GAMMA Investing LLC Has $40,000 Stake in Vale S.A. $VALE

GAMMA Investing LLC increased its holdings in shares of Vale S.A. (NYSE:VALE) by 98.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,075 shares of the basic materials company’s stock after purchasing an additional 2,021 shares during the quarter. GAMMA Investing LLC’s holdings in Vale were worth $40,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in VALE. Rhumbline Advisers lifted its stake in Vale by 25.9% in the first quarter. Rhumbline Advisers now owns 166,125 shares of the basic materials company’s stock valued at $1,658,000 after acquiring an additional 34,185 shares during the last quarter. Merit Financial Group LLC lifted its stake in Vale by 44.4% in the first quarter. Merit Financial Group LLC now owns 20,847 shares of the basic materials company’s stock valued at $208,000 after acquiring an additional 6,412 shares during the last quarter. RFG Advisory LLC acquired a new stake in Vale in the first quarter valued at $140,000. Foster Group Inc. acquired a new stake in Vale in the first quarter valued at $137,000. Finally, SeaCrest Wealth Management LLC lifted its stake in Vale by 13.0% in the first quarter. SeaCrest Wealth Management LLC now owns 33,930 shares of the basic materials company’s stock valued at $339,000 after acquiring an additional 3,900 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Price Performance

NYSE:VALE opened at $11.00 on Friday. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $11.68. The firm has a market cap of $49.95 billion, a price-to-earnings ratio of 8.95 and a beta of 0.80. The firm’s 50-day simple moving average is $10.33 and its 200 day simple moving average is $9.84. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.22.

Vale (NYSE:VALE) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.16. Vale had a net margin of 14.23% and a return on equity of 18.14%. The business had revenue of $8.80 billion for the quarter, compared to analyst estimates of $9.54 billion. As a group, sell-side analysts predict that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 13th were given a dividend of $0.3417 per share. This represents a yield of 740.0%. The ex-dividend date of this dividend was Wednesday, August 13th. Vale’s dividend payout ratio (DPR) is currently 59.35%.

Analysts Set New Price Targets

A number of analysts have commented on VALE shares. UBS Group reiterated a “neutral” rating and issued a $10.00 price target (up previously from $9.00) on shares of Vale in a research note on Monday, August 4th. Barclays increased their price target on shares of Vale from $13.50 to $13.70 and gave the company an “overweight” rating in a research note on Thursday, September 18th. Scotiabank upgraded shares of Vale from a “sector perform” rating to a “sector outperform” rating and set a $14.00 target price for the company in a research note on Thursday, September 18th. Zacks Research cut shares of Vale from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Vale in a research note on Saturday, September 27th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.93.

Vale Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.