Dimensional Fund Advisors LP Acquires 86,575 Shares of Caledonia Mining Corporation PLC $CMCL

Key Points

• Dimensional Fund Advisors increased its Caledonia Mining stake by 18.9% in the first quarter, adding 86,575 shares and bringing its holdings to 544,657 shares, or 2.82% of the company. Institutional investors collectively own 31.78% of CMCL.
• Caledonia Mining reported quarterly EPS of $0.80, exceeding the $0.67 consensus estimate, though revenue of $66.43 million fell short of expectations. Shares opened at $21.75, up 7.0%.
• The company declared a quarterly dividend of $0.14 per share, equivalent to an annualized $0.56 payout and a 2.6% yield. Recent insider activity included a director selling 20,000 shares and another director purchasing 11,750 shares.

Dimensional Fund Advisors LP raised its holdings in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL - Free Report) by 18.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 544,657 shares of the company's stock after purchasing an additional 86,575 shares during the period. Dimensional Fund Advisors LP owned 2.82% of Caledonia Mining worth $12,303,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Caledonia Mining by 47.9% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,726 shares of the company's stock worth $581,000 after buying an additional 8,335 shares during the last quarter. Illumine Investment Management LLC purchased a new stake in Caledonia Mining in the first quarter worth $781,000. Principal Financial Group Inc. boosted its holdings in Caledonia Mining by 105.0% in the first quarter. Principal Financial Group Inc. now owns 47,384 shares of the company's stock valued at $1,070,000 after acquiring an additional 24,265 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Caledonia Mining by 158.0% in the first quarter. Hsbc Holdings PLC now owns 34,187 shares of the company's stock valued at $780,000 after acquiring an additional 20,934 shares in the last quarter. Finally, Cvfg LLC purchased a new position in Caledonia Mining during the 1st quarter valued at $776,000. Hedge funds and other institutional investors own 31.78% of the company's stock.

Caledonia Mining Stock Up 7.0%

Shares of NYSEAMERICAN CMCL opened at $21.75 on Friday. The company has a current ratio of 4.66, a quick ratio of 4.08 and a debt-to-equity ratio of 0.35. Caledonia Mining Corporation PLC has a 12 month low of $15.85 and a 12 month high of $38.75. The firm has a market capitalization of $419.99 million, a PE ratio of 6.82 and a beta of 0.67. The firm has a fifty day simple moving average of $19.38 and a two-hundred day simple moving average of $23.71.

Caledonia Mining (NYSEAMERICAN:CMCL - Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.13. Caledonia Mining had a net margin of 23.59% and a return on equity of 23.90%. The company had revenue of $66.43 million for the quarter, compared to analysts' expectations of $79.20 million.

Caledonia Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.14 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.6%. Caledonia Mining's dividend payout ratio is 116.67%.

Insider Activity at Caledonia Mining

In other news, Director July Ndlovu sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $17.19, for a total value of $343,800.00. Following the completion of the transaction, the director owned 229,089 shares in the company, valued at $3,938,039.91. This trade represents a 8.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Victor Gapare bought 11,750 shares of the stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of $18.70 per share, with a total value of $219,725.00. Following the purchase, the director owned 2,455,122 shares in the company, valued at $45,910,781.40. This trade represents a 0.48% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.68% of the stock is currently owned by corporate insiders.

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.

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