Global Brass and Copper Holdings (NYSE:BRSS) operates as a converter, fabricator, distributor, and processor of specialized copper and brass products in North America.
Insider buying during the last 30 days
Here is a table of Global Brass And Copper's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Scott Hamilton||GC||May 12||1,000||15,550 shares||+6.9%|
|Robert Micchelli||CFO||May 12||15,000||43,870 shares||+52.0%|
|Paul Schwind||CC||May 12||1,100||9,204 shares||+13.6%|
|John Wasz||CEO||May 12||16,816||69,756 shares||+31.8%|
There have been 33,916 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Global Brass And Copper's insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 73,016 shares purchased and there have been 21,110,000 shares sold by insiders since May 2013. Global Brass And Copper had its IPO in May 2013.
Global Brass And Copper reported the first-quarter financial results on May 7 with the following highlights:
|Net income||$9.7 million|
The four insiders purchased their shares after these results.
Global Brass And Copper's 2014 guidance is as follows:
|Adjusted sales||$568-$575 million|
|Adjusted EBITDA||$118-$123 million|
|Qtrly Rev Growth (yoy):||-0.00||0.03|
|PEG (5 yr expected):||0.70||1.81|
Global Brass And Copper has a lower P/S ratio than Mueller Industries. In Mueller Industries, there have been zero shares purchased and there have been 15,405 shares sold by insiders this year. Only Global Brass And Copper has seen intensive insider buying during the last 30 days.
There have been four different insiders buying Global Brass And Copper, and there have not been any insiders selling Global Brass And Copper during the last 30 days. Three of these four insiders increased their holdings by more than 10%.
The four insiders purchased their shares at prices ranging from $14.81 to $15.04. I believe Global Brass And Copper could be a good pick below $15.04 based on the intensive insider buying.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in BRSS over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.