Insider Selling: Bristow Group (NYSE:VTOL) Insider Sells 5,000 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 5,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $43.00, for a total transaction of $215,000.00. Following the transaction, the insider owned 2,844,710 shares in the company, valued at $122,322,530. The trade was a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Alternative Asset Manage Solus also recently made the following trade(s):

• On Monday, September 14th, Alternative Asset Manage Solus sold 3,000 shares of Bristow Group stock. The shares were sold at an average price of $43.03, for a total transaction of $129,090.00.
• On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The stock was sold at an average price of $45.75, for a total value of $1,875.75.
• On Wednesday, September 2nd, Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock. The shares were sold at an average price of $45.68, for a total value of $550,215.60.
• On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The stock was sold at an average price of $45.85, for a total value of $687,750.00.

Bristow Group Stock Up 0.7%

NYSE:VTOL traded up $0.28 during midday trading on Tuesday, reaching $42.21. The company had a trading volume of 286,899 shares, compared to its average volume of 224,455. The stock’s fifty day simple moving average is $44.85 and its 200-day simple moving average is $44.71. The company has a current ratio of 2.26, a quick ratio of 1.85 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 12.17 and a beta of 1.19. Bristow Group Inc. has a 12-month low of $35.03 and a 12-month high of $50.38.

Bristow Group (NYSE:VTOL) last posted its earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.19). The firm had revenue of $411.75 million during the quarter, compared to analysts’ expectations of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. On average, sell-side analysts anticipate that Bristow Group Inc. will post 3.31 earnings per share for the current fiscal year.

Bristow Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 14th. Bristow Group’s dividend payout ratio (DPR) is 14.41%.

Hedge Funds Weigh In On Bristow Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in VTOL. BlackRock Inc. bought a new position in shares of Bristow Group during the second quarter valued at $162,017,000. Dimensional Fund Advisors LP grew its holdings in shares of Bristow Group by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,753,392 shares of the company’s stock worth $82,212,000 after purchasing an additional 45,874 shares during the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of Bristow Group in the 4th quarter worth about $25,613,000. Fearnley Asset Management AS acquired a new stake in shares of Bristow Group during the 4th quarter worth about $16,942,000. Finally, Algert Global LLC increased its position in shares of Bristow Group by 17.1% during the 2nd quarter. Algert Global LLC now owns 410,059 shares of the company’s stock worth $16,944,000 after purchasing an additional 59,858 shares in the last quarter. 93.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Zacks Research raised shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Bristow Group currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

About Bristow Group

Bristow Group Inc is a provider of helicopter and aviation services for government and commercial customers. The company transports personnel and equipment, supports offshore energy operations, and provides aviation solutions in challenging or remote environments. Its services include helicopter transportation, search-and-rescue operations, aircraft maintenance, and aviation logistics.

Bristow serves the offshore energy industry, including oil and gas companies and other offshore operators.