52,819 Shares in Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Acquired by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP acquired a new position in Caledonia Mining Corporation, purchasing 52,819 shares valued at approximately $660,000, representing 0.27% ownership.
• Caledonia Mining recently declared a quarterly dividend of $0.14 per share, with an annualized yield of 2.8% and a payout ratio of 116.67%.
• Maxim Group raised its price objective for Caledonia Mining shares from $21.00 to $28.00 and assigned a "buy" rating in a recent report.

GSA Capital Partners LLP bought a new stake in Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,819 shares of the company's stock, valued at approximately $660,000. GSA Capital Partners LLP owned about 0.27% of Caledonia Mining at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. grew its stake in shares of Caledonia Mining by 60.7% in the fourth quarter. American Century Companies Inc. now owns 347,981 shares of the company's stock worth $3,275,000 after acquiring an additional 131,451 shares during the last quarter. Renaissance Technologies LLC grew its position in Caledonia Mining by 112.7% in the fourth quarter. Renaissance Technologies LLC now owns 156,527 shares of the company's stock worth $1,473,000 after acquiring an additional 82,927 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Caledonia Mining by 24.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 313,604 shares of the company's stock valued at $2,951,000 after acquiring an additional 61,694 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Caledonia Mining in the 4th quarter worth approximately $319,000. Finally, Bridgeway Capital Management LLC increased its position in shares of Caledonia Mining by 36.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 107,884 shares of the company's stock worth $1,015,000 after purchasing an additional 28,836 shares in the last quarter. Institutional investors and hedge funds own 31.78% of the company's stock.

Analyst Ratings Changes

Separately, Maxim Group upped their price target on Caledonia Mining from $21.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th.

Caledonia Mining Price Performance

Shares of CMCL stock traded up $0.54 on Thursday, reaching $22.95. The company's stock had a trading volume of 101,666 shares, compared to its average volume of 113,414. The stock's 50 day simple moving average is $20.06 and its 200-day simple moving average is $14.28. Caledonia Mining Corporation PLC has a 12-month low of $8.81 and a 12-month high of $24.49. The company has a market capitalization of $441.00 million, a P/E ratio of 17.65 and a beta of 0.22. The company has a quick ratio of 0.96, a current ratio of 1.48 and a debt-to-equity ratio of 0.05.

Caledonia Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, May 23rd. Caledonia Mining's dividend payout ratio (DPR) is presently 116.67%.

About Caledonia Mining

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.