BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Update

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 31,449 shares, a growth of 282.4% from the January 15th total of 8,225 shares. Based on an average trading volume of 2,191 shares, the short-interest ratio is currently 14.4 days. Based on an average trading volume of 2,191 shares, the short-interest ratio is currently 14.4 days.

BrightSpring Health Services Trading Down 1.0%

NASDAQ:BTSGU opened at $131.71 on Wednesday. The business’s 50-day simple moving average is $128.13 and its 200-day simple moving average is $107.62. BrightSpring Health Services has a fifty-two week low of $56.77 and a fifty-two week high of $137.07.

BrightSpring Health Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, February 1st. Shareholders of record on Thursday, January 15th were paid a $0.8438 dividend. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $3.38 dividend on an annualized basis and a yield of 2.6%.

Institutional Investors Weigh In On BrightSpring Health Services

Several large investors have recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in BrightSpring Health Services in the 2nd quarter valued at $99,696,000. Wolverine Asset Management LLC raised its stake in shares of BrightSpring Health Services by 92.5% in the 2nd quarter. Wolverine Asset Management LLC now owns 435,663 shares of the company’s stock valued at $35,969,000 after purchasing an additional 209,297 shares during the period. Aequim Alternative Investments LP raised its stake in shares of BrightSpring Health Services by 13.2% in the 2nd quarter. Aequim Alternative Investments LP now owns 1,290,000 shares of the company’s stock valued at $106,490,000 after purchasing an additional 150,000 shares during the period. Norges Bank bought a new stake in shares of BrightSpring Health Services in the second quarter valued at about $5,780,000. Finally, BlueCrest Capital Management Ltd boosted its position in shares of BrightSpring Health Services by 40.3% during the second quarter. BlueCrest Capital Management Ltd now owns 236,886 shares of the company’s stock worth $19,555,000 after buying an additional 68,087 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BrightSpring Health Services in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

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.