average, research analysts anticipate that Brightstar Lottery will post 0.4 earnings per share for the current year.

Brightstar Lottery Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.92 annualized dividend and a dividend yield of 8.8%. Brightstar Lottery’s dividend payout ratio is presently 110.84%.

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.