Cadence Capital Management LLC raised its stake in shares of Global Brass and Copper Holdings, Inc. (NYSE:BRSS) by 47.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,245 shares of the industrial products company’s stock after buying an additional 14,858 shares during the period. Cadence Capital Management LLC owned approximately 0.21% of Global Brass and Copper Holdings worth $1,413,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in BRSS. BNP Paribas Arbitrage SA raised its position in shares of Global Brass and Copper Holdings by 388.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,493 shares of the industrial products company’s stock valued at $137,000 after buying an additional 3,574 shares during the period. ClariVest Asset Management LLC raised its position in shares of Global Brass and Copper Holdings by 16.0% in the second quarter. ClariVest Asset Management LLC now owns 380,022 shares of the industrial products company’s stock valued at $11,609,000 after buying an additional 52,327 shares during the period. Rhumbline Advisers raised its position in shares of Global Brass and Copper Holdings by 3.3% in the second quarter. Rhumbline Advisers now owns 23,813 shares of the industrial products company’s stock valued at $727,000 after buying an additional 765 shares during the period. Foundry Partners LLC raised its position in shares of Global Brass and Copper Holdings by 8.1% in the second quarter. Foundry Partners LLC now owns 281,264 shares of the industrial products company’s stock valued at $8,593,000 after buying an additional 21,116 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Global Brass and Copper Holdings by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 224,510 shares of the industrial products company’s stock valued at $6,859,000 after buying an additional 1,060 shares during the period. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Global Brass and Copper Holdings, Inc. (NYSE BRSS) opened at 28.60 on Friday. Global Brass and Copper Holdings, Inc. has a 1-year low of $22.75 and a 1-year high of $39.85. The firm has a market cap of $626.45 million, a price-to-earnings ratio of 14.01 and a beta of 0.44. The company’s 50-day moving average price is $30.56 and its 200 day moving average price is $32.43.

Global Brass and Copper Holdings (NYSE:BRSS) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The firm had revenue of $377.40 million for the quarter, compared to the consensus estimate of $398.45 million. Global Brass and Copper Holdings had a net margin of 3.10% and a return on equity of 55.01%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. On average, equities analysts expect that Global Brass and Copper Holdings, Inc. will post $2.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Monday, August 14th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.84%. This is an increase from Global Brass and Copper Holdings’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, August 10th. Global Brass and Copper Holdings’s dividend payout ratio is presently 11.82%.

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

In other Global Brass and Copper Holdings news, Director Martin E. Welch sold 3,708 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $29.08, for a total transaction of $107,828.64. Following the transaction, the director now directly owns 21,686 shares of the company’s stock, valued at $630,628.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.20% 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.

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

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