Los Angeles Capital Management LLC Takes $504,000 Position in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Los Angeles Capital Management LLC acquired a new position in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 33,670 shares of the company’s stock, valued at approximately $504,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CMCL. Russell Investments Group Ltd. increased its position in Caledonia Mining by 144.7% during the 1st quarter. Russell Investments Group Ltd. now owns 2,239 shares of the company’s stock valued at $25,000 after buying an additional 1,324 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Caledonia Mining by 56.8% in the 1st quarter. BNP Paribas Financial Markets now owns 7,954 shares of the company’s stock valued at $88,000 after purchasing an additional 2,882 shares during the last quarter. Rhumbline Advisers boosted its stake in Caledonia Mining by 22.5% in the 2nd quarter. Rhumbline Advisers now owns 20,627 shares of the company’s stock worth $200,000 after purchasing an additional 3,795 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Caledonia Mining during the 2nd quarter worth approximately $314,000. Finally, Marshall Wace LLP acquired a new position in Caledonia Mining during the 2nd quarter valued at approximately $384,000. Hedge funds and other institutional investors own 31.78% of the company’s stock.

Caledonia Mining Trading Down 2.5 %

NYSEAMERICAN:CMCL opened at $11.15 on Friday. The firm has a market cap of $143.05 million, a PE ratio of 23.23 and a beta of 0.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.44 and a quick ratio of 1.03. Caledonia Mining Co. Plc has a 12 month low of $8.91 and a 12 month high of $16.95.

Caledonia Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.14 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 5.02%. Caledonia Mining’s dividend payout ratio is currently 116.67%.

Caledonia Mining Company Profile

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.