Caledonia Mining Corporation PLC $CMCL Stock Sold by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC reduced its Caledonia Mining stake by 85.9% in the second quarter, selling 61,776 shares and retaining 10,115 shares worth approximately $193,000.
• Other institutional investors increased their positions, including Arrowstreet Capital, which more than doubled its holdings, while institutional investors and hedge funds collectively own 31.78% of CMCL. Director July Ndlovu also purchased 21,400 shares for about $492,842.
• Caledonia Mining reported quarterly earnings of $1.36 per share, beating estimates of $0.54, and paid a quarterly dividend of $0.14, equivalent to a 2.3% yield.

Squarepoint Ops LLC cut its stake in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL - Free Report) by 85.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,115 shares of the company's stock after selling 61,776 shares during the period. Squarepoint Ops LLC owned about 0.05% of Caledonia Mining worth $193,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CMCL. Dimensional Fund Advisors LP grew its holdings in shares of Caledonia Mining by 18.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 544,657 shares of the company's stock valued at $12,303,000 after acquiring an additional 86,575 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Caledonia Mining by 112.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 193,812 shares of the company's stock worth $4,378,000 after acquiring an additional 102,518 shares in the last quarter. Globeflex Capital L P acquired a new stake in Caledonia Mining during the second quarter valued at $3,121,000. Cvfg LLC acquired a new stake in Caledonia Mining during the first quarter valued at $776,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Caledonia Mining in the second quarter valued at about $498,000. Institutional investors and hedge funds own 31.78% of the company's stock.

Insider Activity at Caledonia Mining

In other Caledonia Mining news, Director July Ndlovu purchased 21,400 shares of the company's stock in a transaction dated Thursday, August 13th. The shares were bought at an average price of $23.03 per share, for a total transaction of $492,842.00. Following the purchase, the director directly owned 250,489 shares in the company, valued at $5,768,761.67. This trade represents a 9.34% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.68% of the stock is currently owned by company insiders.

Caledonia Mining Stock Performance

Shares of CMCL stock opened at $23.87 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.73 and a quick ratio of 5.03. Caledonia Mining Corporation PLC has a fifty-two week low of $15.85 and a fifty-two week high of $38.75. The stock's 50-day moving average is $22.80 and its two-hundred day moving average is $22.50. The firm has a market cap of $460.93 million, a P/E ratio of 6.84 and a beta of 0.73.

Caledonia Mining (NYSEAMERICAN:CMCL - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $1.36 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 23.29% and a net margin of 23.87%.

Caledonia Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 21st. Caledonia Mining's payout ratio is currently 116.67%.

About Caledonia Mining

Caledonia Mining Corporation Plc is a gold exploration, development and mining company focused primarily on Zimbabwe. The company's principal operating asset is the Blanket Gold Mine, an underground operation located near Gwanda in the country's Matabeleland South province. Blanket produces gold doré, which is refined for sale through established precious-metals markets.

Caledonia also holds a portfolio of exploration and development properties in Zimbabwe, including the Bilboes, Motapa and Maligreen projects.

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