Paradiem LLC Sells 13,839 Shares of BHP Group Limited (NYSE:BHP)

Paradiem LLC cut its stake in shares of BHP Group Limited (NYSE:BHP) by 59.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,276 shares of the mining company’s stock after selling 13,839 shares during the quarter. Paradiem LLC’s holdings in BHP Group were worth $634,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BHP. Cape Investment Advisory Inc. increased its holdings in BHP Group by 37.4% in the 3rd quarter. Cape Investment Advisory Inc. now owns 639 shares of the mining company’s stock worth $36,000 after buying an additional 174 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in BHP Group in the 3rd quarter worth about $37,000. NBC Securities Inc. bought a new stake in BHP Group in the 3rd quarter worth about $41,000. Headinvest LLC bought a new stake in BHP Group in the 3rd quarter worth about $52,000. Finally, FinTrust Capital Advisors LLC boosted its position in BHP Group by 64.2% in the third quarter. FinTrust Capital Advisors LLC now owns 1,079 shares of the mining company’s stock worth $61,000 after purchasing an additional 422 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BHP has been the topic of several research reports. StockNews.com cut BHP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Citigroup raised BHP Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Liberum Capital reissued a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, BHP Group currently has an average rating of “Hold” and a consensus target price of $50.00.

BHP Group Stock Performance

Shares of BHP stock traded down $0.78 during trading hours on Friday, reaching $56.43. 4,065,233 shares of the company traded hands, compared to its average volume of 2,768,604. BHP Group Limited has a 12-month low of $54.28 and a 12-month high of $69.11. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $57.85 and a 200 day moving average price of $60.22.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were paid a dividend of $1.44 per share. This represents a yield of 5.2%. The ex-dividend date of this dividend was Thursday, March 7th.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.