Brilliant Earth Group, Inc. (NASDAQ:BRLT) Announces $0.25 Dividend

Key Points

• Brilliant Earth Group, Inc. has declared a dividend of $0.25 per share, payable on September 8th to stockholders of record as of August 22nd.
• The company's stock, trading under the NASDAQ:BRLT ticker, has experienced a price increase of 0.7%, reaching an opening value of $2.1650.
• Brilliant Earth Group specializes in designing and selling diamonds, gemstones, and jewelry, primarily through an omnichannel sales platform.

Brilliant Earth Group, Inc. (NASDAQ:BRLT - Get Free Report) announced a dividend on Thursday, August 7th, NASDAQ Dividends reports. Shareholders of record on Friday, August 22nd will be paid a dividend of 0.25 per share on Monday, September 8th. The ex-dividend date of this dividend is Friday, August 22nd.

Brilliant Earth Group Price Performance

Shares of NASDAQ BRLT traded down $0.15 during mid-day trading on Friday, hitting $2.11. The company's stock had a trading volume of 266,629 shares, compared to its average volume of 3,253,857. The stock has a market cap of $210.47 million, a price-to-earnings ratio of -70.33 and a beta of 1.35. Brilliant Earth Group has a one year low of $1.25 and a one year high of $2.73. The company's fifty day simple moving average is $1.60 and its 200-day simple moving average is $1.52.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in Brilliant Earth Group during the 4th quarter worth approximately $25,000. XTX Topco Ltd bought a new position in Brilliant Earth Group during the 4th quarter worth approximately $38,000. Millennium Management LLC bought a new position in Brilliant Earth Group during the 4th quarter worth approximately $65,000. Mariner LLC bought a new position in Brilliant Earth Group during the 4th quarter worth approximately $105,000. Finally, Northern Trust Corp boosted its stake in Brilliant Earth Group by 64.0% during the 4th quarter. Northern Trust Corp now owns 73,024 shares of the company's stock worth $153,000 after acquiring an additional 28,505 shares during the last quarter. Institutional investors own 70.41% of the company's stock.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. The company's product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. It sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.