Boothbay Fund Management LLC Makes New Investment in The Mosaic Company (NYSE:MOS)

Boothbay Fund Management LLC purchased a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,038 shares of the basic materials company's stock, valued at approximately $271,000.

Several other hedge funds have also made changes to their positions in the business. Integrated Wealth Concepts LLC boosted its position in Mosaic by 21.0% in the 4th quarter. Integrated Wealth Concepts LLC now owns 9,208 shares of the basic materials company's stock valued at $226,000 after buying an additional 1,600 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Mosaic by 52.9% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 103,495 shares of the basic materials company's stock worth $2,536,000 after purchasing an additional 35,820 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in Mosaic by 65.4% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 496,820 shares of the basic materials company's stock worth $12,212,000 after purchasing an additional 196,500 shares in the last quarter. Spartan Fund Management Inc. acquired a new stake in Mosaic in the 4th quarter valued at about $123,000. Finally, Kamunting Street Capital Management L.P. purchased a new position in shares of Mosaic in the 4th quarter valued at about $1,699,000. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Price Performance

MOS stock traded down $0.18 during trading on Tuesday, reaching $30.43. 7,587,825 shares of the company were exchanged, compared to its average volume of 4,605,166. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The stock's 50 day moving average price is $26.49 and its 200 day moving average price is $26.39. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $32.29. The company has a market cap of $9.64 billion, a P/E ratio of 26.93, a PEG ratio of 1.42 and a beta of 1.09.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.89%. The ex-dividend date is Thursday, June 5th. Mosaic's payout ratio is currently 160.00%.

Analyst Ratings Changes

Several brokerages recently weighed in on MOS. Wells Fargo & Company raised their target price on shares of Mosaic from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, March 19th. Oppenheimer raised shares of Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price objective for the company in a research report on Thursday, March 20th. Piper Sandler restated a "neutral" rating and issued a $30.00 price target on shares of Mosaic in a research note on Thursday, March 27th. Royal Bank of Canada upped their price objective on Mosaic from $28.00 to $30.00 and gave the stock a "sector perform" rating in a research report on Friday, April 4th. Finally, Scotiabank raised their target price on Mosaic from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, March 19th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.42.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.