Russell Investments Group Ltd. lessened its stake in shares of Global Brass and Copper Holdings, Inc. (NYSE:BRSS) by 25.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,069 shares of the industrial products company’s stock after selling 7,384 shares during the quarter. Russell Investments Group Ltd. owned about 0.10% of Global Brass and Copper Holdings worth $674,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BRSS. Bank of America Corp DE boosted its holdings in shares of Global Brass and Copper Holdings by 68.1% during the 1st quarter. Bank of America Corp DE now owns 179,760 shares of the industrial products company’s stock valued at $6,184,000 after acquiring an additional 72,849 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Global Brass and Copper Holdings by 51.2% during the 1st quarter. First Trust Advisors LP now owns 209,934 shares of the industrial products company’s stock valued at $7,222,000 after acquiring an additional 71,063 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Global Brass and Copper Holdings by 8.2% during the 1st quarter. Renaissance Technologies LLC now owns 818,800 shares of the industrial products company’s stock valued at $28,167,000 after acquiring an additional 61,900 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Global Brass and Copper Holdings by 21.3% during the 1st quarter. Geode Capital Management LLC now owns 289,171 shares of the industrial products company’s stock valued at $9,947,000 after acquiring an additional 50,711 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its holdings in shares of Global Brass and Copper Holdings by 12.3% during the 1st quarter. ClariVest Asset Management LLC now owns 327,695 shares of the industrial products company’s stock valued at $11,272,000 after acquiring an additional 35,800 shares during the last quarter. 95.61% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, Director Martin E. Welch sold 3,708 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $29.08, for a total transaction of $107,828.64. Following the sale, the director now owns 21,686 shares in the company, valued at $630,628.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is currently owned by insiders.

Shares of Global Brass and Copper Holdings, Inc. (NYSE:BRSS) traded up 0.32% during mid-day trading on Monday, hitting $31.50. 19,345 shares of the stock were exchanged. The stock’s 50 day moving average is $29.67 and its 200-day moving average is $31.98. Global Brass and Copper Holdings, Inc. has a 12 month low of $22.75 and a 12 month high of $39.85. The stock has a market cap of $689.98 million, a PE ratio of 15.43 and a beta of 0.46.

Global Brass and Copper Holdings (NYSE:BRSS) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.03. Global Brass and Copper Holdings had a return on equity of 55.01% and a net margin of 3.10%. The business had revenue of $377.40 million for the quarter, compared to analyst estimates of $398.45 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. On average, analysts anticipate that Global Brass and Copper Holdings, Inc. will post $2.66 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Monday, August 14th were paid a dividend of $0.06 per share. This is a positive change from Global Brass and Copper Holdings’s previous quarterly dividend of $0.04. The ex-dividend date was Thursday, August 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.76%. Global Brass and Copper Holdings’s payout ratio is presently 11.82%.

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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