C M Bidwell & Associates Ltd. Invests $77,000 in BRP Inc. (NASDAQ:DOOO)

C M Bidwell & Associates Ltd. bought a new stake in shares of BRP Inc. (NASDAQ:DOOO) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,505 shares of the company’s stock, valued at approximately $77,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC grew its stake in shares of BRP by 296.1% in the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock worth $61,000 after purchasing an additional 903 shares during the last quarter. Intact Investment Management Inc. bought a new position in shares of BRP in the fourth quarter valued at $148,000. Public Employees Retirement System of Ohio bought a new stake in shares of BRP during the 3rd quarter worth $178,000. Quantbot Technologies LP grew its holdings in shares of BRP by 9.7% in the 3rd quarter. Quantbot Technologies LP now owns 3,827 shares of the company’s stock worth $228,000 after acquiring an additional 337 shares during the last quarter. Finally, Vestcor Inc raised its position in shares of BRP by 285.9% during the fourth quarter. Vestcor Inc now owns 13,090 shares of the company’s stock worth $666,000 after purchasing an additional 9,698 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Citigroup reissued a “sell” rating and issued a $27.00 price target (down previously from $29.00) on shares of BRP in a research note on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.40.

BRP Trading Down 4.1 %

NASDAQ:DOOO opened at $34.00 on Monday. The stock has a market cap of $2.48 billion, a PE ratio of 18.09 and a beta of 2.03. BRP Inc. has a fifty-two week low of $33.05 and a fifty-two week high of $75.59. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The stock’s 50-day moving average is $42.54 and its two-hundred day moving average is $49.41.

BRP (NASDAQ:DOOO) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.07. BRP had a net margin of 2.29% and a return on equity of 61.20%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.97 billion. As a group, equities research analysts forecast that BRP Inc. will post 3.15 earnings per share for the current fiscal year.

BRP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be paid a $0.1508 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.77%. This is an increase from BRP’s previous quarterly dividend of $0.15. BRP’s payout ratio is -29.21%.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.