Global Brass and Copper Holdings Inc. (NYSE:BRSS) insider Robert T. Micchelli sold 13,000 shares of Global Brass and Copper Holdings stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $30.06, for a total value of $390,780.00. Following the transaction, the insider now owns 46,479 shares in the company, valued at approximately $1,397,158.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Global Brass and Copper Holdings Inc. (NYSE:BRSS) opened at 30.00 on Tuesday. Global Brass and Copper Holdings Inc. has a 1-year low of $18.65 and a 1-year high of $31.20. The firm has a 50-day moving average price of $29.04 and a 200 day moving average price of $28.31. The company has a market cap of $648.45 million, a PE ratio of 23.06 and a beta of 0.47.

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

The company also recently announced a dividend, which was paid on Monday, November 28th. Shareholders of record on Monday, November 14th were given a $0.0375 dividend. The ex-dividend date was Wednesday, November 9th. Global Brass and Copper Holdings’s dividend payout ratio is presently 11.54%.

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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.

Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in Global Brass and Copper Holdings by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 154,030 shares of the company’s stock valued at $3,843,000 after buying an additional 23,142 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Global Brass and Copper Holdings by 10.8% in the first quarter. Renaissance Technologies LLC now owns 634,100 shares of the company’s stock valued at $15,821,000 after buying an additional 62,000 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Global Brass and Copper Holdings during the first quarter valued at $215,000. Foundry Partners LLC bought a new stake in shares of Global Brass and Copper Holdings during the second quarter valued at $5,877,000. Finally, James Investment Research Inc. boosted its stake in shares of Global Brass and Copper Holdings by 31.8% in the second quarter. James Investment Research Inc. now owns 192,155 shares of the company’s stock valued at $5,244,000 after buying an additional 46,320 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

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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