Pallas Capital Advisors LLC Takes $852,000 Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

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

Several other large investors also recently made changes to their positions in the stock. Atala Financial Inc bought a new stake in shares of Bright Horizons Family Solutions in the fourth quarter valued at about $32,000. Parallel Advisors LLC raised its stake in shares of Bright Horizons Family Solutions by 79.9% in the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after acquiring an additional 143 shares during the last quarter. Global Financial Private Client LLC boosted its stake in Bright Horizons Family Solutions by 244.2% in the first quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock worth $42,000 after purchasing an additional 232 shares in the last quarter. Tortoise Investment Management LLC raised its stake in shares of Bright Horizons Family Solutions by 76.7% in the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock worth $46,000 after acquiring an additional 181 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in Bright Horizons Family Solutions by 194.8% during the 4th quarter. Federated Hermes Inc. now owns 914 shares of the company's stock worth $101,000 after buying an additional 604 shares in the last quarter.

Insider Buying and Selling

In other news, CFO Elizabeth J. Boland sold 3,500 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $132.16, for a total value of $462,560.00. Following the transaction, the chief financial officer now owns 80,162 shares of the company's stock, valued at $10,594,209.92. This trade represents a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David H. Lissy sold 6,282 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $130.10, for a total value of $817,288.20. Following the sale, the director now directly owns 69,312 shares in the company, valued at approximately $9,017,491.20. This 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 valued at $1,726,433 over the last quarter. 1.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Bright Horizons Family Solutions Stock Down 2.0%

Shares of Bright Horizons Family Solutions stock traded down $2.51 during trading hours on Friday, reaching $122.97. The company's stock had a trading volume of 271,784 shares, compared to its average volume of 459,917. 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 stock's fifty day simple moving average is $122.85 and its two-hundred day simple moving average is $120.62. The company has a market capitalization of $7.04 billion, a P/E ratio of 51.24 and a beta of 1.33. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90.

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

Bright Horizons Family Solutions Company Profile

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.