Today, 13,000 Shares of Global Brass and Copper Holdings Inc. (BRSS) Stock are sold by Robert T. Micchelli

Today, 13,000 Shares of Global Brass and Copper Holdings Inc. (BRSS) Stock are sold by Robert T. Micchelli

Global Brass and Copper Holdings Inc. (NYSE:BRSS) insider Robert T. Micchelli sold 13,000 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $30.06, for a total value of $390,780.00. Following the transaction, the insider now directly owns 46,479 shares in the company, valued at $1,397,158.74. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of Global Brass and Copper Holdings Inc. (NYSE:BRSS) traded up 0.49% on Friday, hitting $30.85. The stock had a trading volume of 67,802 shares. Global Brass and Copper Holdings Inc. has a 12-month low of $18.65 and a 12-month high of $31.20. The company has a market cap of $666.82 million, a price-to-earnings ratio of 23.71 and a beta of 0.47. The stock has a 50 day moving average price of $29.01 and a 200-day moving average price of $28.24.

The company also recently declared a dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, November 9th. Global Brass and Copper Holdings’s dividend payout ratio is currently 11.54%.

Separately, Zacks Investment Research lowered Global Brass and Copper Holdings from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 11th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRSS. Panagora Asset Management Inc. purchased a new position in Global Brass and Copper Holdings during the third quarter valued at approximately $146,000. BlackRock Inc. raised its position in Global Brass and Copper Holdings by 237.3% in the second quarter. BlackRock Inc. now owns 5,438 shares of the company’s stock worth $148,000 after buying an additional 3,826 shares during the period. Acrospire Investment Management LLC raised its position in Global Brass and Copper Holdings by 37.7% in the second quarter. Acrospire Investment Management LLC now owns 5,843 shares of the company’s stock worth $159,000 after buying an additional 1,600 shares during the period. Societe Generale bought a new position in Global Brass and Copper Holdings during the second quarter worth about $226,000. Finally, SG Americas Securities LLC bought a new position in Global Brass and Copper Holdings during the second quarter worth about $226,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

About Global Brass and Copper Holdings

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