Global Brass and Copper Holdings Inc (NYSE:BRSS) insider Kevin W. Bense sold 3,000 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $34.45, for a total transaction of $103,350.00. Following the sale, the insider now directly owns 42,195 shares in the company, valued at $1,453,617.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Global Brass and Copper Holdings Inc (NYSE:BRSS) traded down $0.20 during trading hours on Wednesday, hitting $33.15. 98,394 shares of the company’s stock were exchanged, compared to its average volume of 92,265. The firm has a market capitalization of $738.04, a PE ratio of 14.50 and a beta of 0.52. Global Brass and Copper Holdings Inc has a 52 week low of $27.50 and a 52 week high of $37.35. The company has a quick ratio of 1.63, a current ratio of 2.78 and a debt-to-equity ratio of 2.10.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.72%. This is a boost from Global Brass and Copper’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Friday, February 16th. Global Brass and Copper’s dividend payout ratio is 10.43%.
Separately, Zacks Investment Research raised shares of Global Brass and Copper from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Tuesday, January 2nd.
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Global Brass and Copper Company Profile
Global Brass and Copper Holdings, Inc is a converter, fabricator, processor and distributor of specialized non-ferrous products, including a range of sheet, strip, foil, rod, tube and fabricated metal component products. The Company operates through three segments: Olin Brass, Chase Brass and A.J. Oster.
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