22,540 Shares in Gerdau S.A. (NYSE:GGB) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of Gerdau S.A. (NYSE:GGB) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 22,540 shares of the basic materials company’s stock, valued at approximately $79,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Daiwa Securities Group Inc. increased its position in shares of Gerdau by 6.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 309,558 shares of the basic materials company’s stock worth $1,083,000 after purchasing an additional 20,000 shares during the last quarter. West Family Investments Inc. acquired a new stake in shares of Gerdau during the 3rd quarter worth about $85,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Gerdau during the 3rd quarter worth about $926,000. Caprock Group LLC increased its position in shares of Gerdau by 161.9% during the 3rd quarter. Caprock Group LLC now owns 105,013 shares of the basic materials company’s stock worth $368,000 after purchasing an additional 64,923 shares during the last quarter. Finally, MQS Management LLC acquired a new position in Gerdau in the 3rd quarter valued at about $56,000. 1.49% of the stock is owned by institutional investors and hedge funds.

Gerdau Stock Performance

NYSE GGB opened at $3.44 on Wednesday. The company has a market cap of $7.15 billion, a P/E ratio of 7.51 and a beta of 1.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.98 and a quick ratio of 1.53. The stock has a 50-day moving average of $3.35 and a two-hundred day moving average of $3.31. Gerdau S.A. has a 1-year low of $2.92 and a 1-year high of $4.10.

Gerdau Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Thursday, November 21st will be given a $0.0528 dividend. This is an increase from Gerdau’s previous quarterly dividend of $0.00. This represents a $0.21 annualized dividend and a yield of 6.14%. The ex-dividend date is Thursday, November 21st. Gerdau’s payout ratio is currently 43.64%.

About Gerdau

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.