Bristow Group Inc. (NYSE:VTOL) Shares Set to Pay Quarterly Dividend of $0.12

Key Points

• Bristow Group declared a quarterly dividend of $0.125 per share, payable November 27 to shareholders of record on November 13. The annualized dividend is $0.50 per share, yielding approximately 1.2%.
• VTOL shares opened at $41.97, with a market capitalization of $1.24 billion and a 52-week trading range of $35.03 to $50.38.
• The company’s latest quarterly EPS of $0.70 missed analyst expectations of $0.89, although revenue of $411.75 million exceeded the $407.28 million consensus estimate. Insiders sold 53,858 shares worth about $2.43 million over the past 90 days.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 13th will be given a dividend of $0.1250 per share on Friday, November 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, November 13th.

Bristow Group Stock Up 1.3%

Shares of NYSE:VTOL opened at $41.97 on Friday. The company's fifty day moving average is $41.97 and its 200-day moving average is $43.96. The company has a market capitalization of $1.24 billion, a PE ratio of 12.10 and a beta of 1.23. Bristow Group has a 52 week low of $35.03 and a 52 week high of $50.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 2.26.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.19). Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. The business had revenue of $411.75 million during the quarter, compared to the consensus estimate of $407.28 million. Equities research analysts predict that Bristow Group will post 3.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Bristow Group

In other news, COO Stuart Stavley sold 10,218 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $46.20, for a total transaction of $472,071.60. Following the sale, the chief operating officer owned 64,740 shares in the company, valued at $2,990,988. This represents a 13.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lorin Brass sold 3,000 shares of the stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $42.42, for a total transaction of $127,260.00. Following the completion of the sale, the director owned 14,223 shares of the company's stock, valued at approximately $603,339.66. This represents a 17.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 53,858 shares of company stock worth $2,431,989 over the last ninety days. 12.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VTOL. Sage Rhino Capital LLC raised its holdings in shares of Bristow Group by 13.0% in the third quarter. Sage Rhino Capital LLC now owns 31,696 shares of the company's stock valued at $1,291,000 after purchasing an additional 3,635 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Bristow Group by 188.5% in the third quarter. Inspire Investing LLC now owns 15,662 shares of the company's stock worth $638,000 after buying an additional 10,234 shares in the last quarter. Vest Financial LLC boosted its stake in Bristow Group by 100.0% during the third quarter. Vest Financial LLC now owns 90,211 shares of the company's stock valued at $3,673,000 after buying an additional 45,105 shares during the period. GAMMA Investing LLC grew its stake in Bristow Group by 56.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,782 shares of the company's stock worth $73,000 after buying an additional 642 shares in the last quarter. Finally, Engineers Gate Manager LP increased its position in shares of Bristow Group by 17.4% during the 2nd quarter. Engineers Gate Manager LP now owns 6,160 shares of the company's stock valued at $255,000 after purchasing an additional 914 shares during the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

About Bristow Group

Bristow Group Inc NYSE: VTOL is a provider of aviation services, specializing in helicopter transportation and support for the offshore energy industry, government agencies and other commercial customers. The company operates helicopters and fixed-wing aircraft to transport personnel and equipment, support offshore installations and provide specialized aviation services.

Bristow's government services include search-and-rescue operations, emergency response and aviation support conducted under long-term contracts.

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