Brightstar Lottery (NYSE:BRSL) to Issue $0.23 Quarterly Dividend

Brightstar Lottery (NYSE:BRSL) announced a quarterly dividend on Thursday, May 7th. Investors of record on Thursday, May 28th will be given a dividend of 0.23 per share on Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, May 28th.

Brightstar Lottery Trading Down 0.1%

Brightstar Lottery stock opened at $11.19 on Tuesday. Brightstar Lottery has a 12 month low of $10.42 and a 12 month high of $18.57. The company has a 50 day moving average price of $12.40. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $2.09 billion, a P/E ratio of 13.48 and a beta of 1.04.

Brightstar Lottery (NYSE:BRSL) last released its earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). The business had revenue of $587.00 million for the quarter. Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.Brightstar Lottery’s revenue was up .7% compared to the same quarter last year. As a group, equities research analysts predict that Brightstar Lottery will post 0.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brightstar Lottery

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gabelli Funds LLC purchased a new stake in shares of Brightstar Lottery in the 4th quarter valued at $7,388,000. Gamco Investors INC. ET AL acquired a new stake in Brightstar Lottery during the fourth quarter worth about $4,255,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Brightstar Lottery during the fourth quarter worth about $2,012,000. HighTower Advisors LLC acquired a new stake in shares of Brightstar Lottery during the fourth quarter valued at about $4,541,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Brightstar Lottery during the fourth quarter worth $297,000. Hedge funds and other institutional investors own 44.33% of the company’s stock.

About Brightstar Lottery

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.