Grindrod Shipping (NASDAQ:GRIN) Trading 0.8% Higher

Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN – Get Rating)’s share price traded up 0.8% on Monday . The stock traded as high as $11.35 and last traded at $10.65. 30,563 shares changed hands during trading, a decline of 68% from the average session volume of 94,665 shares. The stock had previously closed at $10.57.

Wall Street Analyst Weigh In

Separately, TheStreet cut Grindrod Shipping from a “b” rating to a “c+” rating in a report on Friday, February 17th.

Grindrod Shipping Trading Up 0.8 %

The firm has a market capitalization of $205.01 million, a price-to-earnings ratio of 1.99 and a beta of 0.67. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average price of $11.57 and a two-hundred day moving average price of $16.90.

Grindrod Shipping (NASDAQ:GRIN – Get Rating) last announced its earnings results on Wednesday, February 15th. The company reported $0.56 earnings per share (EPS) for the quarter. The company had revenue of $60.10 million for the quarter. Grindrod Shipping had a return on equity of 34.43% and a net margin of 22.45%.

Grindrod Shipping Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 17th. Shareholders of record on Friday, March 10th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, March 9th. Grindrod Shipping’s payout ratio is 2.25%.

Institutional Trading of Grindrod Shipping

A number of large investors have recently modified their holdings of GRIN. Quantbot Technologies LP purchased a new stake in shares of Grindrod Shipping during the first quarter worth $35,000. Captrust Financial Advisors purchased a new stake in shares of Grindrod Shipping during the first quarter worth $38,000. UBS Group AG increased its position in shares of Grindrod Shipping by 4,103.9% during the second quarter. UBS Group AG now owns 5,423 shares of the company’s stock worth $93,000 after acquiring an additional 5,294 shares during the period. BlackRock Inc. acquired a new position in shares of Grindrod Shipping during the first quarter worth $109,000. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Grindrod Shipping by 222.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 10,106 shares of the company’s stock worth $189,000 after purchasing an additional 6,969 shares in the last quarter. Hedge funds and other institutional investors own 43.14% of the company’s stock.

About Grindrod Shipping

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Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 32 vessels consisting of 24 owned dry bulk carriers and 7 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers.