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

BSW Wealth Partners decreased its position in Gerdau S.A. (NYSE:GGB) by 14.3% during the 4th quarter, Holdings Channel.com reports. 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 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Gerdau by 132.8% in the 3rd quarter. Blue Trust Inc. now owns 8,681 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 4,952 shares during the period. Zhang Financial LLC acquired a new position in Gerdau in the fourth quarter valued at approximately $34,000. Rehmann Capital Advisory Group bought a new position in shares of Gerdau during the 3rd quarter worth approximately $37,000. HighTower Advisors LLC acquired a new stake in shares of Gerdau during the 3rd quarter worth approximately $38,000. Finally, MQS Management LLC bought a new stake in shares of Gerdau in the 3rd quarter valued at $56,000. Institutional investors own 1.49% of the company’s stock.

Gerdau Stock Down 1.5 %

Gerdau stock opened at $2.94 on Thursday. The company has a quick ratio of 1.53, a current ratio of 2.98 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $6.10 billion, a PE ratio of 6.40 and a beta of 1.73. The firm’s fifty day moving average is $3.11 and its 200 day moving average is $3.23. Gerdau S.A. has a 12-month low of $2.67 and a 12-month high of $4.04.

Gerdau Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, November 21st were given a dividend of $0.0528 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date of this dividend was Thursday, November 21st. This is a boost from Gerdau’s previous quarterly dividend of $0.00. Gerdau’s dividend payout ratio is 41.45%.

Gerdau Company 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.