Global Brass and Copper Holdings Inc. (NYSE:BRSS) insider Devin K. Denner sold 10,000 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $28.75, for a total transaction of $287,500.00. Following the sale, the insider now owns 13,747 shares of the company’s stock, valued at $395,226.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Global Brass and Copper Holdings Inc. (NYSE:BRSS) traded up 1.91% during mid-day trading on Monday, reaching $29.35. 24,278 shares of the company’s stock traded hands. The firm has a market cap of $634.40 million, a price-to-earnings ratio of 22.56 and a beta of 0.47. The firm’s 50-day moving average price is $28.90 and its 200 day moving average price 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 also recently disclosed a dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. Global Brass and Copper Holdings’s payout ratio is currently 11.54%.

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

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Global Brass and Copper Holdings by 2.2% in the third quarter. BlackRock Inc. now owns 5,559 shares of the company’s stock worth $161,000 after buying an additional 121 shares during the last quarter. Rhumbline Advisers raised its stake in Global Brass and Copper Holdings by 1.3% in the third quarter. Rhumbline Advisers now owns 21,765 shares of the company’s stock worth $629,000 after buying an additional 270 shares during the last quarter. Smith Asset Management Group LP raised its stake in Global Brass and Copper Holdings by 0.5% in the third quarter. Smith Asset Management Group LP now owns 64,240 shares of the company’s stock worth $1,856,000 after buying an additional 300 shares during the last quarter. California State Teachers Retirement System raised its stake in Global Brass and Copper Holdings by 0.7% in the third quarter. California State Teachers Retirement System now owns 44,601 shares of the company’s stock worth $1,289,000 after buying an additional 300 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in Global Brass and Copper Holdings by 0.4% in the second quarter. Nationwide Fund Advisors now owns 127,576 shares of the company’s stock worth $3,482,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

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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