Global Brass And Copper: 4 Different Insiders Have Purchased Shares This Month

| About: Global Brass (BRSS)

Summary

4 insiders purchased Global Brass And Copper stock within one month.

The stock was sold by no insiders in the month of intensive purchasing.

3 of these 4 insiders increased their holdings by more than 10%.

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
May 2014 33,916 0
April 2014 0 0
March 2014 0 0
February 2014 0 910,000
January 2014 0 6,400,000
December 2013 0 0
November 2013 0 0
October 2013 0 5,750,000
September 2013 0 0
August 2013 0 0
July 2013 0 0
June 2013 0 0
May 2013 39,100 8,050,000

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.

Financials

Global Brass And Copper reported the first-quarter financial results on May 7 with the following highlights:

Revenue $443.8 million
Net income $9.7 million
Cash $16.9 million
Debt $398.0 million

The four insiders purchased their shares after these results.

Outlook

Global Brass And Copper's 2014 guidance is as follows:

Adjusted sales $568-$575 million
Adjusted EBITDA $118-$123 million

Competition

Global Brass And Copper's competitors include Mueller Industries (NYSE:MLI). Here is a table comparing these two companies.

Company BRSS MLI
Market Cap: 324.17M 1.62B
Employees: 2,062 3,925
Qtrly Rev Growth (yoy): -0.00 0.03
Revenue: 1.76B 2.17B
Gross Margin 0.10 0.14
EBITDA: 78.10M 162.42M
Operating Margin: 0.04 0.06
Net Income: 8.70M 171.10M
EPS: 0.41 3.03
P/E: 36.94 9.41
PEG (5 yr expected): 0.70 1.81
P/S: 0.18 0.75

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.

Conclusion

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.