Seizert Capital Partners LLC Buys New Stake in Global Brass and Copper Holdings Inc (BRSS)

Seizert Capital Partners LLC bought a new position in shares of Global Brass and Copper Holdings Inc (NYSE:BRSS) during the first quarter, Holdings Channel reports. The institutional investor bought 12,096 shares of the industrial products company’s stock, valued at approximately $417,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new stake in Global Brass and Copper in the fourth quarter valued at $36,000. Murphy Pohlad Asset Management LLC acquired a new stake in Global Brass and Copper in the fourth quarter valued at $108,000. SG Americas Securities LLC acquired a new stake in Global Brass and Copper in the first quarter valued at $128,000. O Shaughnessy Asset Management LLC raised its holdings in Global Brass and Copper by 150.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,370 shares of the industrial products company’s stock valued at $135,000 after acquiring an additional 3,225 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in Global Brass and Copper by 627.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,529 shares of the industrial products company’s stock valued at $156,000 after acquiring an additional 3,906 shares in the last quarter. 93.88% of the stock is currently owned by institutional investors and hedge funds.

BRSS stock opened at $43.07 on Tuesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.27 and a quick ratio of 1.97. Global Brass and Copper Holdings Inc has a 1-year low of $24.06 and a 1-year high of $44.08. The firm has a market cap of $945.30 million, a price-to-earnings ratio of 13.80 and a beta of 1.21.

Global Brass and Copper (NYSE:BRSS) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.14). Global Brass and Copper had a net margin of 3.50% and a return on equity of 34.25%. Equities research analysts predict that Global Brass and Copper Holdings Inc will post 2.6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.36 annualized dividend and a yield of 0.84%. Global Brass and Copper’s payout ratio is 11.54%.

Several research firms recently issued reports on BRSS. Zacks Investment Research cut shares of Global Brass and Copper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 6th. ValuEngine raised shares of Global Brass and Copper from a “sell” rating to a “hold” rating in a report on Monday, February 4th.

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Global Brass and Copper Profile

Global Brass and Copper Holdings, Inc converts, fabricates, processes, and distributes specialized non-ferrous products in the United States, the Asia Pacific, and Mexico. It operates in three segments: Olin Brass, Chase Brass, and A.J. Oster. The Olin Brass segment manufactures, fabricates, and converts specialized copper and brass sheets, strips, foils, tubes, and fabricated products; and rerolls and forms other alloys, such as stainless steel, carbon steel, and aluminum.

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

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