Summit Financial LLC Makes New $1.23 Million Investment in Harmony Gold Mining Company Limited (NYSE:HMY)

Summit Financial LLC acquired a new stake in Harmony Gold Mining Company Limited (NYSE:HMY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 150,136 shares of the mining company’s stock, valued at approximately $1,233,000.

Other large investors have also made changes to their positions in the company. Schroder Investment Management Group boosted its stake in shares of Harmony Gold Mining by 18.3% during the 4th quarter. Schroder Investment Management Group now owns 398,580 shares of the mining company’s stock worth $3,244,000 after purchasing an additional 61,541 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of Harmony Gold Mining during the fourth quarter valued at approximately $305,000. LPL Financial LLC boosted its position in Harmony Gold Mining by 3.2% during the fourth quarter. LPL Financial LLC now owns 48,774 shares of the mining company’s stock worth $400,000 after acquiring an additional 1,496 shares during the last quarter. American Century Companies Inc. grew its stake in Harmony Gold Mining by 5.5% in the 4th quarter. American Century Companies Inc. now owns 3,312,235 shares of the mining company’s stock worth $27,193,000 after acquiring an additional 171,282 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Harmony Gold Mining during the 4th quarter worth $77,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

HMY opened at $15.08 on Wednesday. Harmony Gold Mining Company Limited has a 1 year low of $7.97 and a 1 year high of $15.17. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. The company’s 50 day simple moving average is $11.73 and its 200 day simple moving average is $10.39. The stock has a market capitalization of $9.57 billion, a PE ratio of 8.92, a P/E/G ratio of 0.63 and a beta of 1.85.

Harmony Gold Mining Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 11th will be paid a dividend of $0.1245 per share. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from Harmony Gold Mining’s previous semi-annual dividend of $0.04. This represents a dividend yield of 0.9%. Harmony Gold Mining’s payout ratio is currently 11.24%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.

Harmony Gold Mining 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.