Rhumbline Advisers Has $741,000 Holdings in Global Brass and Copper Holdings Inc (BRSS)

Rhumbline Advisers raised its holdings in shares of Global Brass and Copper Holdings Inc (NYSE:BRSS) by 47.4% in the fourth quarter, HoldingsChannel reports. The firm owned 29,459 shares of the industrial products company’s stock after purchasing an additional 9,478 shares during the period. Rhumbline Advisers’ holdings in Global Brass and Copper were worth $741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantamental Technologies LLC bought a new position in shares of Global Brass and Copper during the fourth quarter valued at approximately $36,000. Acadian Asset Management LLC bought a new position in shares of Global Brass and Copper during the third quarter valued at approximately $135,000. Ibex Investors LLC bought a new position in shares of Global Brass and Copper during the third quarter valued at approximately $205,000. State Board of Administration of Florida Retirement System bought a new position in shares of Global Brass and Copper during the third quarter valued at approximately $228,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Global Brass and Copper during the third quarter valued at approximately $252,000. 92.95% of the stock is owned by institutional investors and hedge funds.

BRSS has been the subject of a number of analyst reports. ValuEngine raised shares of Global Brass and Copper from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research raised shares of Global Brass and Copper from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st.

Shares of BRSS opened at $31.95 on Friday. The company has a market cap of $703.03 million, a P/E ratio of 10.24 and a beta of 1.11. The company has a quick ratio of 1.90, a current ratio of 3.27 and a debt-to-equity ratio of 1.63. Global Brass and Copper Holdings Inc has a twelve month low of $24.06 and a twelve month high of $39.05.

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 19th were given a dividend of $0.09 per share. The ex-dividend date was Friday, February 15th. This represents a $0.36 annualized dividend and a dividend yield of 1.13%. This is an increase from Global Brass and Copper’s previous quarterly dividend of $0.04. Global Brass and Copper’s dividend payout ratio (DPR) is 11.54%.

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About Global Brass and Copper

Global Brass and Copper Holdings, Inc converts, fabricates, processes, and distributes specialized non-ferrous products in the United States, the Asia Pacific, and Mexico. The company operates in three segments: Olin Brass, Chase Brass, and A.J. Oster. The Olin Brass segment manufactures, fabricates, and converts specialized copper and brass sheets, strips, foils, tubes, and fabricated products; and rerolls and forms other alloys, such as stainless steel, carbon steel, and aluminum.

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

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