Brighthouse Financial, Inc. (NASDAQ:BHFAL – Get Rating) saw a large growth in short interest in the month of December. As of December 30th, there was short interest totalling 39,500 shares, a growth of 148.4% from the December 15th total of 15,900 shares. Based on an average daily volume of 33,000 shares, the short-interest ratio is currently 1.2 days.
Hedge Funds Weigh In On Brighthouse Financial
Large investors have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. increased its stake in Brighthouse Financial by 1.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 235,953 shares of the company's stock valued at $5,939,000 after purchasing an additional 3,605 shares in the last quarter. Connectus Wealth LLC acquired a new stake in Brighthouse Financial in the third quarter valued at $2,211,000. Finally, Accel Wealth Management purchased a new position in shares of Brighthouse Financial in the second quarter valued at $25,000.
Get Brighthouse Financial alerts:Brighthouse Financial Stock Performance
Brighthouse Financial stock opened at $24.30 on Friday. The stock's 50 day moving average price is $23.84 and its 200 day moving average price is $23.88. Brighthouse Financial has a 1-year low of $21.01 and a 1-year high of $26.48.
Brighthouse Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were paid a dividend of $0.3906 per share. The ex-dividend date was Wednesday, November 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.43%.Brighthouse Financial Company Profile
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Brighthouse Financial, Inc operates as a holding company, which engages in the provision of life insurance and annuities through independent distribution channels and marketing arrangements with diverse network of distribution partners. It operates through the following segments: Annuities; Life; Run-Off; and Corporate & Others.
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