Kennedy Capital Management Inc. Sells 7,686 Shares of Global Brass and Copper Holdings, Inc. (BRSS)

Kennedy Capital Management Inc. cut its holdings in shares of Global Brass and Copper Holdings, Inc. (NYSE:BRSS) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,128 shares of the industrial products company’s stock after selling 7,686 shares during the period. Kennedy Capital Management Inc. owned about 1.13% of Global Brass and Copper Holdings worth $7,580,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. increased its stake in Global Brass and Copper Holdings by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,981,214 shares of the industrial products company’s stock worth $68,154,000 after purchasing an additional 31,610 shares during the period. LSV Asset Management increased its stake in Global Brass and Copper Holdings by 12.6% during the second quarter. LSV Asset Management now owns 1,024,836 shares of the industrial products company’s stock worth $31,308,000 after purchasing an additional 114,791 shares during the period. American Century Companies Inc. increased its stake in Global Brass and Copper Holdings by 21.9% during the second quarter. American Century Companies Inc. now owns 1,002,943 shares of the industrial products company’s stock worth $30,640,000 after purchasing an additional 180,484 shares during the period. JPMorgan Chase & Co. increased its stake in Global Brass and Copper Holdings by 5.2% during the second quarter. JPMorgan Chase & Co. now owns 951,048 shares of the industrial products company’s stock worth $29,055,000 after purchasing an additional 46,827 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Global Brass and Copper Holdings by 8.2% during the first quarter. Renaissance Technologies LLC now owns 818,800 shares of the industrial products company’s stock worth $28,167,000 after purchasing an additional 61,900 shares during the period. Institutional investors own 95.61% of the company’s stock.

Shares of Global Brass and Copper Holdings, Inc. (NYSE BRSS) opened at 29.40 on Monday. Global Brass and Copper Holdings, Inc. has a 52 week low of $22.75 and a 52 week high of $39.85. The stock has a market capitalization of $643.98 million, a price-to-earnings ratio of 14.40 and a beta of 0.46. The firm’s 50-day moving average is $29.97 and its 200-day moving average is $32.11.

Global Brass and Copper Holdings (NYSE:BRSS) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The company 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 return on equity of 55.01% and a net margin of 3.10%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. On average, equities research analysts anticipate that Global Brass and Copper Holdings, Inc. will post $2.66 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Monday, August 14th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.82%. 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 (DPR) is 11.82%.

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In other news, Director Martin E. Welch sold 3,708 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $29.08, for a total value of $107,828.64. Following the transaction, the director now directly owns 21,686 shares in the company, valued at approximately $630,628.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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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