Jacobs Levy Equity Management Inc. Takes $319,000 Position in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Jacobs Levy Equity Management Inc. purchased a new stake in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,893 shares of the company's stock, valued at approximately $319,000. Jacobs Levy Equity Management Inc. owned about 0.18% of Caledonia Mining at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CMCL. American Century Companies Inc. lifted its stake in shares of Caledonia Mining by 60.7% during the fourth quarter. American Century Companies Inc. now owns 347,981 shares of the company's stock valued at $3,275,000 after buying an additional 131,451 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Caledonia Mining by 24.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 313,604 shares of the company's stock valued at $2,951,000 after buying an additional 61,694 shares during the period. Geode Capital Management LLC raised its stake in Caledonia Mining by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 202,919 shares of the company's stock worth $1,909,000 after purchasing an additional 3,123 shares during the period. Renaissance Technologies LLC raised its stake in Caledonia Mining by 112.7% during the fourth quarter. Renaissance Technologies LLC now owns 156,527 shares of the company's stock worth $1,473,000 after purchasing an additional 82,927 shares during the period. Finally, Bridgeway Capital Management LLC raised its stake in 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 during the period. 31.78% of the stock is currently owned by institutional investors and hedge funds.

Caledonia Mining Stock Performance

NYSEAMERICAN:CMCL opened at $15.30 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.04. The company has a market cap of $294.07 million, a P/E ratio of 31.88 and a beta of 0.68. Caledonia Mining Co. Plc has a fifty-two week low of $8.81 and a fifty-two week high of $16.95. The firm's 50 day moving average is $12.65 and its two-hundred day moving average is $11.86.

Caledonia Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Friday, May 23rd. Caledonia Mining's dividend payout ratio is presently 116.67%.

Wall Street Analyst Weigh In

Separately, Maxim Group set a $21.00 price target on shares of Caledonia Mining and gave the stock a "buy" rating in a research note on Wednesday.

Caledonia Mining Profile

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.

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