Assenagon Asset Management S.A. Invests $1.72 Million in Harmony Gold Mining Company Limited (NYSE:HMY)

Assenagon Asset Management S.A. bought a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 280,193 shares of the mining company's stock, valued at approximately $1,723,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Arlington Capital Management Inc. lifted its holdings in shares of Harmony Gold Mining by 1.7% during the 3rd quarter. Arlington Capital Management Inc. now owns 177,338 shares of the mining company's stock worth $667,000 after acquiring an additional 2,910 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Harmony Gold Mining by 10.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 32,077 shares of the mining company's stock worth $132,000 after acquiring an additional 3,000 shares during the period. Wetherby Asset Management Inc. lifted its holdings in shares of Harmony Gold Mining by 26.0% during the 1st quarter. Wetherby Asset Management Inc. now owns 15,016 shares of the mining company's stock worth $62,000 after acquiring an additional 3,103 shares during the period. Guggenheim Capital LLC lifted its holdings in shares of Harmony Gold Mining by 1.2% during the 1st quarter. Guggenheim Capital LLC now owns 415,938 shares of the mining company's stock worth $2,092,000 after acquiring an additional 4,789 shares during the period. Finally, Profund Advisors LLC lifted its stake in Harmony Gold Mining by 13.7% in the 1st quarter. Profund Advisors LLC now owns 43,938 shares of the mining company's stock valued at $180,000 after purchasing an additional 5,301 shares during the last quarter. Institutional investors and hedge funds own 31.79% of the company's stock.

Harmony Gold Mining Stock Up 2.9 %

NYSE:HMY traded up $0.25 on Friday, hitting $8.84. The company had a trading volume of 8,204,787 shares, compared to its average volume of 5,780,368. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.11. The firm has a 50 day moving average of $6.77 and a two-hundred day moving average of $5.79. Harmony Gold Mining Company Limited has a 52 week low of $3.41 and a 52 week high of $8.94.

Harmony Gold Mining Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 12th will be given a $0.062 dividend. This is a boost from Harmony Gold Mining's previous Semi-Annual dividend of $0.03. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 11th.

Wall Street Analyst Weigh In

HMY has been the subject of several research reports. StockNews.com raised shares of Harmony Gold Mining from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 29th. JPMorgan Chase & Co. downgraded shares of Harmony Gold Mining from a "neutral" rating to an "underweight" rating in a research note on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Harmony Gold Mining currently has an average rating of "Hold" and an average price target of $3.40.

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.