Pallas Capital Advisors LLC Acquires Shares of 6,703 Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Pallas Capital Advisors LLC acquired a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 6,703 shares of the company's stock, valued at approximately $852,000.

A number of other institutional investors have also recently made changes to their positions in BFAM. Oppenheimer Asset Management Inc. boosted its holdings in Bright Horizons Family Solutions by 0.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company's stock worth $1,463,000 after buying an additional 96 shares in the last quarter. Bank of Montreal Can lifted its position in Bright Horizons Family Solutions by 3.6% during the fourth quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock worth $323,000 after buying an additional 101 shares in the last quarter. Accretive Wealth Partners LLC boosted its position in shares of Bright Horizons Family Solutions by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company's stock valued at $833,000 after acquiring an additional 111 shares during the last quarter. Arizona State Retirement System increased its position in Bright Horizons Family Solutions by 0.9% during the fourth quarter. Arizona State Retirement System now owns 15,161 shares of the company's stock worth $1,681,000 after purchasing an additional 129 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Bright Horizons Family Solutions by 79.9% during the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company's stock worth $41,000 after buying an additional 143 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BFAM. Morgan Stanley boosted their price target on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. BMO Capital Markets raised their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Finally, Wall Street Zen raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $138.33.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM traded down $1.17 during trading on Thursday, reaching $123.67. The company had a trading volume of 124,339 shares, compared to its average volume of 458,442. Bright Horizons Family Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market capitalization of $7.08 billion, a PE ratio of 51.53 and a beta of 1.33. The firm's fifty day moving average is $122.32 and its 200 day moving average is $120.46.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.14. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. The firm had revenue of $665.53 million for the quarter, compared to the consensus estimate of $664.34 million. During the same quarter in the previous year, the company earned $0.51 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 2,500 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $128.49, for a total value of $321,225.00. Following the completion of the transaction, the director now directly owns 20,257 shares in the company, valued at approximately $2,602,821.93. This represents a 10.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David H. Lissy sold 6,282 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $130.10, for a total value of $817,288.20. Following the sale, the director now owns 69,312 shares in the company, valued at approximately $9,017,491.20. This trade represents a 8.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,282 shares of company stock worth $1,726,433 over the last ninety days. 1.21% of the stock is currently owned by insiders.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.