GSA Capital Partners LLP Buys Shares of 13,676 Ryerson Holding Co. (NYSE:RYI)

GSA Capital Partners LLP purchased a new position in Ryerson Holding Co. (NYSE:RYI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,676 shares of the basic materials company’s stock, valued at approximately $272,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of RYI. Victory Capital Management Inc. increased its stake in Ryerson by 983.8% in the second quarter. Victory Capital Management Inc. now owns 434,508 shares of the basic materials company’s stock worth $8,473,000 after purchasing an additional 394,415 shares during the period. Bank of Montreal Can purchased a new position in Ryerson in the 2nd quarter worth about $5,372,000. American Century Companies Inc. lifted its holdings in Ryerson by 14.2% during the 2nd quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company’s stock valued at $15,281,000 after buying an additional 97,556 shares in the last quarter. Vanguard Group Inc. boosted its position in Ryerson by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 2,380,803 shares of the basic materials company’s stock valued at $79,757,000 after buying an additional 81,515 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Ryerson by 34.1% in the 2nd quarter. Renaissance Technologies LLC now owns 278,600 shares of the basic materials company’s stock worth $5,433,000 after acquiring an additional 70,901 shares in the last quarter. 94.81% of the stock is owned by institutional investors.

Ryerson Stock Up 2.4 %

Shares of NYSE:RYI opened at $25.38 on Friday. The business’s 50 day moving average is $21.85 and its 200 day moving average is $21.33. The stock has a market cap of $808.35 million, a P/E ratio of 41.62 and a beta of 1.54. Ryerson Holding Co. has a 52-week low of $17.57 and a 52-week high of $36.20. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62.

Ryerson (NYSE:RYI) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.26). Ryerson had a net margin of 0.46% and a return on equity of 2.66%. The firm had revenue of $1.13 billion for the quarter. During the same quarter in the prior year, the company posted $1.00 EPS.

Ryerson Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.1875 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.75 annualized dividend and a dividend yield of 2.96%. Ryerson’s payout ratio is presently 122.95%.

Insider Activity

In other Ryerson news, EVP Mark S. Silver sold 9,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $24.56, for a total transaction of $221,040.00. Following the completion of the sale, the executive vice president now owns 107,664 shares in the company, valued at $2,644,227.84. This represents a 7.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.88% of the company’s stock.

Ryerson Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.