Stanley Laman Group Ltd. Acquires New Position in Global Brass and Copper Holdings Inc (BRSS)

Stanley Laman Group Ltd. acquired a new position in Global Brass and Copper Holdings Inc (NYSE:BRSS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,951 shares of the industrial products company’s stock, valued at approximately $660,000.

Several other hedge funds have also modified their holdings of BRSS. SG Americas Securities LLC acquired a new position in shares of Global Brass and Copper during the third quarter worth $160,000. Eqis Capital Management Inc. acquired a new position in shares of Global Brass and Copper during the third quarter worth $231,000. Teacher Retirement System of Texas acquired a new position in shares of Global Brass and Copper during the fourth quarter worth $249,000. Voya Investment Management LLC increased its position in shares of Global Brass and Copper by 29.8% during the second quarter. Voya Investment Management LLC now owns 9,409 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 2,161 shares in the last quarter. Finally, OxFORD Asset Management LLP increased its position in shares of Global Brass and Copper by 47.6% during the second quarter. OxFORD Asset Management LLP now owns 9,834 shares of the industrial products company’s stock worth $300,000 after purchasing an additional 3,170 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of Global Brass and Copper Holdings Inc (NYSE BRSS) opened at $29.15 on Tuesday. Global Brass and Copper Holdings Inc has a 1-year low of $28.10 and a 1-year high of $39.85. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.26 and a quick ratio of 2.00. The company has a market cap of $637.40, a price-to-earnings ratio of 11.32 and a beta of 0.39.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.82%. This is a positive change from Global Brass and Copper’s previous quarterly dividend of $0.04. The ex-dividend date is Friday, February 16th. Global Brass and Copper’s dividend payout ratio is presently 9.96%.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Global Brass and Copper from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. ValuEngine lowered shares of Global Brass and Copper from a “buy” rating to a “hold” rating in a report on Saturday, November 4th.

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

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