BSW Wealth Partners Sells 8,210 Shares of Gerdau S.A. (NYSE:GGB)

BSW Wealth Partners reduced its stake in Gerdau S.A. (NYSE:GGB) by 14.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,044 shares of the basic materials company’s stock after selling 8,210 shares during the period. BSW Wealth Partners’ holdings in Gerdau were worth $141,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Gerdau by 307.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,037,480 shares of the basic materials company’s stock valued at $3,631,000 after buying an additional 782,980 shares in the last quarter. Walleye Capital LLC lifted its stake in shares of Gerdau by 42.3% in the 3rd quarter. Walleye Capital LLC now owns 1,295,926 shares of the basic materials company’s stock valued at $4,536,000 after acquiring an additional 385,535 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Gerdau by 298.1% during the 3rd quarter. Two Sigma Advisers LP now owns 6,097,460 shares of the basic materials company’s stock valued at $21,341,000 after acquiring an additional 4,565,900 shares in the last quarter. State Street Corp increased its holdings in Gerdau by 1.4% in the 3rd quarter. State Street Corp now owns 2,865,244 shares of the basic materials company’s stock worth $10,028,000 after purchasing an additional 40,702 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Gerdau in the third quarter valued at about $1,741,000. 1.49% of the stock is owned by institutional investors.

Gerdau Stock Performance

NYSE:GGB opened at $2.94 on Thursday. The stock’s 50-day moving average is $3.11 and its 200-day moving average is $3.23. The stock has a market cap of $6.10 billion, a P/E ratio of 6.40 and a beta of 1.73. Gerdau S.A. has a 1-year low of $2.67 and a 1-year high of $4.04. The company has a current ratio of 2.98, a quick ratio of 1.53 and a debt-to-equity ratio of 0.21.

Gerdau Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, November 21st were given a dividend of $0.0528 per share. This is a positive change from Gerdau’s previous quarterly dividend of $0.00. This represents a $0.21 annualized dividend and a yield of 7.20%. The ex-dividend date was Thursday, November 21st. Gerdau’s dividend payout ratio (DPR) is currently 41.45%.

Gerdau Profile

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.