Ritholtz Wealth Management lifted its position in shares of Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN – Get Rating) by 118.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,007 shares of the company's stock after purchasing an additional 26,585 shares during the period. Ritholtz Wealth Management owned about 0.25% of Grindrod Shipping worth $1,173,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Private Advisor Group LLC increased its stake in Grindrod Shipping by 28.2% in the third quarter. Private Advisor Group LLC now owns 63,925 shares of the company's stock valued at $1,530,000 after purchasing an additional 14,077 shares during the period. Jane Street Group LLC grew its position in Grindrod Shipping by 26.1% during the second quarter. Jane Street Group LLC now owns 15,996 shares of the company's stock worth $285,000 after buying an additional 3,313 shares during the period. PDT Partners LLC acquired a new position in Grindrod Shipping during the second quarter worth about $1,267,000. Quantbot Technologies LP grew its position in Grindrod Shipping by 1,380.2% during the second quarter. Quantbot Technologies LP now owns 20,723 shares of the company's stock worth $355,000 after buying an additional 19,323 shares during the period. Finally, Virtu Financial LLC grew its position in Grindrod Shipping by 139.1% during the second quarter. Virtu Financial LLC now owns 19,215 shares of the company's stock worth $330,000 after buying an additional 11,177 shares during the period. 43.14% of the stock is owned by hedge funds and other institutional investors.

Grindrod Shipping Stock Down 0.3 %

Shares of NASDAQ GRIN opened at $19.27 on Tuesday. Grindrod Shipping Holdings Ltd. has a 12-month low of $13.50 and a 12-month high of $28.98. The company has a market capitalization of $370.95 million, a PE ratio of 2.34 and a beta of 0.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.05. The firm's 50-day moving average is $23.83 and its two-hundred day moving average is $21.75.

Analysts Set New Price Targets

Several brokerages have weighed in on GRIN. Alliance Global Partners lowered shares of Grindrod Shipping from a "buy" rating to a "neutral" rating in a research report on Thursday, October 13th. Noble Financial lowered shares of Grindrod Shipping from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 13th.

About Grindrod Shipping

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Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 32 vessels consisting of 24 owned dry bulk carriers and 7 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers.

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