Algert Global LLC Has $3.42 Million Stock Position in BrightSphere Investment Group Inc. (NYSE:BSIG)

Algert Global LLC trimmed its holdings in shares of BrightSphere Investment Group Inc. (NYSE:BSIG) by 3.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,440 shares of the company’s stock after selling 5,764 shares during the period. Algert Global LLC owned approximately 0.41% of BrightSphere Investment Group worth $3,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Maverick Capital Ltd. acquired a new position in BrightSphere Investment Group during the second quarter valued at $1,204,000. AQR Capital Management LLC grew its stake in BrightSphere Investment Group by 28.9% in the second quarter. AQR Capital Management LLC now owns 103,690 shares of the company’s stock valued at $2,299,000 after purchasing an additional 23,232 shares in the last quarter. Marshall Wace LLP purchased a new position in BrightSphere Investment Group in the second quarter valued at about $1,870,000. Denali Advisors LLC grew its stake in BrightSphere Investment Group by 1.9% in the second quarter. Denali Advisors LLC now owns 160,000 shares of the company’s stock valued at $3,547,000 after purchasing an additional 2,909 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in BrightSphere Investment Group by 297.9% in the second quarter. Renaissance Technologies LLC now owns 154,000 shares of the company’s stock valued at $3,414,000 after purchasing an additional 115,300 shares in the last quarter. 98.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded BrightSphere Investment Group from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd.

BrightSphere Investment Group Price Performance

Shares of NYSE BSIG opened at $25.40 on Tuesday. The business’s 50-day moving average price is $24.11 and its two-hundred day moving average price is $23.22. The company has a market capitalization of $941.58 million, a P/E ratio of 15.49 and a beta of 1.42. BrightSphere Investment Group Inc. has a one year low of $15.23 and a one year high of $26.57.

BrightSphere Investment Group (NYSE:BSIG) last issued its earnings results on Thursday, August 1st. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. BrightSphere Investment Group had a return on equity of 871.33% and a net margin of 15.00%. The business had revenue of $109.00 million during the quarter, compared to analysts’ expectations of $104.72 million. During the same period in the prior year, the firm posted $0.28 EPS. On average, equities analysts anticipate that BrightSphere Investment Group Inc. will post 2.31 EPS for the current year.

BrightSphere Investment Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.04 dividend on an annualized basis and a yield of 0.16%. BrightSphere Investment Group’s dividend payout ratio is 2.44%.

BrightSphere Investment Group Company Profile

BrightSphere Investment Group Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.