Globeflex Capital L P Invests $3.12 Million in Caledonia Mining Corporation PLC $CMCL

Globeflex Capital L P acquired a new stake in Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 163,383 shares of the company’s stock, valued at approximately $3,121,000. Globeflex Capital L P owned 0.85% of Caledonia Mining at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Meeder Asset Management Inc. increased its position in Caledonia Mining by 296.9% in the 1st quarter. Meeder Asset Management Inc. now owns 1,151 shares of the company’s stock valued at $26,000 after acquiring an additional 861 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Caledonia Mining by 6,486.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the company’s stock worth $37,000 after purchasing an additional 1,881 shares during the period. Virtus Advisers LLC acquired a new position in shares of Caledonia Mining during the fourth quarter worth $42,000. Quarry LP bought a new stake in shares of Caledonia Mining in the third quarter worth $50,000. Finally, State of Wyoming bought a new stake in shares of Caledonia Mining in the first quarter worth $54,000. Institutional investors own 31.78% of the company’s stock.

Insider Buying and Selling

In related news, Director Victor Gapare bought 11,750 shares of Caledonia Mining stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $18.70 per share, for a total transaction of $219,725.00. Following the completion of the acquisition, the director directly owned 2,455,122 shares of the company’s stock, valued at approximately $45,910,781.40. The trade was a 0.48% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director July Ndlovu bought 21,400 shares of Caledonia Mining stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average price of $23.03 per share, for a total transaction of $492,842.00. Following the completion of the acquisition, the director directly owned 250,489 shares of the company’s stock, valued at $5,768,761.67. The trade was a 9.34% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.68% of the stock is owned by insiders.

Caledonia Mining Stock Performance

NYSEAMERICAN CMCL opened at $24.77 on Monday. The company has a market capitalization of $478.31 million, a price-to-earnings ratio of 7.10 and a beta of 0.67. The company has a quick ratio of 5.03, a current ratio of 5.73 and a debt-to-equity ratio of 0.34. Caledonia Mining Corporation PLC has a twelve month low of $15.85 and a twelve month high of $38.75. The stock has a fifty day simple moving average of $20.01 and a 200 day simple moving average of $23.23.

Caledonia Mining (NYSEAMERICAN:CMCL) last announced its earnings results on Monday, August 10th. The company reported $1.36 EPS for the quarter, topping the consensus estimate of $0.54 by $0.82. Caledonia Mining had a return on equity of 23.29% and a net margin of 23.87%.The firm had revenue of $75.91 million for the quarter, compared to the consensus estimate of $82.00 million.

Caledonia Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 21st. Caledonia Mining’s payout ratio is currently 116.67%.

About Caledonia Mining

Caledonia Mining Corporation PLC is a UK‐domiciled gold producer listed on the NYSE American under the ticker CMCL and on the London AIM market. The company’s flagship asset is the Blanket gold mine, located near Gwanda in southwestern Zimbabwe. Blanket is a conventional underground and surface gold operation that includes a carbon‐in‐leach processing plant and tailings retreatment facilities, providing a structurally diverse resource base and established production infrastructure.

Caledonia acquired the Blanket mine in 2004, adding to its long operating history that traces back to the early 20th century.