Hillcrest Asset Management LLC lowered its stake in Global Brass and Copper Holdings Inc (NYSE:BRSS) by 33.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 220,862 shares of the industrial products company’s stock after selling 111,681 shares during the period. Hillcrest Asset Management LLC owned 1.01% of Global Brass and Copper worth $7,642,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Global Brass and Copper in the 3rd quarter worth approximately $160,000. Teacher Retirement System of Texas bought a new position in Global Brass and Copper in the 4th quarter valued at approximately $249,000. Campbell & CO Investment Adviser LLC lifted its position in Global Brass and Copper by 36.5% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 9,147 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 2,445 shares in the last quarter. Stone Ridge Asset Management LLC bought a new position in Global Brass and Copper in the 4th quarter valued at approximately $309,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Global Brass and Copper in the 3rd quarter valued at approximately $318,000. Institutional investors own 95.47% of the company’s stock.
Separately, Zacks Investment Research raised Global Brass and Copper from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Tuesday, January 2nd.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Tuesday, February 20th were given a $0.06 dividend. The ex-dividend date was Friday, February 16th. This is a boost from Global Brass and Copper’s previous quarterly dividend of $0.04. This represents a $0.24 annualized dividend and a yield of 0.72%. Global Brass and Copper’s dividend payout ratio is 10.43%.
Global Brass and Copper 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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