2 weeks Ago By ABMN Staff
Rhumbline Advisers decreased its stake in Gerdau S.A. ( NYSE:GGB – Free Report ) by 10.
9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,523 shares of the basic materials company’s stock after selling 5,436 shares during the period. Rhumbline Advisers’ holdings in Gerdau were worth $147,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of GGB. Van ECK Associates Corp boosted its holdings in Gerdau by 15.7% in the 2nd quarter.
Van ECK Associates Corp now owns 1,324,081 shares of the basic materials company’s stock valued at $4,369,000 after purchasing an additional 179,988 shares during the period. Banque Cantonale Vaudoise increased its position in Gerdau by 20.0% during the 2nd quarter.
Banque Cantonale Vaudoise now owns 258,000 shares of the basic materials company’s stock worth $851,000 after purchasing an additional 43,000 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Gerdau by 1,706.6% in the 2nd quarter.
Commonwealth Equity Services LLC now owns 288,519 shares of the basic materials company’s stock valued at $952,000 after acquiring an additional 272,549 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Gerdau by 9.
6% in the second quarter. Crossmark Global Holdings Inc. now owns 124,888 shares of the basic materials company’s stock valued at $412,000 after purchasing an additional 10,888 shares during the last quarter.
Finally, Banco Santander S.A. raised its holdings in Gerdau by 58.
4% in the 2nd quarter. Banco Santander S.A.
now owns 77,552 shares of the basic materials company’s stock valued at $256,000 after buying an additional 28,581 shares during the last quarter. Institutional investors and hedge funds own 1.49% of the company’s stock.
Gerdau Price Performance Shares of NYSE:GGB opened at $3.48 on Monday. The company has a debt-to-equity ratio of 0.
21, a quick ratio of 1.36 and a current ratio of 2.83.
Gerdau S.A. has a 52 week low of $2.
92 and a 52 week high of $4.21. The firm has a market cap of $7.
34 billion, a PE ratio of 5.70 and a beta of 1.74.
The firm’s fifty day moving average is $3.25 and its 200-day moving average is $3.39.
Gerdau Increases Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were issued a $0.055 dividend.
This represents a $0.22 dividend on an annualized basis and a yield of 6.32%.
This is a boost from Gerdau’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, August 13th.
Gerdau’s dividend payout ratio (DPR) is presently 13.11%. Gerdau Profile ( Free Report ) Gerdau SA, together with its subsidiaries, operates as a steel producer company.
The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It also provides semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural industries; and special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as in the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets. Recommended Stories Want to see what other hedge funds are holding GGB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Gerdau S.A. ( NYSE:GGB – Free Report ).
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