KCG Holdings Inc. Invests $230,000 in Global Brass and Copper Holdings, Inc. (NYSE:BRSS)

KCG Holdings Inc. purchased a new position in Global Brass and Copper Holdings, Inc. (NYSE:BRSS) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,676 shares of the industrial products company’s stock, valued at approximately $230,000.

Several other institutional investors have also added to or reduced their stakes in BRSS. Envestnet Asset Management Inc. boosted its stake in shares of Global Brass and Copper Holdings by 9.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,079 shares of the industrial products company’s stock valued at $105,000 after buying an additional 264 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Global Brass and Copper Holdings during the first quarter valued at $108,000. 1st Global Advisors Inc. boosted its stake in shares of Global Brass and Copper Holdings by 10.2% in the first quarter. 1st Global Advisors Inc. now owns 6,641 shares of the industrial products company’s stock valued at $228,000 after buying an additional 616 shares during the last quarter. Oxford Asset Management purchased a new stake in shares of Global Brass and Copper Holdings during the first quarter valued at $229,000. Finally, Citadel Advisors LLC boosted its stake in Global Brass and Copper Holdings by 18.7% in the first quarter. Citadel Advisors LLC now owns 7,374 shares of the industrial products company’s stock valued at $254,000 after buying an additional 1,162 shares in the last quarter. 93.56% of the stock is currently owned by institutional investors.

Global Brass and Copper Holdings, Inc. (BRSS) opened at 28.55 on Friday. The company has a market capitalization of $625.36 million, a price-to-earnings ratio of 13.99 and a beta of 0.44. The company has a 50 day moving average of $30.80 and a 200 day moving average of $32.57. Global Brass and Copper Holdings, Inc. has a 52 week low of $22.75 and a 52 week high of $39.85.

Global Brass and Copper Holdings (NYSE:BRSS) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. The business had revenue of $377.40 million for the quarter, compared to analyst estimates of $398.45 million. Global Brass and Copper Holdings had a return on equity of 55.01% and a net margin of 3.10%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, equities analysts forecast that Global Brass and Copper Holdings, Inc. will post $2.66 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Monday, August 14th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.84%. This is a positive change from Global Brass and Copper Holdings’s previous quarterly dividend of $0.04. Global Brass and Copper Holdings’s payout ratio is presently 11.82%.

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Separately, Zacks Investment Research cut shares of Global Brass and Copper Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th.

In other news, Director Martin E. Welch sold 3,708 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $29.08, for a total value of $107,828.64. Following the transaction, the director now owns 21,686 shares of the company’s stock, valued at $630,628.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.20% of the company’s stock.

Global Brass and Copper Holdings 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.

Institutional Ownership by Quarter for Global Brass and Copper Holdings (NYSE:BRSS)

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