Wolverine Asset Management LLC Reduces Stock Position in BrightSpring Health Services, Inc. $BTSGU

Wolverine Asset Management LLC reduced its holdings in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 7.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 516,211 shares of the company’s stock after selling 38,774 shares during the period. BrightSpring Health Services makes up 0.5% of Wolverine Asset Management LLC’s portfolio, making the stock its 24th largest holding. Wolverine Asset Management LLC’s holdings in BrightSpring Health Services were worth $65,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BTSGU. Goldman Sachs Group Inc. purchased a new position in shares of BrightSpring Health Services in the 1st quarter worth $3,575,000. JPMorgan Chase & Co. grew its stake in shares of BrightSpring Health Services by 69.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock worth $3,627,000 after buying an additional 17,994 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of BrightSpring Health Services by 11.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 164,260 shares of the company’s stock worth $13,560,000 after buying an additional 16,302 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of BrightSpring Health Services in the 2nd quarter worth $870,000. Finally, Van ECK Associates Corp grew its stake in shares of BrightSpring Health Services by 2.1% in the 3rd quarter. Van ECK Associates Corp now owns 244,150 shares of the company’s stock worth $24,681,000 after buying an additional 4,999 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of BrightSpring Health Services in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

BrightSpring Health Services Stock Performance

BrightSpring Health Services stock opened at $174.16 on Monday. The firm has a 50-day moving average price of $145.05 and a 200-day moving average price of $130.45. BrightSpring Health Services, Inc. has a 12-month low of $68.14 and a 12-month high of $181.15.

BrightSpring Health Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were issued a $0.8438 dividend. This represents a $3.38 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Wednesday, April 15th.

BrightSpring Health Services 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.