91,822 Shares in Brilliant Earth Group, Inc. (NASDAQ:BRLT) Purchased by Klingman & Associates LLC

Klingman & Associates LLC purchased a new position in Brilliant Earth Group, Inc. (NASDAQ:BRLT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 91,822 shares of the company’s stock, valued at approximately $193,000.

Separately, U.S. Capital Wealth Advisors LLC acquired a new position in shares of Brilliant Earth Group in the fourth quarter worth about $128,000. Institutional investors own 70.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. 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. Telsey Advisory Group lowered Brilliant Earth Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $3.00 to $2.00 in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $2.40.

Insider Activity

In other 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 84.70% of the company’s stock.

Brilliant Earth Group Stock Down 1.4 %

NASDAQ:BRLT opened at $1.40 on Thursday. The firm has a market capitalization of $137.97 million, a PE ratio of 46.68 and a beta of 1.58. The stock has a 50 day moving average of $1.87 and a 200-day moving average of $1.90. Brilliant Earth Group, Inc. has a 52 week low of $1.25 and a 52 week high of $3.21. The company has a current ratio of 2.80, a quick ratio of 2.27 and a debt-to-equity ratio of 0.49.

Brilliant Earth Group 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.