MQS Management LLC Invests $56,000 in Gerdau S.A. (NYSE:GGB)

MQS Management LLC acquired a new position in Gerdau S.A. (NYSE:GGB) during the third quarter, HoldingsChannel reports. The institutional investor acquired 15,961 shares of the basic materials company’s stock, valued at approximately $56,000.

A number of other large investors have also recently made changes to their positions in GGB. BSW Wealth Partners lifted its stake in shares of Gerdau by 33.8% in the 3rd quarter. BSW Wealth Partners now owns 57,254 shares of the basic materials company’s stock valued at $200,000 after purchasing an additional 14,464 shares during the period. Ballentine Partners LLC lifted its stake in shares of Gerdau by 61.3% in the 3rd quarter. Ballentine Partners LLC now owns 18,164 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 6,906 shares during the period. Blue Trust Inc. lifted its stake in shares of Gerdau by 132.8% in the 3rd quarter. Blue Trust Inc. now owns 8,681 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 4,952 shares during the period. Inspire Advisors LLC lifted its stake in shares of Gerdau by 10.2% in the 3rd quarter. Inspire Advisors LLC now owns 45,892 shares of the basic materials company’s stock valued at $161,000 after purchasing an additional 4,229 shares during the period. Finally, Creative Planning lifted its stake in shares of Gerdau by 7.9% in the 3rd quarter. Creative Planning now owns 111,022 shares of the basic materials company’s stock valued at $389,000 after purchasing an additional 8,168 shares during the period. 1.49% of the stock is currently owned by institutional investors.

Gerdau Trading Up 1.3 %

GGB opened at $3.46 on Friday. The stock has a market cap of $7.28 billion, a PE ratio of 7.51 and a beta of 1.75. The company has a quick ratio of 1.53, a current ratio of 2.98 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average of $3.32 and a 200-day moving average of $3.34. Gerdau S.A. has a 52 week low of $2.92 and a 52 week high of $4.21.

Gerdau Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Thursday, November 21st will be paid a $0.0528 dividend. This represents a $0.21 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Gerdau’s previous quarterly dividend of $0.00. Gerdau’s dividend payout ratio (DPR) is presently 43.48%.

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.