10,670 Shares in Paramount Global (NASDAQ:PARAA) Purchased by Gladius Capital Management LP

Gladius Capital Management LP bought a new stake in Paramount Global (NASDAQ:PARAA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,670 shares of the company’s stock, valued at approximately $233,000.

Other large investors have also recently bought and sold shares of the company. Gamco Investors INC. ET AL increased its position in shares of Paramount Global by 2.6% in the first quarter. Gamco Investors INC. ET AL now owns 2,927,163 shares of the company’s stock valued at $63,900,000 after acquiring an additional 74,752 shares during the last quarter. Gabelli Funds LLC grew its stake in Paramount Global by 0.6% in the first quarter. Gabelli Funds LLC now owns 1,863,691 shares of the company’s stock valued at $40,684,000 after purchasing an additional 11,300 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Paramount Global by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 682,998 shares of the company’s stock worth $14,910,000 after purchasing an additional 69,084 shares during the last quarter. Poehling Capital Management INC. raised its stake in shares of Paramount Global by 10.2% during the 2nd quarter. Poehling Capital Management INC. now owns 433,435 shares of the company’s stock worth $7,967,000 after purchasing an additional 40,142 shares in the last quarter. Finally, Mark Asset Management LP acquired a new stake in shares of Paramount Global in the 2nd quarter valued at approximately $3,351,000. Institutional investors and hedge funds own 5.98% of the company’s stock.

Paramount Global Price Performance

Shares of PARAA opened at $22.34 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. The company’s fifty day simple moving average is $21.95 and its 200 day simple moving average is $21.57. Paramount Global has a 1-year low of $16.09 and a 1-year high of $26.34.

Paramount Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.20 annualized dividend and a dividend yield of 0.90%. Paramount Global’s dividend payout ratio is presently -2.43%.

Paramount Global Profile

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.