U.S. Capital Wealth Advisors LLC Invests $128,000 in Brilliant Earth Group, Inc. (NASDAQ:BRLT)

U.S. Capital Wealth Advisors LLC bought a new position in shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) during the fourth quarter, Holdings Channel reports. The fund bought 61,000 shares of the company’s stock, valued at approximately $128,000.

Separately, Renaissance Technologies LLC raised its position in Brilliant Earth Group by 9.2% during the second quarter. Renaissance Technologies LLC now owns 118,200 shares of the company’s stock valued at $262,000 after buying an additional 10,000 shares during the period. 70.41% of the stock is currently owned by hedge funds and other institutional investors.

Brilliant Earth Group Stock Performance

Shares of BRLT stock opened at $1.58 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.80 and a quick ratio of 2.27. Brilliant Earth Group, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.34. The stock’s 50-day moving average is $1.94 and its two-hundred day moving average is $1.95. The firm has a market cap of $155.71 million, a P/E ratio of 52.68 and a beta of 1.58.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BRLT shares. Jefferies Financial Group lowered Brilliant Earth Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $4.00 to $1.60 in a research report on Tuesday. Telsey Advisory Group lowered Brilliant Earth Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $3.00 to $2.00 in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $2.40.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. The company’s product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. It sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.