Regal Partners Ltd Takes $10.27 Million Position in Vale S.A. (NYSE:VALE)

Regal Partners Ltd purchased a new position in Vale S.A. (NYSE:VALE) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 919,376 shares of the basic materials company’s stock, valued at approximately $10,269,000. Vale comprises about 1.1% of Regal Partners Ltd’s holdings, making the stock its 23rd largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc acquired a new position in Vale in the first quarter worth about $26,000. Pacifica Partners Inc. acquired a new position in shares of Vale in the 2nd quarter worth approximately $27,000. Richardson Financial Services Inc. bought a new stake in shares of Vale in the 4th quarter valued at approximately $31,000. Lowe Wealth Advisors LLC bought a new stake in shares of Vale in the 2nd quarter valued at approximately $45,000. Finally, Founders Capital Management raised its position in shares of Vale by 111.1% during the 1st quarter. Founders Capital Management now owns 3,800 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors own 21.85% of the company’s stock.

Vale Price Performance

Shares of VALE stock opened at $10.00 on Wednesday. Vale S.A. has a 52 week low of $9.66 and a 52 week high of $16.08. The stock has a market capitalization of $44.83 billion, a PE ratio of 5.52, a PEG ratio of 3.58 and a beta of 0.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.73 and a current ratio of 1.08. The stock’s fifty day moving average is $10.79 and its 200-day moving average is $11.77.

Vale (NYSE:VALE) last posted its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. Vale had a net margin of 23.07% and a return on equity of 22.23%. The firm had revenue of $9.92 billion during the quarter, compared to analysts’ expectations of $9.97 billion. Equities research analysts expect that Vale S.A. will post 2.13 EPS for the current fiscal year.

Vale Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Monday, August 5th will be paid a dividend of $0.3698 per share. This represents a dividend yield of 12.1%. The ex-dividend date of this dividend is Monday, August 5th. This is a positive change from Vale’s previous semi-annual dividend of $0.32. Vale’s dividend payout ratio is 64.09%.

Analyst Upgrades and Downgrades

VALE has been the topic of a number of research reports. BNP Paribas raised shares of Vale from an “underperform” rating to a “neutral” rating in a report on Friday, June 21st. Morgan Stanley reduced their price objective on Vale from $18.00 to $15.50 and set an “overweight” rating for the company in a research report on Friday, June 21st. Wolfe Research cut Vale from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 17th. Finally, UBS Group reduced their price target on shares of Vale from $15.00 to $14.50 and set a “buy” rating for the company in a research note on Friday, July 5th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.72.

Vale Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.