Insider Selling: Bristow Group (NYSE:VTOL) Director Sells $159,380.00 in Stock

Bristow Group Inc. (NYSE:VTOL) Director Lorin Brass sold 3,250 shares of Bristow Group stock in a transaction on Friday, February 27th. The stock was sold at an average price of $49.04, for a total transaction of $159,380.00. Following the transaction, the director directly owned 18,455 shares in the company, valued at $905,033.20. This represents a 14.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bristow Group Stock Down 0.8%

VTOL opened at $44.53 on Friday. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $49.55. The firm has a market capitalization of $1.30 billion, a P/E ratio of 10.31 and a beta of 1.35. The company’s 50-day moving average is $42.80 and its 200 day moving average is $39.46. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.54.

Bristow Group (NYSE:VTOL) last posted its earnings results on Wednesday, February 25th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.46 by $0.15. Bristow Group had a net margin of 8.66% and a return on equity of 12.87%. The firm had revenue of $377.26 million for the quarter, compared to analysts’ expectations of $380.33 million.

Bristow Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, March 13th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, March 13th.

Institutional Investors Weigh In On Bristow Group

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Bristow Group during the second quarter valued at approximately $25,000. Clearstead Advisors LLC raised its position in shares of Bristow Group by 1,450.7% in the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after buying an additional 1,001 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Bristow Group by 1,645.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock valued at $41,000 after buying an additional 1,053 shares during the period. CWM LLC grew its position in Bristow Group by 208.4% during the second quarter. CWM LLC now owns 1,351 shares of the company’s stock worth $45,000 after buying an additional 913 shares in the last quarter. Finally, Strs Ohio bought a new position in Bristow Group in the 1st quarter worth about $44,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on VTOL shares. Wall Street Zen cut shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, January 21st. JonesTrading assumed coverage on Bristow Group in a research note on Friday, January 23rd. They set a “buy” rating for the company. Zacks Research raised Bristow Group to a “hold” rating in a report on Thursday, February 19th. Finally, Raymond James Financial started coverage on shares of Bristow Group in a report on Tuesday, February 17th. They set an “outperform” rating and a $60.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Bristow Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Bristow Group Company Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.