Patient Capital Management LLC Has $210,000 Stock Holdings in Brilliant Earth Group, Inc. (NASDAQ:BRLT)

Patient Capital Management LLC trimmed its stake in Brilliant Earth Group, Inc. (NASDAQ:BRLT) by 58.6% in the fourth quarter, Holdings Channel reports. The firm owned 100,000 shares of the company’s stock after selling 141,445 shares during the quarter. Patient Capital Management LLC’s holdings in Brilliant Earth Group were worth $210,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in shares of Brilliant Earth Group in the 4th quarter valued at approximately $25,000. XTX Topco Ltd bought a new stake in Brilliant Earth Group during the fourth quarter worth $38,000. Millennium Management LLC acquired a new stake in Brilliant Earth Group in the fourth quarter valued at $65,000. Impact Investors Inc bought a new position in shares of Brilliant Earth Group in the 4th quarter valued at about $103,000. Finally, Mariner LLC bought a new position in shares of Brilliant Earth Group in the 4th quarter valued at about $105,000. Institutional investors and hedge funds own 70.41% of the company’s stock.

Brilliant Earth Group Stock Down 1.0%

BRLT stock opened at $1.55 on Wednesday. Brilliant Earth Group, Inc. has a 1-year low of $1.25 and a 1-year high of $2.68. The business’s 50 day simple moving average is $1.49 and its 200 day simple moving average is $1.68. The company has a current ratio of 2.80, a quick ratio of 2.27 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $154.05 million, a PE ratio of 51.68 and a beta of 1.43.

Brilliant Earth Group (NASDAQ:BRLT) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.14). The company had revenue of $93.88 million during the quarter, compared to analyst estimates of $94.42 million. Brilliant Earth Group had a net margin of 0.50% and a return on equity of 3.09%. As a group, research analysts anticipate that Brilliant Earth Group, Inc. will post -0.02 EPS for the current year.

Insider Buying and Selling

In related news, insider Sharon Dziesietnik sold 20,792 shares of Brilliant Earth Group stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1.50, for a total transaction of $31,188.00. Following the completion of the sale, the insider now directly owns 371,329 shares of the company’s stock, valued at approximately $556,993.50. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 84.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BRLT. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $2.00 target price on shares of Brilliant Earth Group in a report on Tuesday, May 6th. Jefferies Financial Group downgraded Brilliant Earth Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $4.00 to $1.60 in a research report on Tuesday, February 4th.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. The company’s product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. It sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.