BB Seguridade Participações S.A. (OTCMKTS:BBSEY) Short Interest Update

BB Seguridade Participações S.A. (OTCMKTS:BBSEY) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 153,400 shares, a decrease of 41.7% from the March 15th total of 262,900 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 159,600 shares, the short-interest ratio is presently 1.0 days.

Analyst Ratings Changes

Separately, UBS Group cut shares of BB Seguridade Participações from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 8th.

BB Seguridade Participações Trading Up 0.7 %

Shares of BBSEY stock opened at $7.05 on Friday. BB Seguridade Participações has a 12-month low of $5.38 and a 12-month high of $7.43. The business’s 50 day moving average is $6.95 and its two-hundred day moving average is $6.39. The company has a market capitalization of $14.10 billion, a P/E ratio of 8.49, a P/E/G ratio of 1.51 and a beta of 0.65.

BB Seguridade Participações (OTCMKTS:BBSEY) last released its quarterly earnings results on Monday, February 17th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $448.84 million for the quarter. BB Seguridade Participações had a net margin of 85.43% and a return on equity of 73.91%. On average, research analysts predict that BB Seguridade Participações will post 0.71 earnings per share for the current fiscal year.

BB Seguridade Participações Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 13th. Investors of record on Friday, February 28th were issued a $0.3978 dividend. This is a boost from BB Seguridade Participações’s previous dividend of $0.21. The ex-dividend date of this dividend was Friday, February 28th. BB Seguridade Participações’s payout ratio is presently 86.75%.

About BB Seguridade Participações

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.