IndexIQ Advisors LLC lifted its stake in shares of Global Brass and Copper Holdings, Inc. (NYSE:BRSS) by 83.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,197 shares of the industrial products company’s stock after acquiring an additional 11,444 shares during the quarter. IndexIQ Advisors LLC owned about 0.12% of Global Brass and Copper Holdings worth $852,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL boosted its stake in Global Brass and Copper Holdings by 2.5% during the 2nd quarter. Tudor Investment Corp ET AL now owns 12,742 shares of the industrial products company’s stock valued at $389,000 after purchasing an additional 316 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its stake in Global Brass and Copper Holdings by 0.3% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 161,974 shares of the industrial products company’s stock valued at $4,947,000 after purchasing an additional 500 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Global Brass and Copper Holdings by 4.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,894 shares of the industrial products company’s stock valued at $516,000 after purchasing an additional 645 shares during the period. Summit Global Investments boosted its stake in Global Brass and Copper Holdings by 4.6% during the 2nd quarter. Summit Global Investments now owns 15,800 shares of the industrial products company’s stock valued at $483,000 after purchasing an additional 700 shares during the period. Finally, Rhumbline Advisers boosted its stake in Global Brass and Copper Holdings by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 23,813 shares of the industrial products company’s stock valued at $727,000 after purchasing an additional 765 shares during the period. Institutional investors own 95.03% of the company’s stock.

BRSS has been the subject of several recent analyst reports. BidaskClub upgraded Global Brass and Copper Holdings from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. Zacks Investment Research cut Global Brass and Copper Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, ValuEngine cut Global Brass and Copper Holdings from a “buy” rating to a “hold” rating in a report on Saturday, November 4th.

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 transaction, the director now owns 21,686 shares of the company’s stock, valued at approximately $630,628.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.20% of the company’s stock.

Global Brass and Copper Holdings, Inc. (BRSS) opened at $34.30 on Friday. The company has a quick ratio of 2.00, a current ratio of 3.26 and a debt-to-equity ratio of 2.19. The company has a market capitalization of $751.31, a P/E ratio of 13.35 and a beta of 0.49. Global Brass and Copper Holdings, Inc. has a twelve month low of $26.40 and a twelve month high of $39.85.

Global Brass and Copper Holdings (NYSE:BRSS) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. The firm had revenue of $378.60 million during the quarter, compared to analysts’ expectations of $376.00 million. Global Brass and Copper Holdings had a return on equity of 47.75% and a net margin of 3.61%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 EPS. equities research analysts expect that Global Brass and Copper Holdings, Inc. will post 2.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.24 annualized dividend and a yield of 0.70%. Global Brass and Copper Holdings’s dividend payout ratio (DPR) is 9.96%.

COPYRIGHT VIOLATION NOTICE: “Global Brass and Copper Holdings, Inc. (BRSS) Stake Increased by IndexIQ Advisors LLC” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/11/12/global-brass-and-copper-holdings-inc-brss-stake-increased-by-indexiq-advisors-llc.html.

Global Brass and Copper Holdings 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.

Want to see what other hedge funds are holding BRSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Brass and Copper Holdings, Inc. (NYSE:BRSS).

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

Receive News & Stock Ratings for Global Brass and Copper Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Brass and Copper Holdings Inc. and related stocks with our FREE daily email newsletter.