Denali Advisors LLC Buys 2,909 Shares of BrightSphere Investment Group Inc. (NYSE:BSIG)

Denali Advisors LLC raised its stake in shares of BrightSphere Investment Group Inc. (NYSE:BSIG) by 1.9% in the 2nd quarter, Holdings Channel reports. The firm owned 160,000 shares of the company’s stock after purchasing an additional 2,909 shares during the quarter. Denali Advisors LLC’s holdings in BrightSphere Investment Group were worth $3,547,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BSIG. Renaissance Technologies LLC grew its holdings in BrightSphere Investment Group by 297.9% during the 2nd quarter. Renaissance Technologies LLC now owns 154,000 shares of the company’s stock worth $3,414,000 after acquiring an additional 115,300 shares during the period. Dimensional Fund Advisors LP grew its holdings in BrightSphere Investment Group by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,126,772 shares of the company’s stock worth $24,980,000 after acquiring an additional 4,399 shares during the period. American Century Companies Inc. grew its holdings in BrightSphere Investment Group by 5.6% during the 2nd quarter. American Century Companies Inc. now owns 50,729 shares of the company’s stock worth $1,125,000 after acquiring an additional 2,693 shares during the period. Quest Partners LLC acquired a new stake in BrightSphere Investment Group during the 2nd quarter worth about $147,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in BrightSphere Investment Group by 67.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,802 shares of the company’s stock worth $195,000 after acquiring an additional 3,561 shares during the period. 98.69% of the stock is owned by institutional investors.

BrightSphere Investment Group Price Performance

Shares of BSIG opened at $25.03 on Tuesday. The stock has a 50-day moving average of $23.82 and a 200-day moving average of $23.02. The company has a market cap of $927.86 million, a PE ratio of 15.26 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 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. The company had revenue of $109.00 million during the quarter, compared to the consensus estimate of $104.72 million. BrightSphere Investment Group had a return on equity of 871.33% and a net margin of 15.00%. During the same period last year, the business posted $0.28 EPS. Analysts expect that BrightSphere Investment Group Inc. will post 2.31 EPS for the current fiscal year.

BrightSphere Investment Group Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, September 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.16%. BrightSphere Investment Group’s dividend payout ratio is presently 2.44%.

Wall Street Analysts Forecast Growth

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

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.