Y Intercept Hong Kong Ltd Boosts Stock Holdings in Minerals Technologies Inc. (NYSE:MTX)

Y Intercept Hong Kong Ltd lifted its stake in Minerals Technologies Inc. (NYSE:MTX) by 23.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,900 shares of the basic materials company’s stock after buying an additional 1,875 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Minerals Technologies were worth $765,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Picton Mahoney Asset Management bought a new position in Minerals Technologies during the 2nd quarter worth approximately $52,000. Blue Trust Inc. grew its holdings in shares of Minerals Technologies by 2,418.2% in the third quarter. Blue Trust Inc. now owns 831 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 798 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Minerals Technologies in the second quarter worth $76,000. Quarry LP raised its holdings in Minerals Technologies by 1,857.4% during the 2nd quarter. Quarry LP now owns 920 shares of the basic materials company’s stock valued at $77,000 after buying an additional 873 shares during the last quarter. Finally, CWM LLC boosted its position in Minerals Technologies by 585.6% during the 2nd quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock valued at $111,000 after buying an additional 1,136 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Minerals Technologies Price Performance

Shares of MTX stock opened at $79.13 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.72 and a current ratio of 2.46. Minerals Technologies Inc. has a fifty-two week low of $64.79 and a fifty-two week high of $90.29. The firm has a market cap of $2.52 billion, a P/E ratio of 16.76 and a beta of 1.30. The business’s 50 day moving average price is $79.39 and its 200-day moving average price is $79.11.

Minerals Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st were given a dividend of $0.11 per share. This is an increase from Minerals Technologies’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Thursday, October 31st. Minerals Technologies’s payout ratio is presently 9.32%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.