Mount Yale Investment Advisors LLC Invests $101,000 in Gerdau S.A. (NYSE:GGB)

Mount Yale Investment Advisors LLC bought a new stake in Gerdau S.A. (NYSE:GGB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,007 shares of the basic materials company’s stock, valued at approximately $101,000.

Other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Gerdau by 307.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,037,480 shares of the basic materials company’s stock valued at $3,631,000 after purchasing an additional 782,980 shares during the period. Walleye Capital LLC lifted its stake in Gerdau by 42.3% in the third quarter. Walleye Capital LLC now owns 1,295,926 shares of the basic materials company’s stock valued at $4,536,000 after buying an additional 385,535 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of Gerdau by 298.1% during the 3rd quarter. Two Sigma Advisers LP now owns 6,097,460 shares of the basic materials company’s stock worth $21,341,000 after buying an additional 4,565,900 shares in the last quarter. State Street Corp grew its position in shares of Gerdau by 1.4% during the 3rd quarter. State Street Corp now owns 2,865,244 shares of the basic materials company’s stock worth $10,028,000 after buying an additional 40,702 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Gerdau in the 3rd quarter valued at $1,741,000. Institutional investors own 1.49% of the company’s stock.

Gerdau Stock Down 1.5 %

Shares of NYSE GGB opened at $2.94 on Thursday. The company has a quick ratio of 1.53, a current ratio of 2.98 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.10 billion, a PE ratio of 6.40 and a beta of 1.73. The company’s fifty day simple moving average is $3.11 and its 200 day simple moving average is $3.23. Gerdau S.A. has a 12-month low of $2.67 and a 12-month high of $4.04.

Gerdau Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, November 21st were given a dividend of $0.0528 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date was Thursday, November 21st. This is a boost from Gerdau’s previous quarterly dividend of $0.00. Gerdau’s dividend payout ratio is 41.45%.

Gerdau Profile

Gerdau SA, together with its subsidiaries, operates as a steel producer company. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It also provides semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural industries; and special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as in the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets.