Cvfg LLC Makes New Investment in Caledonia Mining Corporation PLC $CMCL

Cvfg LLC bought a new position in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 34,350 shares of the company’s stock, valued at approximately $776,000.

A number of other hedge funds have also modified their holdings of the business. Marshall Wace LLP lifted its stake in shares of Caledonia Mining by 287.0% in the second quarter. Marshall Wace LLP now owns 164,533 shares of the company’s stock worth $3,179,000 after buying an additional 122,022 shares in the last quarter. U S Global Investors Inc. grew its stake in Caledonia Mining by 115.7% during the 4th quarter. U S Global Investors Inc. now owns 217,334 shares of the company’s stock valued at $5,688,000 after acquiring an additional 116,580 shares in the last quarter. NFJ Investment Group LLC purchased a new stake in Caledonia Mining during the 4th quarter valued at about $2,954,000. Massachusetts Financial Services Co. MA acquired a new stake in Caledonia Mining in the 4th quarter valued at about $2,615,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Caledonia Mining in the 4th quarter valued at about $2,507,000. 31.78% of the stock is currently owned by institutional investors and hedge funds.

Caledonia Mining Trading Down 3.3%

CMCL opened at $18.28 on Thursday. The firm has a market capitalization of $352.99 million, a price-to-earnings ratio of 5.73 and a beta of 0.67. The company’s 50 day simple moving average is $21.52 and its two-hundred day simple moving average is $25.16. Caledonia Mining Corporation PLC has a 1-year low of $18.12 and a 1-year high of $38.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.66 and a quick ratio of 4.08.

Caledonia Mining (NYSEAMERICAN:CMCL) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.13. Caledonia Mining had a return on equity of 23.90% and a net margin of 23.59%.The business had revenue of $66.43 million during the quarter, compared to analyst estimates of $79.20 million.

Caledonia Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 3.1%. Caledonia Mining’s payout ratio is 116.67%.

Insider Buying and Selling at Caledonia Mining

In other Caledonia Mining news, Director July Ndlovu sold 20,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $17.19, for a total value of $343,800.00. Following the completion of the sale, the director directly owned 229,089 shares in the company, valued at $3,938,039.91. This represents a 8.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Victor Gapare bought 11,750 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was bought at an average cost of $18.70 per share, with a total value of $219,725.00. Following the completion of the purchase, the director directly owned 2,455,122 shares in the company, valued at approximately $45,910,781.40. The trade was a 0.48% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.68% of the stock is owned by corporate insiders.

Caledonia Mining Company Profile

Caledonia Mining Corporation PLC is a UK‐domiciled gold producer listed on the NYSE American under the ticker CMCL and on the London AIM market. The company’s flagship asset is the Blanket gold mine, located near Gwanda in southwestern Zimbabwe. Blanket is a conventional underground and surface gold operation that includes a carbon‐in‐leach processing plant and tailings retreatment facilities, providing a structurally diverse resource base and established production infrastructure.

Caledonia acquired the Blanket mine in 2004, adding to its long operating history that traces back to the early 20th century.