Public Employees Retirement System of Ohio Takes $435,000 Position in Global Brass and Copper Holdings, Inc. (BRSS)

Public Employees Retirement System of Ohio purchased a new stake in shares of Global Brass and Copper Holdings, Inc. (NYSE:BRSS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,241 shares of the industrial products company’s stock, valued at approximately $435,000. Public Employees Retirement System of Ohio owned 0.07% of Global Brass and Copper Holdings as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Global Brass and Copper Holdings in the first quarter valued at about $108,000. BNP Paribas Arbitrage SA lifted its stake in Global Brass and Copper Holdings 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 during the period. KCG Holdings Inc. acquired a new position in Global Brass and Copper Holdings in the first quarter valued at about $230,000. Campbell & CO Investment Adviser LLC acquired a new position in Global Brass and Copper Holdings in the second quarter valued at about $205,000. Finally, Stevens Capital Management LP acquired a new position in Global Brass and Copper Holdings in the second quarter valued at about $219,000. 93.73% of the stock is currently owned by institutional investors and hedge funds.

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Global Brass and Copper Holdings, Inc. (BRSS) opened at $33.35 on Tuesday. Global Brass and Copper Holdings, Inc. has a one year low of $28.00 and a one year high of $39.85. The company has a quick ratio of 2.00, a current ratio of 3.26 and a debt-to-equity ratio of 2.19. The firm has a market capitalization of $751.30, a PE ratio of 13.35 and a beta of 0.49.

Global Brass and Copper Holdings (NYSE:BRSS) last released its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. The company had revenue of $378.60 million for the quarter, compared to analyst estimates of $376.00 million. Global Brass and Copper Holdings had a return on equity of 47.75% and a net margin of 3.61%. Global Brass and Copper Holdings’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 earnings per share. equities research analysts expect that Global Brass and Copper Holdings, Inc. will post 2.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 13th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, November 10th. Global Brass and Copper Holdings’s dividend payout ratio is currently 9.96%.

Several research firms have weighed in on BRSS. ValuEngine lowered Global Brass and Copper Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. BidaskClub raised Global Brass and Copper Holdings from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Finally, Zacks Investment Research lowered Global Brass and Copper Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th.

About Global Brass and Copper Holdings

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 Holdings (NYSE:BRSS)

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