Gabelli Funds LLC Takes $7.39 Million Position in Brightstar Lottery $BRSL

Gabelli Funds LLC acquired a new stake in Brightstar Lottery (NYSE:BRSL) in the fourth quarter, Holdings Channel.com reports. The fund acquired 477,266 shares of the company’s stock, valued at approximately $7,388,000.

Brightstar Lottery Trading Up 0.5%

NYSE BRSL opened at $10.67 on Thursday. The firm has a market cap of $1.99 billion, a PE ratio of 12.85 and a beta of 1.04. The stock’s 50 day simple moving average is $12.50. Brightstar Lottery has a 12-month low of $10.42 and a 12-month high of $18.57. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.88 and a quick ratio of 0.84.

Brightstar Lottery (NYSE:BRSL) last issued its earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The business had revenue of $587.00 million for the quarter. Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.The firm’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts forecast that Brightstar Lottery will post 0.79 earnings per share for the current fiscal year.

Brightstar Lottery Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be issued a $0.23 dividend. The ex-dividend date is Thursday, May 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.6%. Brightstar Lottery’s dividend payout ratio is currently 110.84%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BRSL shares. BNP Paribas Exane started coverage on Brightstar Lottery in a report on Thursday, May 14th. They issued a “neutral” rating and a $12.60 target price for the company. Jefferies Financial Group decreased their price target on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, April 6th. Weiss Ratings downgraded Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. Truist Financial decreased their price target on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a report on Wednesday, May 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Brightstar Lottery presently has a consensus rating of “Hold” and an average target price of $14.92.

Brightstar Lottery Profile

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.