The most recent 13F filing that Barclays PLC made with the Securities and Exchange Commission revealed that during the third quarter, the company’s holdings in Grindrod Shipping Holdings Ltd (NASDAQ: GRIN) were reduced by 33.8%.
The institutional investor now has 36,692 shares of the company’s stock in possession after selling 18,775 shares during the most recent quarter of the company’s financial year.
The most recent report that Barclays PLC provided to the Securities and Exchange Commission revealed that the company owned approximately 0.19% of Grindrod Shipping, which had a value of $878,000.
Recent transactions have resulted in several institutional investors and other hedge funds modifying the amount of the company’s stock that they currently hold in their portfolios.
During the second quarter of this year, AE Wealth Management LLC invested $330,000 in Grindrod Shipping.
The money came from the company’s portfolio. Quantbot Technologies LP’s ownership stake in Grindrod Shipping increased by 1,380.2% during the second quarter due to the company’s recent acquisitions. Quantbot Technologies LP now has a total of the company’s stock worth $355,000 after purchasing an additional 19,323 shares over the quarter.
These new shares bring the company’s total number to a value of the percentage of Grindrod Shipping stock that Private Advisor Group LLC owns increased by 28.2% during the third quarter.
Private Advisor Group LLC now has a total of 63,925 shares of the company’s stock, which has a current value of $1,530,000 after purchasing an additional 14,077 shares during the period in question.
During the second quarter, PDT Partners LLC successfully acquired a new investment in Grindrod Shipping at a total cost of approximately $1,267,000.
Last but certainly not least, during the second quarter of 2018, Steward Partners Investment Advisory LLC expanded its holdings in Grindrod Shipping by 14.5% by purchasing additional company shares. Since the beginning of the most recent quarter, the number of shares Steward Partners Investment Advisory LLC owns in the company has increased by 3,420, bringing the total number of shares it holds to 27,058. Steward Partners Investment Advisory LLC is an investment advisory firm.
These shares have a value of $464,000 as of right now.
Institutional investors and investors who participate in hedge funds own a combined 43.14 percent of the company’s outstanding shares of stock.
Trading on the NASDAQ took place on Thursday. GRIN was initially offered for $16.78.
During the past year, the price of Grindrod Shipping Holdings Ltd fluctuated between a low of $13.53 and a high of $28.98.
This price range was experienced throughout the entire year.
Although the debt-to-equity ratio is low at 0.44, the current, quick, and current ratios are all equal to 2.25.
Both the company’s price-to-earnings ratio, which is 2.04, and its beta value, which is 0.69, are very high.
At the moment, the total value of the company, as measured by its market capitalization, is $323.02 million.
The simple moving average of the company’s stock price over the past 50 days is $17.55, and the simple moving average of its stock price over the past 200 days is $21.30.
On November 16, the most recent quarterly earnings report for Grindrod Shipping, traded on the NASDAQ under the symbol GRIN, was made public.
During the time frame examined in this report, the business realized a profit of $1.40 for each outstanding share. Grindrod Shipping had a return on equity of 45.75 percent, while the company’s net margin was 30.8 two points eight two percent.
The sum of $83.78 million was recorded as the company’s total revenue during the period in question.
As a result of recent happenings, several equity analysts have expressed their thoughts on the GRIN stock. Noble Financial downgraded Grindrod Shipping from an “outperform” recommendation to a “market perform” rating within the scope of a research report published on Thursday, October 13. Following the findings of a study released on January 19, TheStreet gave Grindrod Shipping a rating of “b,” up from the previous grade of “c+.” Alliance Global Partners shifted their recommendation for Grindrod Shipping from “buy” to “neutral” in a report published on Thursday, October 13.
This indicates that they do not have a strong opinion either way regarding the stock.
Tankers and dry bulk carriers are part of the fleet owned, chartered, and managed by the multinational shipping company Grindrod Shipping Holdings Ltd Its fleet of 32 ships, which transports a wide variety of bulk and breakbulk commodities, includes seven dry bulk carriers hired on a long-term basis and 24 dry bulk carriers that the company owns. Fertilizers, grains, ores, coal, and steel products are all examples of these commodities.
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