Segall Bryant & Hamill LLC Lowers Stake in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Segall Bryant & Hamill LLC decreased its holdings in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 173,525 shares of the company’s stock after selling 10,929 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.90% of Caledonia Mining worth $1,633,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. increased its stake in Caledonia Mining by 60.7% in the 4th quarter. American Century Companies Inc. now owns 347,981 shares of the company’s stock valued at $3,275,000 after buying an additional 131,451 shares during the period. Martingale Asset Management L P increased its stake in shares of Caledonia Mining by 164.5% during the third quarter. Martingale Asset Management L P now owns 76,063 shares of the company’s stock worth $1,138,000 after acquiring an additional 47,307 shares during the period. Globeflex Capital L P purchased a new position in Caledonia Mining during the fourth quarter worth about $436,000. Los Angeles Capital Management LLC lifted its position in Caledonia Mining by 112.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 71,394 shares of the company’s stock valued at $672,000 after purchasing an additional 37,724 shares during the period. Finally, Empowered Funds LLC boosted its holdings in Caledonia Mining by 27.0% in the 4th quarter. Empowered Funds LLC now owns 88,684 shares of the company’s stock valued at $835,000 after purchasing an additional 18,836 shares in the last quarter. Hedge funds and other institutional investors own 31.78% of the company’s stock.

Caledonia Mining Stock Performance

Shares of NYSEAMERICAN CMCL opened at $11.61 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.04. Caledonia Mining Co. Plc has a one year low of $8.81 and a one year high of $16.95. The stock has a market cap of $223.14 million, a price-to-earnings ratio of 24.19 and a beta of 0.68. The stock’s fifty day moving average is $10.29.

Caledonia Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.56 annualized dividend and a yield of 4.82%. Caledonia Mining’s payout ratio is currently 116.67%.

Analyst Upgrades and Downgrades

Separately, Maxim Group raised Caledonia Mining to a “strong-buy” rating in a research note on Friday, January 3rd.

About Caledonia Mining

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.