14,241 Shares in Global Brass and Copper Holdings, Inc. (NYSE:BRSS) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in shares of Global Brass and Copper Holdings, Inc. (NYSE:BRSS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,241 shares of the industrial products company’s stock, valued at approximately $435,000. Public Employees Retirement System of Ohio owned 0.07% of Global Brass and Copper Holdings as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Global Brass and Copper Holdings in the 1st quarter worth approximately $108,000. BNP Paribas Arbitrage SA increased its stake in shares of Global Brass and Copper Holdings by 388.9% during the second quarter. BNP Paribas Arbitrage SA now owns 4,493 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 3,574 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in Global Brass and Copper Holdings during the 2nd quarter worth $205,000. Stevens Capital Management LP acquired a new position in Global Brass and Copper Holdings during the 2nd quarter worth about $219,000. Finally, KCG Holdings Inc. acquired a new position in shares of Global Brass and Copper Holdings in the 1st quarter valued at about $230,000. Institutional investors and hedge funds own 95.18% of the company’s stock.

Global Brass and Copper Holdings, Inc. (BRSS) traded up $0.80 during midday trading on Thursday, hitting $33.65. The company had a trading volume of 81,100 shares, compared to its average volume of 111,251. Global Brass and Copper Holdings, Inc. has a 12 month low of $28.00 and a 12 month high of $39.85. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.00 and a current ratio of 3.26. The firm has a market cap of $719.54, a P/E ratio of 12.78 and a beta of 0.49.

Global Brass and Copper Holdings (NYSE:BRSS) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The business had revenue of $378.60 million for the quarter, compared to analysts’ expectations of $376.00 million. Global Brass and Copper Holdings had a net margin of 3.61% and a return on equity of 47.75%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 EPS. equities research analysts anticipate that Global Brass and Copper Holdings, Inc. will post 2.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 13th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, November 10th. Global Brass and Copper Holdings’s dividend payout ratio is presently 9.96%.

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A number of research firms recently commented on BRSS. BidaskClub raised Global Brass and Copper Holdings from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Zacks Investment Research cut shares of Global Brass and Copper Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, ValuEngine downgraded shares of Global Brass and Copper Holdings from a “buy” rating to a “hold” rating in a report on Saturday, November 4th.

Global Brass and Copper Holdings 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.

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

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