Y Intercept Hong Kong Ltd Makes New $341,000 Investment in Brady Co. (NYSE:BRC)

Y Intercept Hong Kong Ltd bought a new position in Brady Co. (NYSE:BRC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,623 shares of the industrial products company's stock, valued at approximately $341,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BRC. Transcend Capital Advisors LLC boosted its stake in Brady by 12.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 15,893 shares of the industrial products company's stock valued at $1,174,000 after purchasing an additional 1,805 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Brady by 10.6% in the fourth quarter. Allianz Asset Management GmbH now owns 398,366 shares of the industrial products company's stock worth $29,419,000 after acquiring an additional 38,139 shares during the last quarter. Ieq Capital LLC bought a new position in Brady during the fourth quarter worth $393,000. Bryn Mawr Capital Management LLC acquired a new stake in Brady during the fourth quarter worth about $158,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Brady by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 211,174 shares of the industrial products company's stock worth $15,595,000 after purchasing an additional 7,083 shares in the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

Brady Stock Performance

BRC stock traded up $2.44 during midday trading on Friday, hitting $72.17. The stock had a trading volume of 97,889 shares, compared to its average volume of 262,007. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 17.73 and a beta of 0.72. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. The stock has a 50-day simple moving average of $73.49 and a 200 day simple moving average of $73.93. Brady Co. has a 52 week low of $56.71 and a 52 week high of $77.68.

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Brady (NYSE:BRC - Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.03). Brady had a return on equity of 19.79% and a net margin of 14.19%. The business had revenue of $356.68 million for the quarter, compared to the consensus estimate of $359.21 million. During the same quarter in the prior year, the business earned $0.93 EPS. As a group, equities research analysts anticipate that Brady Co. will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady's dividend payout ratio is currently 24.00%.

Brady 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.