Assenagon Asset Management S.A. Buys Shares of 154,612 MSA Safety Incorporated (NYSE:MSA)

Assenagon Asset Management S.A. bought a new position in shares of MSA Safety Incorporated (NYSE:MSA) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 154,612 shares of the industrial products company’s stock, valued at approximately $11,986,000. Assenagon Asset Management S.A. owned about 0.41% of MSA Safety at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Riverhead Capital Management LLC grew its stake in MSA Safety by 58.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the industrial products company’s stock worth $103,000 after buying an additional 465 shares during the last quarter. Citigroup Inc. grew its stake in MSA Safety by 18.3% during the 2nd quarter. Citigroup Inc. now owns 1,401 shares of the industrial products company’s stock worth $114,000 after buying an additional 217 shares during the last quarter. Royal Bank of Canada grew its stake in MSA Safety by 3.3% during the 2nd quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock worth $133,000 after buying an additional 53 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in MSA Safety by 126.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,817 shares of the industrial products company’s stock worth $144,000 after buying an additional 1,015 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in MSA Safety during the 3rd quarter valued at about $270,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Several analysts have weighed in on the company. Robert W. Baird boosted their price target on MSA Safety from $80.00 to $89.00 and gave the company a “neutral” rating in a research note on Sunday, October 22nd. Zacks Investment Research downgraded MSA Safety from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Barrington Research reiterated a “market perform” rating on shares of MSA Safety in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $89.00.

In related news, CEO William M. Lambert sold 7,703 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $79.99, for a total value of $616,162.97. Following the completion of the transaction, the chief executive officer now owns 164,468 shares of the company’s stock, valued at approximately $13,155,795.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kerry M. Bove sold 1,500 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $82.50, for a total value of $123,750.00. Following the completion of the transaction, the insider now directly owns 56,739 shares of the company’s stock, valued at approximately $4,680,967.50. The disclosure for this sale can be found here. In the last three months, insiders sold 65,119 shares of company stock valued at $5,220,759. Insiders own 15.53% of the company’s stock.

Shares of MSA Safety Incorporated (MSA) traded down $0.16 during mid-day trading on Friday, hitting $77.60. The stock had a trading volume of 93,436 shares, compared to its average volume of 188,235. The firm has a market cap of $2,957.37, a PE ratio of 35.76 and a beta of 1.62. The company has a current ratio of 2.11, a quick ratio of 1.52 and a debt-to-equity ratio of 0.72. MSA Safety Incorporated has a fifty-two week low of $65.95 and a fifty-two week high of $86.36.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 14th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.80%. MSA Safety’s dividend payout ratio (DPR) is presently 64.52%.

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MSA Safety Profile

Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.

Institutional Ownership by Quarter for MSA Safety (NYSE:MSA)

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