Date: Jun 4, 2018
Shares of Vale SA (NYSE:VALE) traded up 1.90% on Friday, reaching $8.58. 17,152,562 shares of the company traded hands. The company has a market capitalization of $44.22 billion, a PE ratio of 10.46 and a beta of 1.57. Vale SA has a one year low of $3.85 and a one year high of $11.70. The firm has a 50-day moving average price of $9.33 and a 200 day moving average price of $8.78. Vale SA also was the target of unusually large options trading activity on Wednesday. Traders bought 37,163 put options on the stock. This represents an increase of 401% compared to the typical daily volume of 7,424 put options.
The firm also recently announced a semiannual dividend, which will be paid on Friday, May 5th. Investors of record on Wednesday, April 26th will be issued a dividend of $0.2881 per share. This is a boost from Vale SA’s previous semiannual dividend of $0.19. The ex-dividend date is Monday, April 24th. This represents a yield of 5.8%. Vale SA’s dividend payout ratio is presently -4.00%.
A number of large investors have recently bought and sold shares of VALE. Amerigo Asset Management acquired a new stake in Vale SA during the first quarter valued at approximately $76,950,000. Acadian Asset Management LLC acquired a new stake in Vale SA during the first quarter valued at approximately $67,035,000. Horseman Capital Management Ltd acquired a new stake in Vale SA during the first quarter valued at approximately $47,070,000. William Blair Investment Management LLC acquired a new stake in Vale SA during the fourth quarter valued at approximately $27,612,000. Finally, Luminus Management LLC acquired a new stake in Vale SA during the fourth quarter valued at approximately $15,856,000. Institutional investors and hedge funds own 7.98% of the company’s stock.
