According to the most recent filing that the company made with the Securities and Exchange Commission, Russell Investments Group Ltd sold off some of its holdings in German American Bancorp, INC (NASDAQ: GABC) during the third quarter.
The company provided this information.
The fund had a total holding of 62,360 shares of the bank’s stock before the transaction, which resulted in the sale of 5,025 of those shares during the period.
At the close of the most recent fiscal quarter, the value of the approximately 0.21% stake in German American Bancorp held by Russell Investments Group Ltd was $2,226,000.
In addition, several institutional investors have recently adjusted the percentage of the company’s stock in their respective portfolios.
In the third quarter, German American Bancorp received an investment contribution of $2,665,000 from John W. Rosenthal Capital Management INC Total Clarity Wealth Management INC established a position in German American Bancorp during the second quarter by making a new investment of $159,000.
This was done to gain ownership of the company.
During the third quarter of 2018, Aptus Capital Advisors LLC increased the proportion of its holdings allocated to German American Bancorp by 6.1%.
After purchasing 3,945 additional shares of the bank’s stock during the most recent quarter, Aptus Capital Advisors LLC now has 68,190 shares of that stock in its possession.
There is a value of $2,435,000 attached to these shares.
Through the course of the third quarter, Money Concepts Capital Corporation was able to achieve a 28.5% increase in the proportion of German American Bancorp shares that it owned.
Because of the purchase of 658 additional shares over the preceding three months, Money Concepts Capital Corp.
Is now the owner of 2,968 shares in the company.
These shares have a value of $106,000 each due to acquiring additional shares. Chatham Capital Group INC paid $1,085,000 to fill a newly created position in German American Bancorp during the third quarter.
This position was opened during the period.
This is the last item on the agenda, but it is certainly not the least important.
At present, institutional investors and hedge funds collectively control 41.02% of the total number of shares issued by the company.
Separately, on October 12, StockNews.com released a research report about German American Bancorp.
This day also marked the first day the website covered the company.
They advised their clients to purchase the stock.
When trading started on Wednesday, the price of a share of German American Bancorp was $40.19.
The price of German American Bancorp, INC has ranged from $32.76 to $41.60 over the past year, with a low of $32.76 and a high of $41.60.
The moving average price of the stock over the last fifty days is $37.72, and the moving average price over the last two hundred days is $37.88.
Both the price-to-earnings ratio of the stock, which is 14.46, and the beta value of the stock, which is 0.72, are very high.
The market price of one share of the company’s stock is equivalent to $1.19 billion.
The current, quick, and debt-to-current assets ratios all come in at 0.74, while the debt-to-current assets ratio sits at 0.30.
In addition, the company has disclosed that it will initiate a dividend payment every quarter beginning on February 20 this year. On Friday, February 10, shareholders who still own their shares will be eligible to receive a $0.25 dividend payment, which will be distributed to those shareholders.
This represents an increase from the previous quarterly dividend of $0.23 distributed by German American Bancorp; that dividend was paid out quarterly.
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