105,000 Shares in ICL Group Ltd. $ICL Purchased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. purchased a new position in shares of ICL Group Ltd. (NYSE:ICL) during the fourth quarter, HoldingsChannel reports. The fund purchased 105,000 shares of the basic materials company’s stock, valued at approximately $600,000.

A number of other hedge funds have also bought and sold shares of ICL. Goldman Sachs Group Inc. increased its position in ICL Group by 120.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,153,799 shares of the basic materials company’s stock worth $23,635,000 after acquiring an additional 2,267,245 shares during the period. Y.D. More Investments Ltd increased its position in ICL Group by 5.5% during the fourth quarter. Y.D. More Investments Ltd now owns 18,738,939 shares of the basic materials company’s stock worth $107,498,000 after acquiring an additional 979,321 shares during the period. Bank of America Corp DE increased its position in ICL Group by 29.6% during the second quarter. Bank of America Corp DE now owns 2,138,899 shares of the basic materials company’s stock worth $14,716,000 after acquiring an additional 488,750 shares during the period. Vanguard Group Inc. increased its position in ICL Group by 1.6% during the third quarter. Vanguard Group Inc. now owns 28,683,603 shares of the basic materials company’s stock worth $179,100,000 after acquiring an additional 451,440 shares during the period. Finally, Citadel Advisors LLC grew its stake in ICL Group by 6,275.3% during the third quarter. Citadel Advisors LLC now owns 354,398 shares of the basic materials company’s stock worth $2,204,000 after buying an additional 360,137 shares in the last quarter. 13.38% of the stock is owned by institutional investors.

ICL Group Trading Up 0.1%

Shares of ICL Group stock opened at $5.45 on Monday. The company has a market capitalization of $7.03 billion, a price-to-earnings ratio of 32.03 and a beta of 0.86. The company has a quick ratio of 0.71, a current ratio of 1.33 and a debt-to-equity ratio of 0.30. ICL Group Ltd. has a 12-month low of $4.76 and a 12-month high of $7.35. The firm’s 50-day moving average price is $5.22 and its two-hundred day moving average price is $5.47.

ICL Group (NYSE:ICL) last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. ICL Group had a net margin of 3.16% and a return on equity of 7.44%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.77 billion. On average, analysts forecast that ICL Group Ltd. will post 0.4 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th were paid a $0.0465 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Tuesday, March 10th. ICL Group’s dividend payout ratio (DPR) is presently 82.35%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of ICL Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.10.

About ICL Group

ICL Group is a global specialty minerals and chemicals company headquartered in Tel Aviv, Israel. Established in its current form through the consolidation of Israeli government–owned chemical operations, ICL has evolved into a publicly traded entity on the New York Stock Exchange (NYSE: ICL). The company’s origins date back to state-driven mineral extraction in the Negev and the Dead Sea region, and over the decades it has grown through strategic acquisitions, technological innovation and a gradual privatization process completed in the early 2010s.

ICL’s core operations are organized into three principal business areas.