GSA Capital Partners LLP Purchases Shares of 13,914 Newell Brands Inc. (NASDAQ:NWL)

GSA Capital Partners LLP acquired a new position in Newell Brands Inc. (NASDAQ:NWL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,914 shares of the company’s stock, valued at approximately $107,000.

Other large investors have also modified their holdings of the company. Rothschild Investment LLC bought a new stake in shares of Newell Brands in the second quarter valued at approximately $26,000. Gradient Investments LLC bought a new stake in Newell Brands in the 2nd quarter valued at $46,000. Quarry LP grew its position in Newell Brands by 104.4% in the 2nd quarter. Quarry LP now owns 7,941 shares of the company’s stock worth $51,000 after purchasing an additional 4,056 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Newell Brands during the 2nd quarter worth about $58,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of Newell Brands during the third quarter valued at about $70,000. 92.50% of the stock is owned by institutional investors.

Newell Brands Stock Up 5.5 %

NASDAQ NWL opened at $9.62 on Tuesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. The firm has a market cap of $4.00 billion, a PE ratio of -16.03, a price-to-earnings-growth ratio of 0.84 and a beta of 0.89. The stock’s 50 day simple moving average is $8.14 and its 200 day simple moving average is $7.55. Newell Brands Inc. has a one year low of $5.39 and a one year high of $9.72.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. Newell Brands’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. As a group, sell-side analysts forecast that Newell Brands Inc. will post 0.66 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Friday, November 29th. Newell Brands’s dividend payout ratio is -46.67%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NWL. Truist Financial boosted their price target on Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Royal Bank of Canada raised their target price on Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Citigroup lowered shares of Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Wells Fargo & Company raised their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Newell Brands has an average rating of “Hold” and a consensus target price of $9.10.

Insiders Place Their Bets

In other news, insider Bradford R. Turner sold 20,000 shares of Newell Brands stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the transaction, the insider now directly owns 230,254 shares of the company’s stock, valued at $2,063,075.84. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.61% of the company’s stock.

About Newell Brands

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.