Brady Co. (NYSE:BRC) Short Interest Update

Brady Co. (NYSE:BRC) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 560,700 shares, an increase of 18.3% from the July 31st total of 473,800 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 219,900 shares, the short-interest ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Brady from a “strong-buy” rating to a “buy” rating in a report on Friday.

Brady Stock Up 0.9 %

Brady stock traded up $0.68 during mid-day trading on Monday, reaching $74.04. The stock had a trading volume of 218,000 shares, compared to its average volume of 279,741. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.20 and a beta of 0.77. The company has a 50-day moving average price of $69.36 and a two-hundred day moving average price of $64.06. Brady has a one year low of $50.33 and a one year high of $74.51. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.06 and a quick ratio of 1.45.

Hedge Funds Weigh In On Brady

A number of hedge funds have recently bought and sold shares of BRC. Lord Abbett & CO. LLC lifted its stake in Brady by 21.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 610,505 shares of the industrial products company’s stock valued at $36,190,000 after acquiring an additional 106,219 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Brady by 101.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,503 shares of the industrial products company’s stock valued at $2,207,000 after acquiring an additional 19,942 shares during the period. Swedbank AB lifted its stake in Brady by 54.4% during the 2nd quarter. Swedbank AB now owns 350,000 shares of the industrial products company’s stock valued at $23,107,000 after acquiring an additional 123,296 shares during the period. Leuthold Group LLC bought a new position in Brady during the 4th quarter valued at about $3,390,000. Finally, GSA Capital Partners LLP bought a new position in Brady during the 1st quarter valued at about $1,051,000. Institutional investors own 76.28% of the company’s stock.

About Brady

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.