Vale S.A. (NYSE:VALE) Shares Bought by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC raised its stake in shares of Vale S.A. (NYSE:VALE) by 16.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 32,030 shares of the basic materials company’s stock after buying an additional 4,450 shares during the period. SeaCrest Wealth Management LLC’s holdings in Vale were worth $358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Richardson Financial Services Inc. acquired a new position in shares of Vale in the 4th quarter worth approximately $31,000. GAMMA Investing LLC bought a new position in shares of Vale in the fourth quarter valued at $32,000. Versant Capital Management Inc bought a new position in shares of Vale in the first quarter valued at $26,000. Pacifica Partners Inc. acquired a new stake in shares of Vale during the 2nd quarter valued at $27,000. Finally, Cape Investment Advisory Inc. boosted its stake in shares of Vale by 16,947.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 3,239 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 3,220 shares in the last quarter. 21.85% of the stock is currently owned by institutional investors.

Vale Stock Up 2.1 %

NYSE:VALE traded up $0.22 during mid-day trading on Wednesday, reaching $10.60. The stock had a trading volume of 6,344,488 shares, compared to its average volume of 26,326,070. The stock has a market cap of $47.52 billion, a P/E ratio of 5.74, a PEG ratio of 3.57 and a beta of 0.96. The business’s 50 day moving average is $10.92 and its 200 day moving average is $11.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 0.79. Vale S.A. has a fifty-two week low of $9.66 and a fifty-two week high of $16.08.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. The company had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.97 billion. Vale had a net margin of 23.07% and a return on equity of 22.23%. As a group, sell-side analysts predict that Vale S.A. will post 2.13 earnings per share for the current year.

Vale Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Monday, August 5th will be given a $0.3698 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a dividend yield of 12.1%. This is a boost from Vale’s previous semi-annual dividend of $0.32. Vale’s payout ratio is currently 64.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wolfe Research lowered Vale from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 17th. Morgan Stanley cut their price objective on Vale from $18.00 to $15.50 and set an “overweight” rating on the stock in a report on Friday, June 21st. BNP Paribas upgraded shares of Vale from an “underperform” rating to a “neutral” rating in a report on Friday, June 21st. Finally, UBS Group cut their price target on shares of Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, July 5th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.72.

Vale Company 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.