Brady Co. (NYSE:BRC) Short Interest Up 11.5% in July

Brady Co. (NYSE:BRC) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 473,800 shares, an increase of 11.5% from the July 15th total of 424,900 shares. Based on an average trading volume of 223,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.1% of the company’s shares are sold short.

Brady Trading Up 0.6 %

NYSE BRC traded up $0.40 during mid-day trading on Monday, reaching $72.88. 50,263 shares of the stock were exchanged, compared to its average volume of 283,931. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.45 and a current ratio of 2.06. The stock has a market capitalization of $3.46 billion, a PE ratio of 18.49, a PEG ratio of 2.12 and a beta of 0.77. Brady has a 1-year low of $48.60 and a 1-year high of $73.00. The business’s fifty day simple moving average is $68.01 and its 200 day simple moving average is $63.25.

Brady (NYSE:BRC) last posted its quarterly earnings results on Wednesday, May 22nd. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. The company had revenue of $343.40 million for the quarter, compared to the consensus estimate of $339.80 million. Brady had a net margin of 14.22% and a return on equity of 19.61%. Brady’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 earnings per share. On average, research analysts anticipate that Brady will post 4.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brady

Large investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its stake in Brady by 293.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 575 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 429 shares during the period. SYSTM Wealth Solutions LLC purchased a new position in shares of Brady in the 1st quarter valued at $35,000. Global Retirement Partners LLC raised its stake in shares of Brady by 1,107.4% in the 1st quarter. Global Retirement Partners LLC now owns 652 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 598 shares during the period. Blue Trust Inc. raised its stake in shares of Brady by 65.3% in the 2nd quarter. Blue Trust Inc. now owns 663 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 262 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Brady by 337.1% in the 2nd quarter. GAMMA Investing LLC now owns 918 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 708 shares during the period. Hedge funds and other 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.