Globeflex Capital L P Makes New $3.12 Million Investment in Caledonia Mining Corporation PLC $CMCL

Globeflex Capital L P purchased a new position in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) in the second quarter, according to its most recent filing with the SEC. The firm purchased 163,383 shares of the company’s stock, valued at approximately $3,121,000.

Other hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its position in shares of Caledonia Mining by 296.9% during the 1st quarter. Meeder Asset Management Inc. now owns 1,151 shares of the company’s stock valued at $26,000 after purchasing an additional 861 shares in the last quarter. Quarry LP acquired a new stake in Caledonia Mining during the third quarter worth approximately $50,000. Virtus Advisers LLC bought a new stake in Caledonia Mining in the fourth quarter worth approximately $42,000. Banque Cantonale Vaudoise bought a new stake in Caledonia Mining in the third quarter worth approximately $64,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Caledonia Mining by 6,486.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the company’s stock valued at $37,000 after buying an additional 1,881 shares during the period. 31.78% of the stock is owned by institutional investors.

Caledonia Mining Price Performance

Shares of CMCL opened at $24.77 on Monday. The firm has a market cap of $478.31 million, a PE ratio of 7.10 and a beta of 0.67. Caledonia Mining Corporation PLC has a 52-week low of $15.85 and a 52-week high of $38.75. The business’s 50 day moving average price is $20.01 and its two-hundred day moving average price is $23.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.03 and a current ratio of 5.73.

Caledonia Mining (NYSEAMERICAN:CMCL) last announced its quarterly earnings data on Monday, August 10th. The company reported $1.36 EPS for the quarter, topping the consensus estimate of $0.54 by $0.82. The company had revenue of $75.91 million during the quarter, compared to the consensus estimate of $82.00 million. Caledonia Mining had a net margin of 23.87% and a return on equity of 23.29%.

Caledonia Mining Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 21st. Caledonia Mining’s dividend payout ratio (DPR) is presently 116.67%.

Insider Buying and Selling at Caledonia Mining

In related news, Director July Ndlovu acquired 21,400 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $23.03 per share, for a total transaction of $492,842.00. Following the completion of the acquisition, the director owned 250,489 shares of the company’s stock, valued at approximately $5,768,761.67. This trade represents a 9.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Victor Gapare acquired 11,750 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $18.70 per share, for a total transaction of $219,725.00. Following the transaction, the director directly owned 2,455,122 shares in the company, valued at approximately $45,910,781.40. This represents a 0.48% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.68% of the company’s stock.

Caledonia Mining Profile

Caledonia Mining Corporation PLC is a UK?domiciled gold producer listed on the NYSE American under the ticker CMCL and on the London AIM market. The company’s flagship asset is the Blanket gold mine, located near Gwanda in southwestern Zimbabwe. Blanket is a conventional underground and surface gold operation that includes a carbon?in?leach processing plant and tailings retreatment facilities, providing a structurally diverse resource base and established production infrastructure.

Caledonia acquired the Blanket mine in 2004, adding to its long operating history that traces back to the early 20th century.