Sei Investments Co. boosted its position in shares of Global Brass and Copper Holdings, Inc. (NYSE:BRSS) by 68.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,883 shares of the industrial products company’s stock after buying an additional 23,127 shares during the period. Sei Investments Co. owned about 0.26% of Global Brass and Copper Holdings worth $1,738,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new position in Global Brass and Copper Holdings during the first quarter worth approximately $828,000. Virginia Retirement Systems ET AL increased its position in shares of Global Brass and Copper Holdings by 6.0% in the first quarter. Virginia Retirement Systems ET AL now owns 49,400 shares of the industrial products company’s stock worth $1,699,000 after buying an additional 2,800 shares in the last quarter. TFS Capital LLC increased its position in shares of Global Brass and Copper Holdings by 49.3% in the first quarter. TFS Capital LLC now owns 12,813 shares of the industrial products company’s stock worth $441,000 after buying an additional 4,231 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Global Brass and Copper Holdings by 3.3% in the first quarter. Gamco Investors INC. ET AL now owns 19,073 shares of the industrial products company’s stock worth $656,000 after buying an additional 618 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Global Brass and Copper Holdings by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 114,232 shares of the industrial products company’s stock worth $3,930,000 after buying an additional 2,877 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Global Brass and Copper Holdings, Inc. (BRSS) opened at 28.90 on Friday. Global Brass and Copper Holdings, Inc. has a 52 week low of $22.75 and a 52 week high of $39.85. The firm has a 50 day moving average of $30.52 and a 200-day moving average of $32.39. The company has a market capitalization of $633.03 million, a P/E ratio of 14.16 and a beta of 0.44.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Monday, August 14th were paid a $0.06 dividend. The ex-dividend date was Thursday, August 10th. This represents a $0.24 annualized dividend and a yield of 0.83%. This is a positive change from Global Brass and Copper Holdings’s previous quarterly dividend of $0.04. Global Brass and Copper Holdings’s dividend payout ratio is currently 11.82%.

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Separately, Zacks Investment Research downgraded shares of 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 company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $29.08, for a total value of $107,828.64. Following the completion of the sale, the director now owns 21,686 shares of the company’s stock, valued at $630,628.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.20% of the stock is owned by corporate insiders.

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.

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

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