Caledonia Mining Corporation PLC $CMCL Stock Sold by Squarepoint Ops LLC

Squarepoint Ops LLC cut its stake in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL – Free Report) by 85.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,115 shares of the company’s stock after selling 61,776 shares during the period. Squarepoint Ops LLC owned about 0.05% of Caledonia Mining worth $193,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CMCL. Dimensional Fund Advisors LP grew its holdings in shares of Caledonia Mining by 18.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 544,657 shares of the company’s stock valued at $12,303,000 after acquiring an additional 86,575 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Caledonia Mining by 112.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 193,812 shares of the company’s stock worth $4,378,000 after acquiring an additional 102,518 shares in the last quarter. Globeflex Capital L P acquired a new stake in Caledonia Mining during the second quarter valued at $3,121,000. Cvfg LLC acquired a new stake in Caledonia Mining during the first quarter valued at $776,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Caledonia Mining in the second quarter valued at about $498,000. Institutional investors and hedge funds own 31.78% of the company’s stock.

Director July Ndlovu purchased 21,400 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were bought at an average price of $23.03 per share, for a total transaction of $492,842.00. Following the purchase, the director directly owned 250,489 shares in the company, valued at $5,768,761.67. This trade represents a 9.34% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.68% of the stock is currently owned by company insiders.

Caledonia Mining Corporation PLC last posted its quarterly earnings results on Monday, August 10th. The company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.82. The company had revenue of $75.91 million during the quarter, compared to the consensus estimate of $82.00 million. Caledonia Mining had a return on equity of 23.29% and a net margin of 23.87%.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 21st. Caledonia Mining’s payout ratio is currently 116.67%.

Caledonia Mining Corporation Plc is a gold exploration, development and mining company focused primarily on Zimbabwe. The company’s principal operating asset is the Blanket Gold Mine, an underground operation located near Gwanda in th...