Kirr Marbach & Co. LLC IN Has $10.08 Million Stock Position in Brookfield Co. (NYSE:BN)

Kirr Marbach & Co. LLC IN lowered its position in shares of Brookfield Co. (NYSE:BN) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,472 shares of the company’s stock after selling 1,051 shares during the quarter. Brookfield accounts for about 2.2% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 16th largest position. Kirr Marbach & Co. LLC IN’s holdings in Brookfield were worth $10,081,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. raised its holdings in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 221 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in Brookfield by 10.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock worth $148,000 after buying an additional 245 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in Brookfield by 2.9% in the third quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after buying an additional 292 shares in the last quarter. Caprock Group LLC raised its stake in shares of Brookfield by 2.5% in the third quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock worth $655,000 after buying an additional 300 shares during the period. Finally, PFG Investments LLC lifted its position in shares of Brookfield by 3.5% during the 4th quarter. PFG Investments LLC now owns 10,379 shares of the company’s stock valued at $596,000 after buying an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of BN stock opened at $60.40 on Wednesday. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.44. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. The stock has a fifty day simple moving average of $58.45 and a two-hundred day simple moving average of $53.43. The stock has a market capitalization of $99.41 billion, a price-to-earnings ratio of 128.52 and a beta of 1.56.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is 68.09%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. CIBC lifted their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. Morgan Stanley started coverage on Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Finally, Scotiabank boosted their target price on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.06.

Brookfield Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.