Los Angeles Capital Management LLC Makes New $504,000 Investment in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Los Angeles Capital Management LLC bought a new stake in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 33,670 shares of the company’s stock, valued at approximately $504,000. Los Angeles Capital Management LLC owned approximately 0.26% of Caledonia Mining at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in Caledonia Mining by 144.7% during the first quarter. Russell Investments Group Ltd. now owns 2,239 shares of the company’s stock worth $25,000 after buying an additional 1,324 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Caledonia Mining by 56.8% during the 1st quarter. BNP Paribas Financial Markets now owns 7,954 shares of the company’s stock worth $88,000 after purchasing an additional 2,882 shares during the period. Rhumbline Advisers grew its holdings in Caledonia Mining by 22.5% during the 2nd quarter. Rhumbline Advisers now owns 20,627 shares of the company’s stock valued at $200,000 after purchasing an additional 3,795 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Caledonia Mining in the 2nd quarter worth about $314,000. Finally, Marshall Wace LLP bought a new stake in Caledonia Mining in the second quarter worth about $384,000. Institutional investors own 31.78% of the company’s stock.

Caledonia Mining Trading Down 2.5 %

CMCL stock opened at $11.15 on Friday. The firm has a market capitalization of $143.05 million, a price-to-earnings ratio of 23.23 and a beta of 0.72. Caledonia Mining Co. Plc has a twelve month low of $8.91 and a twelve month high of $16.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.03 and a current ratio of 1.44.

Caledonia Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a $0.14 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.56 annualized dividend and a yield of 5.02%. Caledonia Mining’s dividend payout ratio (DPR) is currently 116.67%.

Caledonia Mining Profile

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.