Short Interest in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Drops By 31.2%

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 2,486 shares, a drop of 31.2% from the March 15th total of 3,611 shares. Based on an average daily volume of 30,424 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of BrightSpring Health Services in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

BrightSpring Health Services Stock Up 0.4%

Shares of BTSGU stock traded up $0.60 on Thursday, hitting $153.25. The company’s stock had a trading volume of 2,323 shares, compared to its average volume of 20,642. BrightSpring Health Services has a fifty-two week low of $56.77 and a fifty-two week high of $157.92. The firm’s fifty day moving average price is $139.50 and its 200-day moving average price is $125.79.

BrightSpring Health Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be issued a $0.8438 dividend. This represents a $3.38 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, April 15th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BTSGU. Goldman Sachs Group Inc. bought a new position in shares of BrightSpring Health Services during the 1st quarter worth about $3,575,000. JPMorgan Chase & Co. increased its holdings in shares of BrightSpring Health Services by 69.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock worth $3,627,000 after purchasing an additional 17,994 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of BrightSpring Health Services by 11.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 164,260 shares of the company’s stock worth $13,560,000 after purchasing an additional 16,302 shares during the period. Jane Street Group LLC bought a new position in shares of BrightSpring Health Services during the 2nd quarter worth about $870,000. Finally, Wolverine Asset Management LLC increased its holdings in shares of BrightSpring Health Services by 27.4% during the 3rd quarter. Wolverine Asset Management LLC now owns 554,985 shares of the company’s stock worth $56,199,000 after purchasing an additional 119,322 shares during the period.

BrightSpring Health Services Company Profile

BrightSpring Health Services is a leading provider of home and community-based health and support services in the United States. The company specializes in delivering a continuum of care that spans behavioral health, intellectual and developmental disability support, home health care, and respite services. By integrating clinical and non-clinical offerings, BrightSpring seeks to improve patient outcomes, enhance quality of life, and support family caregivers.

Through its behavioral health division, BrightSpring offers individualized therapy, counseling, and crisis intervention for children, adolescents, and adults experiencing mental health challenges.