Brandywine Global Investment Management LLC raised its position in Global Brass and Copper Holdings Inc (NYSE:BRSS) by 34.8% in the 4th quarter, HoldingsChannel reports. The fund owned 15,669 shares of the industrial products company’s stock after purchasing an additional 4,041 shares during the period. Brandywine Global Investment Management LLC’s holdings in Global Brass and Copper were worth $519,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. American Century Companies Inc. boosted its stake in shares of Global Brass and Copper by 8.1% during the 4th quarter. American Century Companies Inc. now owns 1,021,667 shares of the industrial products company’s stock valued at $33,817,000 after buying an additional 76,735 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Global Brass and Copper by 7.2% during the 4th quarter. Renaissance Technologies LLC now owns 1,010,100 shares of the industrial products company’s stock valued at $33,434,000 after buying an additional 67,500 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Global Brass and Copper by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 846,170 shares of the industrial products company’s stock valued at $28,601,000 after buying an additional 22,849 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Global Brass and Copper by 37.7% during the 4th quarter. Wells Fargo & Company MN now owns 795,940 shares of the industrial products company’s stock valued at $26,347,000 after buying an additional 217,825 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Global Brass and Copper by 5.9% during the 2nd quarter. State Street Corp now owns 412,639 shares of the industrial products company’s stock valued at $12,602,000 after buying an additional 22,970 shares during the last quarter. 95.56% of the stock is owned by institutional investors.

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In related news, Director Bradford T. Ray sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $33.05, for a total transaction of $165,250.00. Following the transaction, the director now directly owns 15,442 shares in the company, valued at $510,358.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kevin W. Bense sold 3,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $34.45, for a total value of $103,350.00. Following the transaction, the insider now owns 42,195 shares in the company, valued at $1,453,617.75. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.

Global Brass and Copper stock opened at $33.70 on Thursday. Global Brass and Copper Holdings Inc has a one year low of $27.50 and a one year high of $36.50. The stock has a market capitalization of $743.54, a price-to-earnings ratio of 14.65 and a beta of 0.52. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.63 and a current ratio of 2.78.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Tuesday, February 20th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, February 16th. This is a boost from Global Brass and Copper’s previous quarterly dividend of $0.04. This represents a $0.24 annualized dividend and a yield of 0.71%. Global Brass and Copper’s dividend payout ratio (DPR) is 10.43%.

Separately, Zacks Investment Research cut Global Brass and Copper from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd.

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Global Brass and Copper 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.

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

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