Global Brass and Copper Holdings Inc. (NYSE:BRSS) General Counsel Scott B. Hamilton sold 1,867 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $29.00, for a total value of $54,143.00. Following the sale, the general counsel now directly owns 13,554 shares of the company’s stock, valued at $393,066. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Global Brass and Copper Holdings Inc. (NYSE:BRSS) traded up 0.52% during mid-day trading on Friday, reaching $28.80. The company had a trading volume of 170,577 shares. The firm’s 50-day moving average is $28.89 and its 200-day moving average is $28.16. Global Brass and Copper Holdings Inc. has a one year low of $18.65 and a one year high of $31.20. The firm has a market capitalization of $621.85 million, a P/E ratio of 19.96 and a beta of 0.47.

The company also recently declared a dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, November 9th. Global Brass and Copper Holdings’s payout ratio is 11.54%.

Hedge funds have recently made changes to their positions in the stock. Emerald Acquisition Ltd. purchased a new stake in shares of Global Brass and Copper Holdings during the second quarter worth approximately $4,951,000. Societe Generale purchased a new stake in shares of Global Brass and Copper Holdings during the second quarter worth approximately $226,000. Nordea Investment Management AB purchased a new stake in shares of Global Brass and Copper Holdings during the second quarter worth approximately $2,717,000. ClariVest Asset Management LLC raised its stake in shares of Global Brass and Copper Holdings by 2,928.8% in the second quarter. ClariVest Asset Management LLC now owns 227,435 shares of the company’s stock worth $6,207,000 after buying an additional 219,926 shares during the last quarter. Finally, Smith Asset Management Group LP raised its stake in shares of Global Brass and Copper Holdings by 595.0% in the second quarter. Smith Asset Management Group LP now owns 63,940 shares of the company’s stock worth $1,745,000 after buying an additional 54,740 shares during the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research cut Global Brass and Copper Holdings from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 11th.

Global Brass and Copper Holdings Company 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.

5 Day Chart for NYSE:BRSS

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