BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Sees Large Decline in Short Interest

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 2,345 shares, a decrease of 97.7% from the August 31st total of 101,011 shares. Based on an average daily trading volume, of 21,750 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of BrightSpring Health Services in a report on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, BrightSpring Health Services currently has a consensus rating of “Hold”.

BrightSpring Health Services Stock Performance

BrightSpring Health Services stock opened at $185.07 on Friday. BrightSpring Health Services has a 52-week low of $91.86 and a 52-week high of $255.51. The firm has a 50 day moving average price of $204.38 and a two-hundred day moving average price of $189.94.

BrightSpring Health Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, November 1st. Investors of record on Thursday, October 15th will be paid a dividend of $0.8438 per share. This is a boost from BrightSpring Health Services’s previous quarterly dividend of $0.8437. This represents a $3.38 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 15th.

Institutional Trading of BrightSpring Health Services

An institutional investor recently bought a new position in BrightSpring Health Services stock. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,500 shares of the company’s stock, valued at approximately $213,000.

BrightSpring Health Services Company Profile

BrightSpring Health Services is a leading provider of home and community-based health and support services in the United States. The company specializes in delivering a continuum of care that spans behavioral health, intellectual and developmental disability support, home health care, and respite services. By integrating clinical and non-clinical offerings, BrightSpring seeks to improve patient outcomes, enhance quality of life, and support family caregivers.

Through its behavioral health division, BrightSpring offers individualized therapy, counseling, and crisis intervention for children, adolescents, and adults experiencing mental health challenges.