MQS Management LLC Takes Position in Gerdau S.A. (NYSE:GGB)

MQS Management LLC purchased a new position in shares of Gerdau S.A. (NYSE:GGB) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,961 shares of the basic materials company’s stock, valued at approximately $56,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BSW Wealth Partners grew its position in Gerdau by 33.8% during the 3rd quarter. BSW Wealth Partners now owns 57,254 shares of the basic materials company’s stock worth $200,000 after acquiring an additional 14,464 shares during the last quarter. Ballentine Partners LLC grew its position in Gerdau by 61.3% during the 3rd quarter. Ballentine Partners LLC now owns 18,164 shares of the basic materials company’s stock worth $64,000 after acquiring an additional 6,906 shares during the last quarter. Blue Trust Inc. grew its position in Gerdau by 132.8% during the 3rd quarter. Blue Trust Inc. now owns 8,681 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 4,952 shares during the last quarter. Inspire Advisors LLC grew its position in Gerdau by 10.2% during the 3rd quarter. Inspire Advisors LLC now owns 45,892 shares of the basic materials company’s stock worth $161,000 after acquiring an additional 4,229 shares during the last quarter. Finally, Creative Planning grew its position in Gerdau by 7.9% during the 3rd quarter. Creative Planning now owns 111,022 shares of the basic materials company’s stock worth $389,000 after acquiring an additional 8,168 shares during the last quarter. 1.49% of the stock is currently owned by institutional investors.

Gerdau Price Performance

GGB opened at $3.46 on Friday. The stock’s 50 day simple moving average is $3.32 and its 200 day simple moving average is $3.34. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.98 and a quick ratio of 1.53. Gerdau S.A. has a 1 year low of $2.92 and a 1 year high of $4.21. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 7.51 and a beta of 1.75.

Gerdau Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Thursday, November 21st will be given a $0.0528 dividend. This is a positive change from Gerdau’s previous quarterly dividend of $0.00. This represents a $0.21 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date is Thursday, November 21st. Gerdau’s dividend payout ratio (DPR) is currently 43.48%.

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.