Wellington Management Group LLP Sells 183,955 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Wellington Management Group LLP lessened its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,492,478 shares of the mining company's stock after selling 183,955 shares during the quarter. Wellington Management Group LLP owned about 0.39% of Harmony Gold Mining worth $20,463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Grove Bank & Trust raised its stake in Harmony Gold Mining by 400.0% in the fourth quarter. Grove Bank & Trust now owns 5,000 shares of the mining company's stock valued at $41,000 after purchasing an additional 4,000 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Harmony Gold Mining by 230.3% in the 4th quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company's stock valued at $48,000 after buying an additional 4,081 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Harmony Gold Mining during the 4th quarter worth approximately $77,000. Alliance Wealth Advisors LLC UT acquired a new stake in shares of Harmony Gold Mining during the 4th quarter worth approximately $88,000. Finally, Private Advisor Group LLC boosted its position in shares of Harmony Gold Mining by 18.0% during the 4th quarter. Private Advisor Group LLC now owns 13,037 shares of the mining company's stock worth $107,000 after acquiring an additional 1,987 shares in the last quarter. Institutional investors own 31.79% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday, March 7th.

Harmony Gold Mining Trading Up 5.7 %

Shares of NYSE:HMY traded up $0.92 during midday trading on Friday, hitting $17.16. 10,417,181 shares of the stock were exchanged, compared to its average volume of 5,272,367. The business's 50-day moving average price is $12.42 and its 200 day moving average price is $10.67. Harmony Gold Mining Company Limited has a 12 month low of $7.97 and a 12 month high of $17.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of 0.63 and a beta of 1.42.

Harmony Gold Mining Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 11th will be issued a dividend of $0.1245 per share. The ex-dividend date is Friday, April 11th. This is an increase from Harmony Gold Mining's previous semi-annual dividend of $0.04. This represents a yield of 0.9%. Harmony Gold Mining's payout ratio is presently 11.24%.

About Harmony Gold Mining

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.