Nationwide Fund Advisors lessened its position in shares of Global Brass and Copper Holdings Inc (NYSE:BRSS) by 8.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,233 shares of the industrial products company’s stock after selling 12,517 shares during the period. Nationwide Fund Advisors owned approximately 0.64% of Global Brass and Copper worth $4,740,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in shares of Global Brass and Copper by 388.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,493 shares of the industrial products company’s stock valued at $137,000 after buying an additional 3,574 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of Global Brass and Copper in the second quarter valued at approximately $219,000. Eqis Capital Management Inc. acquired a new stake in shares of Global Brass and Copper in the third quarter valued at approximately $231,000. Voya Investment Management LLC raised its position in shares of Global Brass and Copper by 29.8% in the second quarter. Voya Investment Management LLC now owns 9,409 shares of the industrial products company’s stock valued at $287,000 after buying an additional 2,161 shares in the last quarter. Finally, OxFORD Asset Management LLP raised its position in shares of Global Brass and Copper by 47.6% in the second quarter. OxFORD Asset Management LLP now owns 9,834 shares of the industrial products company’s stock valued at $300,000 after buying an additional 3,170 shares in the last quarter. Institutional investors own 94.92% of the company’s stock.

A number of equities research analysts have recently weighed in on BRSS shares. Zacks Investment Research downgraded shares of Global Brass and Copper from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. BidaskClub upgraded shares of Global Brass and Copper from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, ValuEngine downgraded shares of Global Brass and Copper from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th.

Shares of Global Brass and Copper Holdings Inc (NYSE BRSS) traded down $0.60 on Friday, reaching $33.35. 50,300 shares of the company’s stock traded hands, compared to its average volume of 109,724. Global Brass and Copper Holdings Inc has a 1-year low of $28.10 and a 1-year high of $39.85. The firm has a market capitalization of $743.63, a P/E ratio of 13.21 and a beta of 0.47. The company has a current ratio of 3.26, a quick ratio of 2.00 and a debt-to-equity ratio of 2.19.

Global Brass and Copper (NYSE:BRSS) last announced its quarterly earnings data 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. Global Brass and Copper had a net margin of 3.61% and a return on equity of 47.75%. The business had revenue of $378.60 million during the quarter, compared to the consensus estimate of $376.00 million. During the same period in the previous year, the business earned $0.81 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. equities analysts expect that Global Brass and Copper Holdings Inc will post 2.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.24 annualized dividend and a yield of 0.72%. Global Brass and Copper’s dividend payout ratio is currently 9.96%.

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Global Brass and Copper 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.

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

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