Bramshill Investments LLC Purchases Shares of 153,697 Vale S.A. (NYSE:VALE)

Bramshill Investments LLC acquired a new position in shares of Vale S.A. (NYSE:VALE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 153,697 shares of the basic materials company's stock, valued at approximately $1,363,000.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC increased its holdings in Vale by 39.4% during the 4th quarter. SG Americas Securities LLC now owns 349,851 shares of the basic materials company's stock valued at $3,103,000 after purchasing an additional 98,899 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Vale by 206.4% in the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock valued at $26,000 after buying an additional 1,938 shares during the last quarter. Truist Financial Corp lifted its position in Vale by 18.2% during the 4th quarter. Truist Financial Corp now owns 33,704 shares of the basic materials company's stock worth $299,000 after buying an additional 5,189 shares in the last quarter. US Bancorp DE increased its position in Vale by 164.5% in the 4th quarter. US Bancorp DE now owns 148,857 shares of the basic materials company's stock valued at $1,320,000 after acquiring an additional 92,570 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its stake in shares of Vale by 92.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 26,689 shares of the basic materials company's stock worth $237,000 after acquiring an additional 12,801 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company's stock.

Vale Trading Up 0.8 %

VALE traded up $0.07 during midday trading on Friday, reaching $9.37. 19,611,362 shares of the company were exchanged, compared to its average volume of 30,589,341. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The stock has a market capitalization of $42.53 billion, a P/E ratio of 6.51, a PEG ratio of 0.31 and a beta of 0.83. The stock's 50-day simple moving average is $9.49 and its 200 day simple moving average is $9.53. Vale S.A. has a one year low of $8.06 and a one year high of $13.14.

Vale (NYSE:VALE - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The firm had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $8.39 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. As a group, analysts forecast that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.3758 per share. This represents a yield of 7.5%. The ex-dividend date was Monday, March 10th. This is an increase from Vale's previous semi-annual dividend of $0.30. Vale's dividend payout ratio (DPR) is presently 54.35%.

Wall Street Analysts Forecast Growth

VALE has been the topic of several research analyst reports. Royal Bank of Canada reissued a "sector perform" rating and set a $11.00 price target (down from $12.00) on shares of Vale in a research note on Thursday, April 17th. StockNews.com initiated coverage on Vale in a research note on Wednesday. They issued a "hold" rating for the company. UBS Group dropped their target price on Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Bank of America upgraded Vale from a "neutral" rating to a "buy" rating and raised their price target for the company from $11.00 to $11.50 in a report on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.13.

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.