Dimension Capital Management LLC Invests $102,000 in Vale S.A. (NYSE:VALE)

Dimension Capital Management LLC purchased a new stake in shares of Vale S.A. (NYSE:VALE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,516 shares of the basic materials company’s stock, valued at approximately $102,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its holdings in shares of Vale by 215.9% in the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock worth $25,000 after buying an additional 1,900 shares during the period. IFP Advisors Inc increased its stake in Vale by 206.4% in the 4th quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 1,938 shares during the period. Cornerstone Planning Group LLC lifted its position in Vale by 3,092.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 3,092 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Vale during the fourth quarter valued at approximately $30,000. Finally, Atlas Capital Advisors Inc. grew its holdings in shares of Vale by 68.3% in the fourth quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,623 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Vale Stock Down 0.9 %

NYSE:VALE opened at $9.23 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The firm’s 50-day moving average price is $9.49 and its 200-day moving average price is $9.55. The company has a market capitalization of $41.87 billion, a PE ratio of 6.41, a P/E/G ratio of 0.31 and a beta of 0.83. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $13.14.

Vale (NYSE:VALE) last announced its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Vale had a return on equity of 17.38% and a net margin of 16.15%. The business had revenue of $8.12 billion during the quarter, compared to analysts’ expectations of $8.39 billion. On average, equities analysts predict that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.3758 dividend. This represents a yield of 7.5%. This is an increase from Vale’s previous semi-annual dividend of $0.30. The ex-dividend date was Monday, March 10th. Vale’s payout ratio is 54.35%.

Analysts Set New Price Targets

Several brokerages have weighed in on VALE. Royal Bank of Canada reissued a “sector perform” rating and set a $11.00 price target (down previously from $12.00) on shares of Vale in a research report on Thursday, April 17th. UBS Group cut their target price on Vale from $10.50 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Bank of America raised Vale from a “neutral” rating to a “buy” rating and upped their price target for the company from $11.00 to $11.50 in a research report on Thursday, April 10th. Wolfe Research upgraded Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Finally, StockNews.com started coverage on Vale in a report on Wednesday. They set a “hold” rating for the company. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Vale has a consensus rating of “Hold” and a consensus target price of $12.13.

Vale Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.