Insider Selling: Bristow Group (NYSE:VTOL) Insider Sells $550,215.60 in Stock

Key Points

• Insider selling: Alternative Asset Manage Solus sold 12,045 Bristow Group shares for $550,215.60, reducing its position by 0.42% while retaining approximately 2.85 million shares.
• Stock and earnings: VTOL fell 3.1% to $43.80, while quarterly EPS of $0.70 missed analyst expectations of $0.89 despite revenue exceeding estimates.
• Dividend and outlook: Bristow paid a quarterly dividend of $0.125 per share, representing a 1.1% yield. Analysts maintain a “Moderate Buy” consensus with a $60 target price.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) insider Alternative Asset Manage Solus sold 12,045 shares of the business's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $45.68, for a total transaction of $550,215.60. Following the transaction, the insider directly owned 2,849,751 shares in the company, valued at approximately $130,176,625.68. The trade was a 0.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Alternative Asset Manage Solus also recently made the following trade(s):

• On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The shares were sold at an average price of $45.75, for a total transaction of $1,875.75.
• On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The shares were sold at an average price of $45.85, for a total value of $687,750.00.

Bristow Group Trading Down 3.1%

NYSE VTOL traded down $1.39 during trading hours on Thursday, reaching $43.80. The company had a trading volume of 276,005 shares, compared to its average volume of 223,627. The company has a current ratio of 2.26, a quick ratio of 1.85 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.30 billion, a P/E ratio of 12.62 and a beta of 1.19. The stock has a 50-day moving average of $44.58 and a 200 day moving average of $44.86. Bristow Group Inc. has a 1-year low of $35.03 and a 1-year high of $50.38.

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

Bristow Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 14th. Bristow Group's dividend payout ratio (DPR) is currently 14.41%.

Analyst Ratings Changes

Several research firms recently issued reports on VTOL. Weiss Ratings reiterated a "buy (b)" rating on shares of Bristow Group in a report on Friday, May 29th. Wall Street Zen cut Bristow Group from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Zacks Research upgraded shares of Bristow Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 7th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in Bristow Group during the 2nd quarter worth $27,000. Nykredit A S acquired a new stake in Bristow Group in the 2nd quarter valued at about $27,000. Raymond James Financial Inc. acquired a new stake in Bristow Group in the 2nd quarter valued at about $25,000. Allworth Financial LP acquired a new stake in Bristow Group in the 2nd quarter valued at about $43,000. Finally, Clearstead Advisors LLC boosted its stake in shares of Bristow Group by 1,450.7% in the 4th quarter. Clearstead Advisors LLC now owns 1,070 shares of the company's stock valued at $39,000 after buying an additional 1,001 shares during the period. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Bristow Group Company Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow's operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world's most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.

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