Aptus Capital Advisors LLC increased its stake in Brigham Minerals, Inc. (NYSE: MNRL) during the third quarter by 5.8 percentage points, as indicated by the most recent filing the company has made with the SEC. The institutional investor has purchased a total of 134,478 additional shares of the company since the end of the preceding quarter, bringing the total number of shares that the investor owns in the company to 134,478. Aptus Capital Advisors LLC disclosed in its most recent filing with the SEC that it held an interest in Brigham Minerals with a value of $3,318,000. This interest equals approximately 0.22% of the company’s total ownership.
A good number of other hedge funds have also altered the proportion of businesses they own in a manner very similar to this. During the third fiscal quarter of Brigham Minerals, Victory Capital Management Inc. increased the percentage of the company’s owned stock by 1.6%. As a result of the most recent quarter’s purchase of an additional 6,338 shares, Victory Capital Management Inc. now has a total ownership stake in the company that is equal to 401,918 shares and is worth $9,915,000. Great West Life Assurance Company of Canada paid approximately $68,000 to acquire a new investment in Brigham Minerals during the third quarter of the fiscal year. During the third quarter, SG Americas Securities LLC witnessed a rise of 218.3% in the value of the Brigham Minerals shares it held in its portfolio. SG Americas Securities LLC now has a total of 55,369 shares following purchasing of an additional 37,976 shares during the most recent quarter. The total value of SG Americas Securities LLC’s holdings in the company is equal to $1,366,000. During the third quarter, Valeo Financial Advisors LLC spent approximately $2,424,000 to purchase additional shares of Brigham Minerals to increase its existing stake in the company.
Last but not least, during the third quarter, Harel Insurance Investments & Financial Services Ltd. increased its holdings in Brigham Minerals by purchasing additional shares for approximately $82,000. This was done as part of the company’s investment strategy to increase its position in the company. Institutional investors and hedge funds collectively hold a stake in the company equal to 76.33% of the total number of shares outstanding.
NYSE: MNRL started trading for $32.50 on Tuesday when the market opened. Over the past year, the price of Brigham Minerals, Inc. has fluctuated between $20.53 and $37.79, with an average price of $37.79 being reached. The straightforward moving average for the past fifty days at the company is $33.79, and the straightforward moving average for the past two hundred days is $29.72. The debt-to-equity ratio was calculated to be 0.10, the current ratio was calculated to be 4.59, and the quick ratio was also calculated to be 4.59. The company currently has a PE ratio of 13.32, a market capitalization of $1.96 billion, and a beta value of 1.88.
The results report for Brigham Minerals (NYSE: MNRL), made available to the public on November 3rd, can be found here. The actual earnings per share of the company for the quarter cam