Brookfield Wealth Solutions Ltd. (NYSE:BNT) Short Interest Update

Key Points

• Short interest fell sharply by 54.8% to 121,071 shares as of July 31, representing 0.0% of shares outstanding and a 4.8-day days-to-cover ratio.
• BNT shares traded at $43.90, near their 50-day moving average, while the company reported quarterly EPS of $0.07, up from $0.06 a year earlier.
• The company declared a $0.07-per-share dividend payable September 29, though its 107.69% payout ratio exceeds earnings; analysts maintain an overall “Hold” rating.

Brookfield Wealth Solutions Ltd. (NYSE:BNT - Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 121,071 shares, a decrease of 54.8% from the July 15th total of 267,875 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 25,403 shares, the days-to-cover ratio is currently 4.8 days.

Brookfield Wealth Solutions Price Performance

Shares of BNT stock traded down $1.13 during trading on Friday, hitting $43.90. The company had a trading volume of 4,611 shares, compared to its average volume of 20,682. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.29. The stock's 50-day moving average is $43.87 and its two-hundred day moving average is $44.40. The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 168.85 and a beta of 1.49. Brookfield Wealth Solutions has a 52 week low of $40.06 and a 52 week high of $49.86.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.07 earnings per share for the quarter. Brookfield Wealth Solutions had a net margin of 0.15% and a return on equity of 0.10%. During the same period in the prior year, the company earned $0.06 EPS.

Brookfield Wealth Solutions Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, September 14th. Brookfield Wealth Solutions's dividend payout ratio (DPR) is 107.69%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BNT. Moerus Capital Management LLC raised its position in Brookfield Wealth Solutions by 22.2% during the fourth quarter. Moerus Capital Management LLC now owns 1,187 shares of the company's stock valued at $55,000 after purchasing an additional 216 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Brookfield Wealth Solutions by 8.8% during the second quarter. Russell Investments Group Ltd. now owns 4,773 shares of the company's stock worth $294,000 after purchasing an additional 388 shares during the last quarter. Bruni J V & Co. Co. boosted its holdings in shares of Brookfield Wealth Solutions by 6.3% in the 4th quarter. Bruni J V & Co. Co. now owns 7,155 shares of the company's stock worth $329,000 after purchasing an additional 422 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Brookfield Wealth Solutions by 203.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 837 shares of the company's stock worth $35,000 after purchasing an additional 561 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Brookfield Wealth Solutions by 45.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,978 shares of the company's stock valued at $91,000 after purchasing an additional 615 shares during the last quarter. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Brookfield Wealth Solutions from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, May 18th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold".

About Brookfield Wealth Solutions

Brookfield Wealth Solutions is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of insurance products and services, including annuities, personal and commercial property and casualty insurance and life insurance.The company was incorporated in 2020 and is headquartered in Pembroke, Bermuda.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source