Marshall Wace LLP Makes New $358,000 Investment in Harmony Gold Mining Company Limited (NYSE:HMY)

Marshall Wace LLP purchased a new stake in Harmony Gold Mining Company Limited (NYSE:HMY) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,000 shares of the mining company’s stock, valued at approximately $358,000.

A number of other institutional investors have also recently added to or reduced their stakes in HMY. Bank of Montreal Can increased its position in Harmony Gold Mining by 49.0% during the second quarter. Bank of Montreal Can now owns 219,426 shares of the mining company’s stock worth $2,018,000 after purchasing an additional 72,207 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Harmony Gold Mining in the 2nd quarter valued at approximately $1,141,000. Sei Investments Co. increased its holdings in shares of Harmony Gold Mining by 60.9% during the 2nd quarter. Sei Investments Co. now owns 255,143 shares of the mining company’s stock worth $2,340,000 after buying an additional 96,577 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Harmony Gold Mining during the 2nd quarter valued at approximately $274,000. Finally, Hsbc Holdings PLC acquired a new position in Harmony Gold Mining in the second quarter valued at approximately $196,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

Harmony Gold Mining stock opened at $10.03 on Friday. The company’s 50 day simple moving average is $9.90 and its 200-day simple moving average is $9.33. 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 Company Limited has a 1 year low of $4.42 and a 1 year high of $11.37. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 8.56 and a beta of 1.79.

Harmony Gold Mining Cuts Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Monday, October 21st. Shareholders of record on Friday, October 11th will be paid a dividend of $0.042 per share. This represents a yield of 1.2%. The ex-dividend date is Friday, October 11th. Harmony Gold Mining’s dividend payout ratio (DPR) is 6.84%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upgraded Harmony Gold Mining from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $4.90 to $8.20 in a report on Thursday.

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.