Short Interest in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Declines By 42.8%

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 2,969 shares, a drop of 42.8% from the April 15th total of 5,195 shares. Based on an average trading volume of 58,646 shares, the short-interest ratio is currently 0.1 days.

BrightSpring Health Services Price Performance

NASDAQ:BTSGU traded up $5.79 during trading hours on Friday, hitting $192.21. 6,147 shares of the company traded hands, compared to its average volume of 28,938. The firm’s 50-day simple moving average is $153.32 and its 200-day simple moving average is $135.03. BrightSpring Health Services has a one year low of $68.14 and a one year high of $192.13.

BrightSpring Health Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.8438 per share. The ex-dividend date was Wednesday, April 15th. This represents a $3.38 annualized dividend and a yield of 1.8%.

Institutional Investors Weigh In On BrightSpring Health Services

A number of hedge funds have recently made changes to their positions in BTSGU. Goldman Sachs Group Inc. bought a new stake in shares of BrightSpring Health Services during the 1st quarter worth $3,575,000. JPMorgan Chase & Co. lifted its holdings in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 valued at $13,560,000 after buying an additional 16,302 shares in the last quarter. Jane Street Group LLC purchased a new position in BrightSpring Health Services during the 2nd quarter valued at about $870,000. Finally, Van ECK Associates Corp grew its holdings in BrightSpring Health Services by 2.1% during the 3rd quarter. Van ECK Associates Corp now owns 244,150 shares of the company’s stock valued at $24,681,000 after buying an additional 4,999 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, According to data from MarketBeat.com, BrightSpring Health Services presently 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.