Advisors Asset Management Inc. Acquires 7,217 Shares of Gerdau S.A. (NYSE:GGB)

Advisors Asset Management Inc. increased its holdings in Gerdau S.A. (NYSE:GGBGet Rating) by 13.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,606 shares of the basic materials company’s stock after purchasing an additional 7,217 shares during the period. Advisors Asset Management Inc.’s holdings in Gerdau were worth $260,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Donoghue Forlines LLC bought a new stake in Gerdau in the second quarter worth $403,000. Credit Agricole S A boosted its stake in Gerdau by 16.1% during the second quarter. Credit Agricole S A now owns 38,320 shares of the basic materials company’s stock worth $164,000 after buying an additional 5,320 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Gerdau during the second quarter worth $1,179,000. Envestnet Asset Management Inc. boosted its stake in Gerdau by 681.7% during the second quarter. Envestnet Asset Management Inc. now owns 413,462 shares of the basic materials company’s stock worth $1,773,000 after buying an additional 360,570 shares during the period. Finally, Assetmark Inc. purchased a new position in Gerdau during the second quarter worth $44,000. Institutional investors own 2.12% of the company’s stock.

Gerdau Stock Down 0.9 %

NYSE GGB opened at $5.59 on Monday. The company has a quick ratio of 1.12, a current ratio of 2.25 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $4.96 and a two-hundred day moving average of $4.94. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 3.61, a PEG ratio of 0.18 and a beta of 1.51. Gerdau S.A. has a 52 week low of $3.94 and a 52 week high of $6.62.

Gerdau Announces Dividend

The company also recently disclosed a Variable dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, November 23rd will be paid a dividend of $0.404 per share. This represents a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, November 22nd. Gerdau’s payout ratio is 36.13%.

Gerdau Company Profile

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Gerdau SA provides steel products and services. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It offers 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; finished industrial products, including commercial rolled-steel bars, and light profiles and wires; agricultural products that include stakes and smooth wire products; and drawn products comprises barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire meshes, nails, and clamps.

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Institutional Ownership by Quarter for Gerdau (NYSE:GGB)

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