Brighthouse Financial, Inc. (NASDAQ:BHFAM) Sees Large Drop in Short Interest
by Scott Moore · The Cerbat GemBrighthouse Financial, Inc. (NASDAQ:BHFAM – Get Free Report) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 4,204 shares, a decline of 36.5% from the November 30th total of 6,616 shares. Based on an average daily trading volume, of 51,347 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 51,347 shares, the short-interest ratio is presently 0.1 days.
Brighthouse Financial Stock Performance
Shares of BHFAM stock opened at $11.15 on Monday. Brighthouse Financial has a 12-month low of $10.21 and a 12-month high of $17.17. The firm has a 50 day moving average price of $11.57 and a two-hundred day moving average price of $12.32.
Brighthouse Financial (NASDAQ:BHFAM – Get Free Report) last announced its earnings results on Thursday, February 10th. The company reported $2.10 earnings per share for the quarter. The firm had revenue of $2.15 billion for the quarter.
Brighthouse Financial Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 10th were issued a dividend of $0.2891 per share. This is an increase from Brighthouse Financial’s previous quarterly dividend of $0.29. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend was Wednesday, December 10th.
Brighthouse Financial Company Profile
Brighthouse Financial, Inc (NASDAQ: BHFAM) is a U.S.-based provider of life insurance and annuity products designed to help individuals and families pursue long-term financial security. The company offers a range of fixed and fixed-indexed annuities, term and permanent life insurance policies, and related income protection solutions. Through its product portfolio, Brighthouse Financial seeks to address the retirement income needs of its clients and deliver predictable cash flows over time.
Established as an independent public company in August 2017 following a spin-off from MetLife, Brighthouse Financial has focused on streamlining operations and narrowing its business scope to core retirement and protection offerings.