Ellevest Inc. Cuts Stake in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Ellevest Inc. decreased its holdings in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 23.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,397 shares of the company’s stock after selling 3,413 shares during the period. Ellevest Inc.’s holdings in Caledonia Mining were worth $107,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in Caledonia Mining by 112.7% in the fourth quarter. Renaissance Technologies LLC now owns 156,527 shares of the company’s stock valued at $1,473,000 after buying an additional 82,927 shares during the period. American Century Companies Inc. raised its holdings in Caledonia Mining by 60.7% in the fourth quarter. American Century Companies Inc. now owns 347,981 shares of the company’s stock valued at $3,275,000 after buying an additional 131,451 shares during the period. Los Angeles Capital Management LLC raised its holdings in Caledonia Mining by 112.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 71,394 shares of the company’s stock valued at $672,000 after buying an additional 37,724 shares during the period. Barclays PLC raised its stake in shares of Caledonia Mining by 62.0% during the third quarter. Barclays PLC now owns 39,892 shares of the company’s stock valued at $596,000 after purchasing an additional 15,269 shares during the period. Finally, Globeflex Capital L P purchased a new stake in shares of Caledonia Mining during the fourth quarter valued at approximately $436,000. Hedge funds and other institutional investors own 31.78% of the company’s stock.

Caledonia Mining Trading Up 3.9%

CMCL opened at $14.01 on Monday. The firm has a market capitalization of $269.27 million, a P/E ratio of 29.19 and a beta of 0.68. The firm’s 50 day moving average is $12.23 and its 200-day moving average is $11.77. Caledonia Mining Co. Plc has a 52-week low of $8.81 and a 52-week high of $16.95. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.04.

Caledonia Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, April 4th were paid a dividend of $0.14 per share. The ex-dividend date was Friday, April 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.00%. Caledonia Mining’s dividend payout ratio is currently 116.67%.

About Caledonia Mining

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.