Denali Advisors LLC Has $3.55 Million Position in BrightSphere Investment Group Inc. (NYSE:BSIG)

Denali Advisors LLC increased its stake in shares of BrightSphere Investment Group Inc. (NYSE:BSIG) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,000 shares of the company’s stock after buying an additional 2,909 shares during the quarter. Denali Advisors LLC owned about 0.42% of BrightSphere Investment Group worth $3,547,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. acquired a new stake in BrightSphere Investment Group during the first quarter worth approximately $853,000. Trexquant Investment LP bought a new stake in BrightSphere Investment Group during the fourth quarter worth $744,000. Jennison Associates LLC lifted its stake in BrightSphere Investment Group by 29.4% during the first quarter. Jennison Associates LLC now owns 759,391 shares of the company’s stock worth $17,344,000 after purchasing an additional 172,318 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in BrightSphere Investment Group by 61.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 77,216 shares of the company’s stock worth $1,756,000 after purchasing an additional 29,302 shares during the last quarter. Finally, Azora Capital LP lifted its stake in BrightSphere Investment Group by 4.4% during the fourth quarter. Azora Capital LP now owns 2,115,143 shares of the company’s stock worth $40,526,000 after purchasing an additional 88,859 shares during the last quarter. Institutional investors and hedge funds own 98.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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

BrightSphere Investment Group Price Performance

NYSE BSIG opened at $25.03 on Tuesday. The business has a fifty day moving average price of $23.82 and a two-hundred day moving average price of $23.02. BrightSphere Investment Group Inc. has a fifty-two week low of $15.23 and a fifty-two week high of $26.57. The stock has a market capitalization of $927.86 million, a PE ratio of 15.26 and a beta of 1.42.

BrightSphere Investment Group (NYSE:BSIG) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.45 EPS for the quarter, beating 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 company 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 company earned $0.28 EPS. As a group, sell-side analysts expect that BrightSphere Investment Group Inc. will post 2.31 earnings per share for the current year.

BrightSphere Investment Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date is Friday, September 13th. BrightSphere Investment Group’s 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.