Global Brass and Copper Holdings Inc. (NYSE:BRSS) General Counsel Scott B. Hamilton sold 1,700 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $30.52, for a total transaction of $51,884.00. Following the sale, the general counsel now owns 11,854 shares of the company’s stock, valued at approximately $361,784.08. 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 0.33% during mid-day trading on Wednesday, reaching $30.70. 182,285 shares of the company traded hands. The firm’s 50-day moving average is $28.96 and its 200 day moving average is $28.22. Global Brass and Copper Holdings Inc. has a 52-week low of $18.65 and a 52-week high of $31.20. The stock has a market capitalization of $663.58 million, a PE ratio of 23.60 and a beta of 0.47.

Insider Buying and Selling by Quarter for Global Brass and Copper Holdings (NYSE:BRSS)

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

Several hedge funds have recently added to or reduced their stakes in the company. Panagora Asset Management Inc. bought a new stake in Global Brass and Copper Holdings during the third quarter worth $146,000. BlackRock Inc. increased its stake in Global Brass and Copper Holdings by 237.3% in the second quarter. BlackRock Inc. now owns 5,438 shares of the company’s stock worth $148,000 after buying an additional 3,826 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Global Brass and Copper Holdings by 37.7% in the second quarter. Acrospire Investment Management LLC now owns 5,843 shares of the company’s stock worth $159,000 after buying an additional 1,600 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Global Brass and Copper Holdings during the first quarter worth $215,000. Finally, Societe Generale bought a new stake in Global Brass and Copper Holdings during the second quarter worth $226,000. 95.28% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded shares of Global Brass and Copper Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, November 9th.

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About Global Brass and Copper Holdings

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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