GSA Capital Partners LLP Invests $645,000 in Brady Co. (NYSE:BRC)

GSA Capital Partners LLP acquired a new position in shares of Brady Co. (NYSE:BRC - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,417 shares of the industrial products company's stock, valued at approximately $645,000.

A number of other hedge funds also recently bought and sold shares of BRC. Vanguard Group Inc. raised its holdings in Brady by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,307,191 shares of the industrial products company's stock worth $314,610,000 after acquiring an additional 32,437 shares during the period. Dimensional Fund Advisors LP grew its holdings in Brady by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,510,180 shares of the industrial products company's stock valued at $99,701,000 after buying an additional 24,786 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Brady by 23.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 560,274 shares of the industrial products company's stock worth $36,631,000 after buying an additional 106,652 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Brady by 20.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 479,057 shares of the industrial products company's stock worth $36,710,000 after buying an additional 82,438 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Brady by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 381,845 shares of the industrial products company's stock valued at $25,209,000 after acquiring an additional 16,469 shares during the period. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Stock Performance

Shares of BRC stock traded down $0.50 during mid-day trading on Tuesday, reaching $69.64. The stock had a trading volume of 395,466 shares, compared to its average volume of 273,936. The firm has a market cap of $3.31 billion, a PE ratio of 17.05, a P/E/G ratio of 3.43 and a beta of 0.76. The company has a quick ratio of 1.69, a current ratio of 2.27 and a debt-to-equity ratio of 0.09. Brady Co. has a one year low of $52.99 and a one year high of $77.68. The firm's 50 day simple moving average is $74.31 and its 200 day simple moving average is $70.05.

Brady (NYSE:BRC - Get Free Report) last announced its quarterly earnings results on Monday, November 18th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. The firm had revenue of $377.10 million for the quarter, compared to analyst estimates of $365.88 million. Brady had a net margin of 14.70% and a return on equity of 19.84%. The business's revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 EPS. On average, analysts forecast that Brady Co. will post 4.55 EPS for the current year.

Brady Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, October 10th. This is a boost from Brady's previous quarterly dividend of $0.24. Brady's dividend payout ratio (DPR) is presently 23.59%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Brady from a "strong-buy" rating to a "buy" rating in a report on Friday, October 11th.

Insiders Place Their Bets

In related news, CEO Russell Shaller sold 12,547 shares of the business's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $73.08, for a total value of $916,934.76. Following the completion of the transaction, the chief executive officer now owns 102,905 shares in the company, valued at $7,520,297.40. The trade was a 10.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Andrew Gorman sold 8,736 shares of Brady stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $74.10, for a total value of $647,337.60. Following the completion of the sale, the general counsel now directly owns 10,140 shares of the company's stock, valued at $751,374. This trade represents a 46.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,262 shares of company stock valued at $3,371,231. Insiders own 15.60% of the company's stock.

Brady Company Profile

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.