Mariner LLC Increases Stake in Harmony Gold Mining Company Limited (NYSE:HMY)

Mariner LLC increased its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 81.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 84,473 shares of the mining company’s stock after purchasing an additional 38,009 shares during the quarter. Mariner LLC’s holdings in Harmony Gold Mining were worth $694,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Grove Bank & Trust boosted its position in shares of Harmony Gold Mining by 400.0% during the fourth quarter. Grove Bank & Trust now owns 5,000 shares of the mining company’s stock valued at $41,000 after buying an additional 4,000 shares during the period. Jones Financial Companies Lllp boosted its holdings in Harmony Gold Mining by 230.3% during the 4th quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company’s stock valued at $48,000 after acquiring an additional 4,081 shares during the period. Quantbot Technologies LP purchased a new stake in Harmony Gold Mining in the fourth quarter worth $77,000. Advisory Services Network LLC bought a new stake in shares of Harmony Gold Mining during the fourth quarter worth $87,000. Finally, Alliance Wealth Advisors LLC UT purchased a new stake in shares of Harmony Gold Mining during the fourth quarter valued at $88,000. 31.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HMY. Hsbc Global Res raised shares of Harmony Gold Mining from a “moderate sell” rating to a “hold” rating in a research note on Thursday, April 17th. StockNews.com raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Friday, March 7th.

Harmony Gold Mining Stock Performance

Shares of Harmony Gold Mining stock opened at $15.38 on Wednesday. Harmony Gold Mining Company Limited has a 12 month low of $7.97 and a 12 month high of $18.77. The stock’s fifty day moving average price is $13.60 and its 200-day moving average price is $11.23. The firm has a market cap of $9.76 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.63 and a beta of 1.42. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

Harmony Gold Mining Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, April 21st. Stockholders of record on Friday, April 11th were given a $0.1245 dividend. This represents a dividend yield of 0.9%. The ex-dividend date was Friday, April 11th. This is a boost from Harmony Gold Mining’s previous semi-annual dividend of $0.04. Harmony Gold Mining’s dividend payout ratio is presently 11.24%.

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.