Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Shares Acquired by Martingale Asset Management L P

Martingale Asset Management L P lifted its stake in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 164.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,063 shares of the company’s stock after purchasing an additional 47,307 shares during the quarter. Martingale Asset Management L P’s holdings in Caledonia Mining were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Van ECK Associates Corp grew its holdings in Caledonia Mining by 7.9% in the 2nd quarter. Van ECK Associates Corp now owns 732,352 shares of the company’s stock worth $7,118,000 after buying an additional 53,678 shares in the last quarter. Goehring & Rozencwajg Associates LLC grew its holdings in Caledonia Mining by 12.8% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 209,717 shares of the company’s stock worth $2,038,000 after buying an additional 23,800 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Caledonia Mining by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 188,274 shares of the company’s stock worth $1,830,000 after buying an additional 24,447 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Caledonia Mining in the 3rd quarter worth approximately $2,759,000. Finally, American Century Companies Inc. grew its holdings in Caledonia Mining by 10.0% in the 2nd quarter. American Century Companies Inc. now owns 102,932 shares of the company’s stock worth $1,000,000 after buying an additional 9,318 shares in the last quarter. 31.78% of the stock is currently owned by institutional investors and hedge funds.

Caledonia Mining Price Performance

Shares of CMCL stock opened at $10.54 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.44 and a quick ratio of 0.89. The company has a market capitalization of $135.23 million, a P/E ratio of 21.96 and a beta of 0.72. Caledonia Mining Co. Plc has a 12-month low of $8.91 and a 12-month high of $16.95.

Caledonia Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date is Friday, November 22nd. Caledonia Mining’s payout ratio is currently 116.67%.

About Caledonia Mining

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.