BrightSpring Health Services (NASDAQ:BTSGU) Shares Up 1.2% – What’s Next?

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSGU) were up 1.2% on Friday . The company traded as high as $63.47 and last traded at $63.58. Approximately 620 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 68,521 shares. The stock had previously closed at $62.83.

BrightSpring Health Services Stock Up 1.2 %

The firm has a 50 day moving average price of $71.90 and a 200-day moving average price of $64.86.

BrightSpring Health Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Wednesday, January 15th were given a dividend of $0.8438 per share. This represents a $3.38 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date was Wednesday, January 15th.

Institutional Trading of BrightSpring Health Services

Several institutional investors and hedge funds have recently bought and sold shares of BTSGU. Invesco Ltd. purchased a new position in shares of BrightSpring Health Services during the 4th quarter valued at about $1,127,000. JPMorgan Chase & Co. grew its holdings in BrightSpring Health Services by 314.3% during the fourth quarter. JPMorgan Chase & Co. now owns 29,437 shares of the company’s stock worth $1,843,000 after acquiring an additional 22,331 shares during the period. BlueCrest Capital Management Ltd raised its position in BrightSpring Health Services by 710.2% during the third quarter. BlueCrest Capital Management Ltd now owns 56,244 shares of the company’s stock valued at $3,135,000 after acquiring an additional 49,302 shares in the last quarter. Susquehanna Advisors Group Inc. acquired a new position in BrightSpring Health Services in the fourth quarter valued at approximately $5,008,000. Finally, State Street Corp boosted its position in BrightSpring Health Services by 7.0% in the 3rd quarter. State Street Corp now owns 123,000 shares of the company’s stock worth $6,931,000 after purchasing an additional 8,000 shares in the last quarter.

About BrightSpring Health Services

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.