Versor Investments LP Makes New $343,000 Investment in Brady Corporation $BRC

Key Points

• Versor Investments LP has acquired 4,859 shares of Brady Corporation, valued at approximately $343,000, reflecting interest from institutional investors in the industrial products company.
• Brady Corporation has seen significant activity from other investors as well, including a 33.7% increase in stake from KBC Group NV and a 68.9% increase from Bessemer Group Inc. during the same quarter.
• Analyst ratings show a consensus of "Strong Buy" for Brady Corporation, with some analysts upgrading their ratings while others adjusted it to "hold."

Versor Investments LP acquired a new position in shares of Brady Corporation (NYSE:BRC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,859 shares of the industrial products company's stock, valued at approximately $343,000.

Several other institutional investors and hedge funds also recently bought and sold shares of BRC. Victory Capital Management Inc. boosted its position in Brady by 1.2% in the 1st quarter. Victory Capital Management Inc. now owns 18,509 shares of the industrial products company's stock valued at $1,307,000 after buying an additional 215 shares during the period. Ariel Investments LLC boosted its position in Brady by 6.1% in the 4th quarter. Ariel Investments LLC now owns 3,840 shares of the industrial products company's stock valued at $284,000 after buying an additional 220 shares during the period. NDVR Inc. boosted its position in Brady by 7.6% in the 4th quarter. NDVR Inc. now owns 3,883 shares of the industrial products company's stock valued at $287,000 after buying an additional 274 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in Brady by 4.8% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,828 shares of the industrial products company's stock valued at $947,000 after buying an additional 586 shares during the period. Finally, Deutsche Bank AG boosted its position in Brady by 22.3% in the 4th quarter. Deutsche Bank AG now owns 3,270 shares of the industrial products company's stock valued at $241,000 after buying an additional 597 shares during the period. 76.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on BRC. Sidoti raised shares of Brady to a "strong-buy" rating in a research report on Monday, May 19th. Wall Street Zen raised shares of Brady from a "hold" rating to a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of "Strong Buy".

Brady Stock Down 0.5%

Shares of BRC stock traded down $0.36 on Tuesday, hitting $76.26. The stock had a trading volume of 100,276 shares, compared to its average volume of 221,300. The company has a market cap of $3.61 billion, a PE ratio of 18.86 and a beta of 0.81. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average price of $70.09 and a 200 day moving average price of $70.37. Brady Corporation has a one year low of $62.70 and a one year high of $77.68.

About Brady

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.