DGS Capital Management LLC Increases Position in BrightSphere Investment Group Inc. (NYSE:BSIG)

DGS Capital Management LLC lifted its holdings in shares of BrightSphere Investment Group Inc. (NYSE:BSIG) by 14.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,929 shares of the company’s stock after purchasing an additional 2,894 shares during the quarter. DGS Capital Management LLC owned about 0.06% of BrightSphere Investment Group worth $524,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in BrightSphere Investment Group by 29.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,885 shares of the company’s stock worth $94,000 after buying an additional 1,106 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of BrightSphere Investment Group by 16.3% during the 3rd quarter. Federated Hermes Inc. now owns 9,846 shares of the company’s stock valued at $191,000 after buying an additional 1,383 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in BrightSphere Investment Group by 20.8% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 12,600 shares of the company’s stock valued at $241,000 after acquiring an additional 2,171 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of BrightSphere Investment Group in the 4th quarter valued at about $310,000. Finally, Summit Global Investments purchased a new position in BrightSphere Investment Group in the fourth quarter valued at approximately $344,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

BrightSphere Investment Group Price Performance

BrightSphere Investment Group stock opened at $21.78 on Friday. BrightSphere Investment Group Inc. has a 12-month low of $15.23 and a 12-month high of $23.63. The company has a market capitalization of $822.41 million, a price-to-earnings ratio of 13.28 and a beta of 1.46. The firm’s fifty day moving average price is $22.53 and its 200 day moving average price is $21.74.

BrightSphere Investment Group (NYSE:BSIG) last released its earnings results on Thursday, May 2nd. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.10. The firm had revenue of $105.70 million during the quarter, compared to analyst estimates of $101.32 million. BrightSphere Investment Group had a net margin of 15.53% and a return on equity of 438.16%. Analysts forecast that BrightSphere Investment Group Inc. will post 2.22 earnings per share for the current fiscal year.

BrightSphere Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.18%. BrightSphere Investment Group’s dividend payout ratio is presently 2.44%.

Analyst Ratings Changes

Separately, StockNews.com raised BrightSphere Investment Group from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd.

BrightSphere Investment Group 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.