Boston Partners Invests $324,000 in Brilliant Earth Group, Inc. (NASDAQ:BRLT)

Boston Partners bought a new stake in Brilliant Earth Group, Inc. (NASDAQ:BRLT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 154,376 shares of the company’s stock, valued at approximately $324,000. Boston Partners owned approximately 0.16% of Brilliant Earth Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Klingman & Associates LLC acquired a new stake in Brilliant Earth Group in the fourth quarter valued at approximately $193,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Brilliant Earth Group in the fourth quarter valued at $128,000. Impact Investors Inc acquired a new stake in Brilliant Earth Group during the 4th quarter valued at $103,000. Finally, Orion Capital Management LLC increased its stake in Brilliant Earth Group by 166.0% during the 3rd quarter. Orion Capital Management LLC now owns 13,300 shares of the company’s stock worth $28,000 after buying an additional 8,300 shares during the period. 70.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on BRLT. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 price objective on shares of Brilliant Earth Group in a research report on Thursday, March 13th. Jefferies Financial Group downgraded Brilliant Earth Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $4.00 to $1.60 in a report on Tuesday, February 4th.

Insider Transactions at Brilliant Earth Group

In related news, insider Sharon Dziesietnik sold 20,792 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1.50, for a total transaction of $31,188.00. Following the sale, the insider now directly owns 371,329 shares of the company’s stock, valued at approximately $556,993.50. This represents a 5.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 84.70% of the company’s stock.

Brilliant Earth Group Price Performance

Shares of BRLT stock opened at $1.48 on Monday. The firm has a market cap of $145.86 million, a P/E ratio of 49.35 and a beta of 1.62. The firm has a fifty day moving average of $1.60 and a two-hundred day moving average of $1.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.80 and a quick ratio of 2.27. Brilliant Earth Group, Inc. has a 1-year low of $1.25 and a 1-year high of $3.12.

About Brilliant Earth Group

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. The company’s product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. It sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.