GSA Capital Partners LLP lessened its position in MRC Global Inc (NYSE:MRC) by 80.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,379 shares of the oil and gas company’s stock after selling 85,071 shares during the quarter. GSA Capital Partners LLP’s holdings in MRC Global were worth $249,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MRC. Quantamental Technologies LLC bought a new position in shares of MRC Global during the 4th quarter worth about $55,000. CX Institutional bought a new position in shares of MRC Global during the 4th quarter worth about $57,000. Pearl River Capital LLC bought a new position in shares of MRC Global during the 4th quarter worth about $101,000. Sun Life Financial INC bought a new position in shares of MRC Global during the 4th quarter worth about $103,000. Finally, Trexquant Investment LP acquired a new stake in shares of MRC Global during the 3rd quarter valued at about $248,000.
In other news, SVP John L. Bowhay sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $17.13, for a total transaction of $256,950.00. Following the transaction, the senior vice president now directly owns 70,854 shares in the company, valued at $1,213,729.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Grant R. Bates sold 30,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $18.78, for a total transaction of $572,790.00. Following the transaction, the insider now owns 34,461 shares in the company, valued at $647,177.58. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.
NYSE:MRC opened at $17.65 on Friday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 1.27 and a beta of 1.96. MRC Global Inc has a 12 month low of $11.62 and a 12 month high of $22.98. The company has a current ratio of 2.57, a quick ratio of 1.17 and a debt-to-equity ratio of 0.98.
MRC Global (NYSE:MRC) last released its quarterly earnings results on Thursday, February 14th. The oil and gas company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). MRC Global had a net margin of 1.77% and a return on equity of 10.41%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm earned $0.36 earnings per share. MRC Global’s quarterly revenue was up 11.7% on a year-over-year basis. Research analysts predict that MRC Global Inc will post 0.93 earnings per share for the current fiscal year.
MRC Global Company Profile
MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy industry in the United States, Canada, and internationally. The company supplies products across various markets, such as upstream, midstream, and downstream. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as measurement, steam, and instrumentation products.
Further Reading: Net Income
Receive News & Ratings for MRC Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MRC Global and related companies with MarketBeat.com's FREE daily email newsletter.