Mariner LLC Increases Position in Harmony Gold Mining Company Limited (NYSE:HMY)

Mariner LLC lifted its stake in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 81.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,473 shares of the mining company's stock after purchasing an additional 38,009 shares during the quarter. Mariner LLC's holdings in Harmony Gold Mining were worth $694,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. ABC Arbitrage SA bought a new position in Harmony Gold Mining during the 4th quarter valued at about $20,229,000. Summit Financial LLC bought a new position in Harmony Gold Mining during the fourth quarter valued at approximately $1,233,000. Y Intercept Hong Kong Ltd bought a new position in Harmony Gold Mining during the fourth quarter valued at approximately $923,000. OLD Mission Capital LLC purchased a new stake in Harmony Gold Mining in the fourth quarter worth approximately $1,492,000. Finally, Caprock Group LLC bought a new stake in Harmony Gold Mining in the 4th quarter worth approximately $188,000. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Stock Performance

Shares of HMY stock traded up $1.03 during mid-day trading on Monday, reaching $16.08. 2,294,760 shares of the company's stock traded hands, compared to its average volume of 5,262,704. Harmony Gold Mining Company Limited has a 12 month low of $7.97 and a 12 month high of $18.77. The firm has a 50 day moving average price of $13.86 and a two-hundred day moving average price of $11.33. The firm has a market capitalization of $10.21 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56.

Harmony Gold Mining Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, April 21st. Shareholders of record on Friday, April 11th were given a $0.1245 dividend. This is a boost from Harmony Gold Mining's previous semi-annual dividend of $0.04. The ex-dividend date of this dividend was Friday, April 11th. This represents a yield of 0.9%. Harmony Gold Mining's dividend payout ratio is presently 11.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Hsbc Global Res upgraded Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. StockNews.com upgraded Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday, March 7th.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.