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

Brightstar Lottery (NYSE:BRSL) declared a quarterly dividend on Thursday, July 30th. Investors of record on Tuesday, August 18th will be paid a dividend of 0.23 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Tuesday, August 18th.

Brightstar Lottery Trading Up 0.9%

NYSE:BRSL opened at $11.79 on Friday. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 9.07 and a beta of 1.03. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.00 and a current ratio of 1.10. The company has a 50-day moving average price of $11.01. Brightstar Lottery has a 12-month low of $9.90 and a 12-month high of $18.57.

Brightstar Lottery (NYSE:BRSL) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The business had revenue of $584.00 million during the quarter. Brightstar Lottery had a net margin of 10.05% and a return on equity of 10.47%. On average, equities research analysts forecast that Brightstar Lottery will post 0.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brightstar Lottery

Several hedge funds have recently modified their holdings of BRSL. Nomura Asset Management Co. Ltd. acquired a new position in Brightstar Lottery during the fourth quarter worth approximately $31,000. NewEdge Advisors LLC acquired a new position in shares of Brightstar Lottery in the 4th quarter valued at $32,000. Gamco Investors INC. ET AL boosted its holdings in shares of Brightstar Lottery by 0.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 277,075 shares of the company’s stock valued at $3,530,000 after purchasing an additional 2,200 shares during the last quarter. Knott David M Jr purchased a new stake in shares of Brightstar Lottery during the 1st quarter valued at $32,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Brightstar Lottery by 2.1% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 132,704 shares of the company’s stock valued at $1,691,000 after buying an additional 2,750 shares during the period. 44.33% of the stock is owned by institutional investors and hedge funds.

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.