Impact Investors Inc Purchases Shares of 49,148 Brilliant Earth Group, Inc. (NASDAQ:BRLT)

Impact Investors Inc bought a new position in Brilliant Earth Group, Inc. (NASDAQ:BRLT) during the fourth quarter, Holdings Channel.com reports. The fund bought 49,148 shares of the company’s stock, valued at approximately $103,000.

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

Insider Activity

In other Brilliant Earth Group news, insider Sharon Dziesietnik sold 20,792 shares of the firm’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 value of $31,188.00. Following the sale, the insider now owns 371,329 shares of the company’s stock, valued at $556,993.50. This trade represents a 5.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 84.70% of the stock is currently owned by company insiders.

Brilliant Earth Group Stock Performance

Shares of BRLT opened at $1.41 on Wednesday. The company has a market capitalization of $138.96 million, a PE ratio of 47.02 and a beta of 1.58. 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 one year low of $1.25 and a one year high of $3.21. The company’s fifty day moving average price is $1.82 and its 200 day moving average price is $1.87.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BRLT. Telsey Advisory Group downgraded shares of Brilliant Earth Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $3.00 to $2.00 in a report on Thursday, December 19th. Jefferies Financial Group lowered Brilliant Earth Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $4.00 to $1.60 in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $2.40.

Brilliant Earth Group Company Profile

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.