BSIG Stock Summary and Trading Ideas (Brightsphere Investment Group | NYSE:BSIG)

BrightSphere Investment Group Inc is a diversified, multi-boutique asset management company. The company's diverse affiliates offer alpha-generating investment products to investors around the world. Its reportable segment includes Quant and Solutions, which comprises versatile, tailored strategies that leverage data and technology in a computational, factor-based investment process across a range of asset classes in developed and emerging markets, including non-U.S. and small-cap equities, as well as managed volatility, ESG, multi-asset, equity alternatives, and long/short strategies. Its affiliates offer products in the U.S, international and emerging markets equities; U.S. fixed income; and alternative investments, including timber and secondary Funds.

Brightsphere Investment Group trades on the NYSE stock market under the symbol BSIG.

As of May 9, 2024, BSIG stock price climbed to $22.65 with 3,891 million shares trading.

BSIG has a beta of 1.13, meaning it tends to be more sensitive to market movements. BSIG has a correlation of 0.24 to the broad based SPY ETF.

BSIG has a market cap of $857.48 million. This is considered a Small Cap stock.

Last quarter Brightsphere Investment Group reported $105 million in Revenue and $.44 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.09.

In the last 3 years, BSIG stock traded as high as $31.17 and as low as $14.73.

The top ETF exchange traded funds that BSIG belongs to (by Net Assets): IJR, VTI, IWM, VXF, FNDA.

BSIG has underperformed the market in the last year with a price return of +1.2% while the SPY ETF gained +27.1%. However, in the short term, BSIG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.0% vs +4.3% return in SPY. But in the last 2 weeks, BSIG shares have been beat by the market, returning -1.9% compared to an SPY return of +2.5%.

BSIG support price is $22.22 and resistance is $22.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BSIG stock will trade within this expected range on the day.