Harmony Gold Mining Company Limited (NYSE:HMY) Shares Sold by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. lowered its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 35.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,130 shares of the mining company’s stock after selling 10,428 shares during the period. First Trust Direct Indexing L.P.’s holdings in Harmony Gold Mining were worth $118,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Assenagon Asset Management S.A. purchased a new position in Harmony Gold Mining during the fourth quarter worth about $1,723,000. Citigroup Inc. lifted its position in Harmony Gold Mining by 59.4% during the third quarter. Citigroup Inc. now owns 19,755 shares of the mining company’s stock worth $74,000 after buying an additional 7,361 shares during the period. Fifth Third Bancorp purchased a new position in Harmony Gold Mining during the fourth quarter worth about $34,000. Rathbones Group PLC lifted its position in Harmony Gold Mining by 977.4% during the third quarter. Rathbones Group PLC now owns 126,060 shares of the mining company’s stock worth $475,000 after buying an additional 114,360 shares during the period. Finally, American Century Companies Inc. lifted its position in Harmony Gold Mining by 26.2% during the third quarter. American Century Companies Inc. now owns 2,750,629 shares of the mining company’s stock worth $10,342,000 after buying an additional 571,247 shares during the period. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

Harmony Gold Mining stock opened at $8.87 on Thursday. The stock’s 50-day moving average is $8.22 and its 200-day moving average is $6.57. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.11 and a current ratio of 1.62. Harmony Gold Mining Company Limited has a 12 month low of $3.41 and a 12 month high of $9.80.

Harmony Gold Mining Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 12th were issued a $0.062 dividend. This represents a dividend yield of 1.2%. This is an increase from Harmony Gold Mining’s previous Semi-Annual dividend of $0.03. The ex-dividend date was Thursday, April 11th.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. StockNews.com downgraded Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 12th. HSBC downgraded Harmony Gold Mining from a “hold” rating to a “reduce” rating in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. raised their price objective on Harmony Gold Mining from $3.20 to $4.90 and gave the stock an “underweight” rating in a report on Wednesday, April 17th.

Harmony Gold Mining Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.