Quantbot Technologies LP Makes New $77,000 Investment in Harmony Gold Mining Company Limited (NYSE:HMY)

Quantbot Technologies LP bought a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) during the fourth quarter, Holdings Channel reports. The institutional investor bought 9,406 shares of the mining company’s stock, valued at approximately $77,000.

A number of other large investors also recently modified their holdings of HMY. ABC Arbitrage SA acquired a new stake in Harmony Gold Mining during the fourth quarter worth about $20,229,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Harmony Gold Mining during the 3rd quarter worth approximately $1,412,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Harmony Gold Mining in the 4th quarter worth approximately $923,000. HighTower Advisors LLC boosted its position in Harmony Gold Mining by 298.5% during the 3rd quarter. HighTower Advisors LLC now owns 52,383 shares of the mining company’s stock valued at $525,000 after purchasing an additional 39,237 shares during the period. Finally, Caprock Group LLC bought a new position in Harmony Gold Mining during the 4th quarter worth $188,000. 31.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Friday, March 7th.

Harmony Gold Mining Stock Performance

HMY opened at $14.77 on Tuesday. Harmony Gold Mining Company Limited has a twelve month low of $7.97 and a twelve month high of $14.79. The stock has a market cap of $9.37 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 0.63 and a beta of 1.85. The business’s 50 day moving average is $11.64 and its 200-day moving average is $10.35. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

Harmony Gold Mining Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 11th will be given a dividend of $0.1245 per share. This represents a yield of 0.9%. The ex-dividend date is Friday, April 11th. This is a positive change from Harmony Gold Mining’s previous semi-annual dividend of $0.04. Harmony Gold Mining’s payout ratio is 11.24%.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.