Brilliant Earth Group Inc (NASDAQ:BRLT) major shareholder Just Rocks, Inc. sold 91,202 shares of the firm’s stock in a transaction on Thursday, January 13th. The shares were sold at an average price of $14.43, for a total transaction of $1,316,044.86. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
BRLT stock opened at $12.42 on Friday. Brilliant Earth Group Inc has a 12 month low of $10.63 and a 12 month high of $20.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.40 and a quick ratio of 2.15. The business’s 50-day moving average price is $16.53.
Brilliant Earth Group (NASDAQ:BRLT) last released its quarterly earnings results on Friday, November 12th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $95.20 million for the quarter, compared to analysts’ expectations of $87.10 million. The firm’s revenue was up 33.3% on a year-over-year basis. As a group, research analysts expect that Brilliant Earth Group Inc will post 0.3 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC purchased a new position in shares of Brilliant Earth Group during the 3rd quarter worth about $10,068,000. Citadel Advisors LLC purchased a new stake in Brilliant Earth Group in the 3rd quarter valued at about $6,031,000. Teacher Retirement System of Texas purchased a new stake in Brilliant Earth Group in the 3rd quarter valued at about $5,025,000. Caas Capital Management LP purchased a new stake in Brilliant Earth Group in the 3rd quarter valued at about $5,025,000. Finally, Tudor Investment Corp Et Al purchased a new stake in Brilliant Earth Group in the 3rd quarter valued at about $4,812,000. 93.58% of the stock is owned by hedge funds and other institutional investors.
Brilliant Earth Group Company Profile
Brilliant Earth Group Inc is a digital-first jewelry company. Brilliant Earth Group Inc is headquartered in San Francisco, CA.
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