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

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. Stockholders 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 Stock Performance

Shares of Brilliant Earth Group stock traded up $0.0750 on Monday, hitting $2.1850. The company had a trading volume of 174,154 shares, compared to its average volume of 461,341. The stock has a market capitalization of $217.95 million, a price-to-earnings ratio of -72.83 and a beta of 1.35. Brilliant Earth Group has a 1 year low of $1.25 and a 1 year high of $2.73. The stock has a 50 day moving average of $1.60 and a 200-day moving average of $1.51.

Hedge Funds Weigh In On Brilliant Earth Group

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in shares of Brilliant Earth Group in the fourth quarter worth $25,000. XTX Topco Ltd bought a new position in shares of Brilliant Earth Group in the fourth quarter worth $38,000. Millennium Management LLC bought a new position in shares of Brilliant Earth Group in the fourth quarter worth $65,000. Mariner LLC bought a new position in shares of Brilliant Earth Group in the fourth quarter worth $105,000. Finally, Northern Trust Corp boosted its holdings in shares of Brilliant Earth Group by 64.0% in the fourth 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 period. 70.41% of the stock is owned by institutional investors.

About Brilliant Earth Group

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.