Victory Capital Management Inc. bought a new position in Brilliant Earth Group, Inc. (NASDAQ:BRLT – Get Rating) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 98,470 shares of the company's stock, valued at approximately $1,013,000. Victory Capital Management Inc. owned about 0.10% of Brilliant Earth Group at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC bought a new stake in shares of Brilliant Earth Group in the 4th quarter worth about $6,536,000. MYDA Advisors LLC lifted its holdings in shares of Brilliant Earth Group by 714.0% in the 4th quarter. MYDA Advisors LLC now owns 250,000 shares of the company's stock worth $4,515,000 after acquiring an additional 219,288 shares during the last quarter. Barclays PLC bought a new stake in shares of Brilliant Earth Group in the 4th quarter worth about $5,996,000. EFG Asset Management North America Corp. bought a new stake in shares of Brilliant Earth Group in the 4th quarter worth about $1,317,000. Finally, Westside Investment Management Inc. bought a new stake in shares of Brilliant Earth Group in the 4th quarter worth about $53,000. Institutional investors own 8.90% of the company's stock.
Get Brilliant Earth Group alerts:Brilliant Earth Group Trading Down 1.1 %
NASDAQ:BRLT opened at $8.12 on Tuesday. Brilliant Earth Group, Inc. has a one year low of $3.60 and a one year high of $20.39. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.65 and a current ratio of 1.92. The firm has a market cap of $773.12 million and a P/E ratio of 50.75. The firm has a 50-day simple moving average of $5.44 and a 200-day simple moving average of $7.48.
Brilliant Earth Group (NASDAQ:BRLT – Get Rating) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. Brilliant Earth Group had a net margin of 2.87% and a return on equity of 29.26%. Equities analysts anticipate that Brilliant Earth Group, Inc. will post 0.17 EPS for the current fiscal year.Insider Transactions at Brilliant Earth Group
In other news, Director Ian Bickley acquired 20,000 shares of the business's stock in a transaction dated Friday, May 27th. The shares were purchased at an average price of $4.53 per share, with a total value of $90,600.00. Following the transaction, the director now directly owns 50,000 shares in the company, valued at $226,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Analyst Ratings Changes
BRLT has been the subject of a number of research analyst reports. Piper Sandler lowered shares of Brilliant Earth Group from an "overweight" rating to a "neutral" rating in a report on Friday, July 22nd. KeyCorp lifted their price objective on shares of Brilliant Earth Group from $8.00 to $10.00 and gave the company an "overweight" rating in a report on Friday. Cowen decreased their price objective on shares of Brilliant Earth Group from $21.00 to $10.00 in a report on Friday, May 13th. Credit Suisse Group decreased their price objective on shares of Brilliant Earth Group from $13.00 to $10.00 and set an "outperform" rating for the company in a report on Friday. Finally, Raymond James initiated coverage on shares of Brilliant Earth Group in a report on Wednesday, June 29th. They set an "outperform" rating and a $10.00 price objective for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $13.44.
Brilliant Earth Group Company Profile
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Brilliant Earth Group, Inc engages in the design, procurement, and retail sale of diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry.
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